Gold & Silver Prices on Oct 20 – Spot Rates, Futures and City‑wise Figures

On the morning of October 20, gold didn’t really move a lot – it stayed close to $4,147 an ounce, give or take a few dollars. In India, the domestic spot price for 10 grams of 24‑karat gold closed the previous day at about ₹1,45,353, while the same amount of 22‑karat gold was a little cheaper, as usual.

Silver, the often‑overlooked sibling, was trading at roughly ₹2,08,380 per kilogram in the spot market. Over on the MCX, the December 4‑gram gold futures slipped 0.42 % to ₹1,47,300, and silver futures were essentially flat at ₹2,09,825 per kilogram.

Why the calm? Traders are hanging on the edge of their seats waiting for the U.S. Federal Reserve’s end‑of‑October rate decision. The Fed’s hint on future policy could swing bullion either way, so volatility is almost a given until the official word comes out.

Now, let’s get down to the nitty‑gritty – the city‑wise numbers you actually care about. In Mumbai, 10 grams of 24‑karat gold fetched around ₹1,42,930, while the 22‑karat version was priced at about ₹1,30,920. If you prefer silver, a 10‑gram piece was quoted near ₹2,000, and a whole kilogram hovered close to ₹2,00,472.

Over in Delhi, the rates were marginally higher, reflecting the usual north‑south spread. Delhi’s 24‑karat gold hovered around ₹1,44,500 for 10 grams, with 22‑karat trailing a little behind. Kolkata, on the other hand, tended to be a shade lower than Mumbai, with 24‑karat gold around ₹1,41,800 per 10 grams.

All these figures are snapshots – the bullion market can swing fast, especially when the Fed finally announces whether it’s keeping rates steady or nudging them higher. For anyone holding gold or silver, or even thinking of buying, it’s worth keeping an eye on both the global dollar‑price and the local spot rates.

Bottom line: the market is in a holding pattern for now, but the next few days could bring a swing. Stay tuned, and maybe keep a small ledger handy to track the changes across the cities you care about.