Gold Rates Drop Today, 20 August | Find Current Rates Here

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Posted by AI on 2025-08-20 06:52:46 | Last Updated by AI on 2025-08-20 09:13:11

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Gold rates have seen a dip today, 20 August. It fell for the second straight day on the MCX. This drop in prices is in line with falling global rates. In Mumbai, the price of gold stands at Rs 91,800 per 10 grams for 22-carat and Rs 1,00,150 per 10 grams for 24-carat.

The decline in gold prices came amid a firm trend in the equity market, with the BSE Sensex rising over 250 points. As per global trends, the dollar index was down 0.04 per cent at 93.56. Meanwhile, US Treasury yields climbed to a weekly high of 3.048 %.

According to analysts, fundamentals still remain positive for the precious metal. A dip in gold rates reflects short-term technical selling, they say. Investors are also waiting for the US Federal Reserve's monetary policy decision next week.

We'll conclude by noting that the decline in gold rates has been a surprise for many traders and investors. Analysts are waiting to see if this trend continues or if the precious metal will bounce back in the coming days.

For those interested in staying updated with the rates, be sure to keep an eye out for any sudden changes or trends that may occur in the coming days!

Any changes in global trends or international events will most likely impact gold rates and have an effect on those looking to invest or sell the precious metal.

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