Gold rate today, April 20 -- Precious metals have declined by over 10% globally since the onset of the US-Iran war on February 28. A key reason behind this drop has been the surge in crude oil prices.

Meanwhile, back home, domestic spot gold prices have fallen by around 5% since the onset of the US-Iran war, according to MCX data. However, on a year-to-date basis, the yellow metal remains up 14%, building on the sharp 75% rise seen in 2025.

On Monday, gold prices fell sharply on the Multi-Commodity Exchange of India, weighed down by a stronger US dollar and as rising tensions around the Strait of Hormuz pushed oil prices higher and rekindled inflation worries.

Gold futures for June 2026 delivery were down Rs.1,590, or 1%, to Rs.1,53,01...