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News India Live, Digital Desk: Amid the global energy crisis, gold prices were seen softening in Indian markets today. News of the re-closure of the Strait of Hormuz due to increasing tensions between the US and Iran has increased crude oil prices by 7%, taking Brent crude close to $100 per barrel. But on the contrary, gold prices have declined due to profit booking by investors amid the strengthening of the dollar and fears of rising inflation.

Why did the price of gold fall?

Generally gold is considered a safe investment in case of war, but this time the situation is a little different:

Strong Dollar: The dollar index has strengthened amid global tensions, making it expensive to buy gold in other currencies and reducing demand.

Fear of inflation: There is a fear of increase in inflation at the global level due to increase in oil prices. Investors feel that due to this, central banks (like US Fed) will not cut interest rates, which is negative for gold.

‘Fire’ in crude oil: impact of Hormuz crisis

The Strait of Hormuz handles about 20% of the world’s oil trade. There is a threat of disruption of oil supply in the global market due to Iran’s threat to shut it down and American military movements. For this reason, crude oil prices have been rising like a rocket since this morning.

Gold price in your city today (20 April 2026)

Here are the 24 carat and 22 carat gold prices today in major cities of India (estimated rates, GST extra):

Investment Advice: What to do?

Market experts believe that until the war situation in the Gulf countries is not cleared up, there will be instability in the market. If you want to invest for the long term, this fall in prices can be a good opportunity. However, do confirm the latest rates with your nearest jeweler or bank before purchasing.