Gold Rate in Mumbai Today ( as on 9 Mar, 2026)

Gold Rate Latest Update: 27th February 2026

Gold prices were above ₹1.60 lakh per 10 grams in the country’s financial capital on Friday, February 27, following gains in commodity futures and steady global precious metal prices. Gold rate in Mumbai today for 24 Karat increased by ₹270, or 0.17%, to ₹160,420 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,47,052 per 10 grams.

The gains in gold rate today in Mumbai follows a rise in the futures market on Multi Commodity Exchange of India (MCX), which rose above ₹1,60,300 level. On the global front, gold prices gained support from the concerns over US trade protectionism as Trump reiterated his commitment to expanding tariffs, alongside lingering uncertainty around the US–Iran nuclear talks.

Kaynat Chainwala, AVP Commodity Research, Kotak Securities noted that sustained gains in gold prices would likely require clearer signals of imminent rate cuts by the US Federal Reserve or renewed escalation of geopolitical tensions, as a firm dollar continues to cap upside.

Gold Rate Latest Update: 18th February 2026

Gold prices got costlier by more than ₹1,000 per 10 grams in the country’s financial capital on Wednesday, February 18, following a rally in the precious metal prices in domestic and international markets. Gold rate in Mumbai today for 24 Karat increased by ₹1,020, or 0.67%, at ₹1,52,880 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,40,140 per 10 grams.
On the Multi Commodity Exchange of India (MCX), gold rate today traded over a percent higher, rising above ₹1.53 lakh per 10 grams level in early deals, following gains in global bullion prices, as investors seem to opt for short covering after heavy profit booking in the previous sessions.
Gold prices seem to be consolidating after sharp bouts of volatility seen earlier. Analysts maintain their long-term bullish view for the precious metal prices.
“Overall, the current price action is being viewed as consolidation within a broader corrective phase rather than a breakdown of the long-term bullish trend. Investors may consider staggered accumulation, while traders should remain cautious amid elevated volatility,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk.

Gold Rate Latest Update: 17th February 2026

Gold prices got cheaper by more than ₹2,000 per 10 grams in the country’s financial capital on February 17, following a weakness in the precious metal prices on domestic and global exchanges. Gold rate in Mumbai today for 24 Karat was down by ₹2,140, or 1.38%, at ₹1,52,810 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,40,076 per 10 grams.
On the Multi Commodity Exchange of India (MCX), gold rate today traded over a percent lower, following weakness in global bullion prices, weighed down by a stronger US dollar and easing geopolitical tensions.
Analysts see the present subdued trend in gold prices as consolidation rather than a trend reversal, while suggesting investors to rebalance on dips, with staggered allocation amid choppy market conditions.

Gold Rate Latest Update: 16th February 2026

Gold prices declined by more than half a percent to trade near ₹1.55 lakh per 10 grams in the country’s financial capital on February 16, following a weak trend in the global precious metal prices. Gold rate in Mumbai today for 24 Karat was down by ₹820, or 0.52%, at ₹1,55,420 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,42,468 per 10 grams.
Gold rate on the Multi Commodity Exchange of India (MCX) opened sharply lower on Monday and slipped below ₹1.55 lakh per 10 grams level. Spot gold prices in the international market dipped below $5,000 an ounce amid a firm US dollar.
However, geopolitical tensions remain elevated, following reports that Washington has deployed the aircraft carrier USS Gerald R Ford to the Middle East amid stalled Iran nuclear talks, lending safe-haven support to the precious metal.
“Gold and silver began the week on a softer note, as investors booked profits after the weekend's rally. However, ongoing central bank purchases, heightened safe-haven demand amid the correction in tech and AI stocks, and a weaker dollar index have helped cushion the downside,” said Gaurvav Garg, Lemonn Markets Desk.
In the near term, he expects gold prices to trade in a narrow range, as markets await clearer signals on the US Federal Reserve’s policy stance and broader cues on the direction of the global economy.

Gold Rate in Mumbai Compared to Other Cities

Gold rates in Mumbai may differ slightly from those in other Indian cities due to local demand, transportation costs, and regional taxes. However, these differences are usually marginal, ensuring that Mumbai’s gold market remains competitive.

Where to Buy Gold in Mumbai: Top Markets and Stores

Mumbai offers numerous options for purchasing gold:

1. Zaveri Bazaar: One of the oldest and most famous gold markets in Mumbai, known for its wide variety of jewelry.
2. Bandra: An upscale shopping district with several branded jewelry stores offering certified gold products.
3. Colaba: A popular shopping area that offers a mix of traditional and modern gold jewelry stores.

Factors Influencing Gold Rate in Mumbai

The gold rate in Mumbai is influenced by several factors:

1. Global Market Trends: The international gold market heavily influences the gold rate in Mumbai. Global economic conditions, geopolitical tensions, and shifts in demand and supply impact the market.
2. Currency Exchange Rates: The value of the Indian Rupee against the US Dollar is crucial. A weaker rupee usually leads to higher gold prices.
3. Local Demand and Supply: During festivals like Diwali and wedding seasons, demand for gold in Mumbai increases, leading to higher prices.
4. Government Policies: Import duties, GST, and other regulatory measures imposed by the government directly affect the gold prices in Mumbai.
5. Inflation: Gold is traditionally seen as a hedge against inflation. When inflation rises, demand for gold typically increases, pushing up prices.

Historical Gold Price Trends in Mumbai

Gold prices in Mumbai have generally shown an upward trend over the years, influenced by global economic events and changes in investor sentiment. For instance, during periods of global financial instability, such as the COVID-19 pandemic, gold prices saw significant increases as investors flocked to safe-haven assets.

Best Times to Buy Gold in Mumbai

To make the most of your investment, consider these strategies:

1. Off-Peak Seasons: Gold prices tend to spike during festivals and weddings due to high demand. Purchasing during off-peak seasons can yield better rates.
2. Market Dips: Regularly monitoring market trends can help you buy during price dips, maximizing your investment value.
3. Economic Stability: During stable economic periods, gold prices are generally lower, making it a good time to invest.

Gold Investment Options in Mumbai

Mumbai offers various avenues for investing in gold:

1. Physical Gold: This traditional form of investment includes purchasing gold jewelry, coins, and bars. However, it comes with risks such as storage issues and potential theft.
2. Gold ETFs and Mutual Funds: These financial products offer a modern way to invest in gold without the need for physical storage. They track the price of gold and can be traded on stock exchanges.
3. Sovereign Gold Bonds (SGBs): Issued by the Government of India, SGBs are a secure investment option offering interest along with capital appreciation based on the gold rate.
4. Digital Gold: Digital gold allows you to buy and store gold online in small denominations, providing convenience and flexibility, especially for small investors.

How to Track Gold Prices in Mumbai

To stay updated with the latest gold prices in Mumbai:

1. Online Platforms: Websites like GoodReturns, Moneycontrol, and other financial news portals provide real-time updates on gold prices.
2. Bank Websites: Many banks offer live updates on gold rates, particularly those that sell gold coins and bars.
3. Jewelry Stores: Most reputable jewelers in Mumbai regularly update their prices, both online and in-store.

Understanding Gold Purity: 18 carat, 22 carat, and 24 carat

Understanding gold purity is essential when purchasing gold in Mumbai:

• 24 carat Gold: Pure gold, ideal for investment purposes.
• 22 carat Gold: Slightly less pure, commonly used in jewelry for its durability.
• 18 carat Gold: Contains 75% gold, making it more durable and affordable, perfect for intricate jewelry designs.

Always ensure the gold you buy is hallmarked to verify its purity and authenticity.

Tips for Buying Gold in Mumbai

When buying gold in Mumbai, keep these tips in mind:

1. Verify Purity: Always insist on hallmarked gold to ensure you’re getting what you pay for.
2. Negotiate Making Charges: Making charges can vary significantly between jewelers, so don’t hesitate to negotiate for a better deal.
3. Monitor Gold Prices: Regularly check gold prices to time your purchase when rates are favorable.
4. Choose Reputable Jewelers: Purchasing from established jewelers ensures quality and fair pricing.

Conclusion

Understanding the gold rate in Mumbai is crucial for anyone looking to buy, sell, or invest in gold. By staying informed about market trends, local demand, and government policies, you can make well-informed decisions that maximize your investment’s value. This guide provides all the information you need to navigate the gold market in Mumbai effectively, whether you’re a seasoned investor or a first-time buyer.