Mumbai, the City of Dreams, is also an important trade hub of India. This land boasts of shops as old as 300 years, dealing in gold and gold trade. Like elsewhere, the gold price fluctuates here depending upon several domestic as well as global factors. Mumbaikars invest lavishly in gold bars, coins, jewellery, ingots, exchanges, etc. Today Gold rate in Mumbai is ₹ 69,820 per 10 grams for 24 Carat and ₹ 64,000 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 6,982 | ₹ 0 |
8 grams
|
₹ 55,856 | ₹ 0 |
10 grams
|
₹ 69,820 | ₹ 0 |
100 grams
|
₹ 6,98,200 | ₹ 0 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 6,400 | ₹ 0 |
8 grams
|
₹ 51,200 | ₹ 0 |
10 grams
|
₹ 64,000 | ₹ 0 |
100 grams
|
₹ 6,40,000 | ₹ 0 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
26 July 2024
|
₹ 69,820 | ₹ 64,000 | 0% |
25 July 2024
|
₹ 69,820 | ₹ 64,000 | -1.46% |
24 July 2024
|
₹ 70,860 | ₹ 64,950 | -3.71% |
23 July 2024
|
₹ 73,580 | ₹ 67,450 | -0.37% |
22 July 2024
|
₹ 73,850 | ₹ 67,700 | -0.15% |
21 July 2024
|
₹ 73,970 | ₹ 67,800 | 0% |
19 July 2024
|
₹ 74,350 | ₹ 68,150 | -0.66% |
18 July 2024
|
₹ 74,840 | ₹ 68,600 | -0.22% |
17 July 2024
|
₹ 75,000 | ₹ 68,750 | +1.33% |
16 July 2024
|
₹ 74,020 | ₹ 67,850 | +0.52% |
15 July 2024
|
₹ 73,640 | ₹ 67,500 | 0% |
13 July 2024
|
₹ 73,750 | ₹ 67,600 | 0% |
12 July 2024
|
₹ 73,750 | ₹ 67,600 | -0.37% |
11 July 2024
|
₹ 74,020 | ₹ 67,850 | +1.12% |
10 July 2024
|
₹ 73,200 | ₹ 67,100 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st June rate | ₹ | ₹ |
30th June rate | ₹ 66,250 | ₹ 72,280 |
Highest rate in June | ₹ 67,150 on 21st June 2024 | ₹ 73,250 on 21st June 2024 |
Lowest rate in June | ₹ 65,750 on 27th June 2024 | ₹ on 1st June 2024 |
Over all performance | Falling | Falling |
% change | % | % |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st May rate | ₹ | ₹ 830 |
31st May rate | ₹ | ₹ |
Highest rate in May | ₹ on 1st January 1970 | ₹ ₹ 977 on 30th May 2024 |
Lowest rate in May | ₹ on 1st January 1970 | ₹ on 10th May 2024 |
Over all performance | Falling | Falling |
% change | -100.00% | -100.00% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st April rate | ₹ | ₹ 786 |
30th April rate | ₹ | ₹ 835 |
Highest rate in April | ₹ on 1st January 1970 | ₹ 871 on 17th April 2024 |
Lowest rate in April | ₹ on 1st January 1970 | ₹ on 7th April 2024 |
Over all performance | Rising | Rising |
% change | +6.23% | +6.23% |
Here, the prices of gold fluctuate majorly in congruence with the international market trends. Global trade policies and gold prices are other important determinants.
Like elsewhere, the domestic factors include interest rate trends, state taxes, octroi, local bullion associations’ policies, festive calendar, and monsoon harvest.
Rural demand is another important market factor that dictates the prices. It usually shoots up during festivals such as Akshay Tritaya and wedding seasons.
This city also traditionally passes on gold as a family heirloom to future generations, in the form of jewels and ornaments. Mumbaikars also lavishly invest in gold coins, bars, and ingots.
Although, investments in gold as a commodity top the charts, this industrial haven has not forgotten digital gold.
People have been investing in digital gold tools such as ETFs, gold sovereign bonds, and gold futures, more than ever. In fact, it serves as one of the major domestic markets in India for the same.
It is popularly traded on exchanges such as National Commodity and Derivatives Exchange (NCDEX), Multi Commodity Exchange (MCX) and National Spot Exchange (NSEL).