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 ₹ 63,820 per 10 grams for 24 Carat and ₹ 58,500 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 6,382 | - ₹ 27 |
8 grams
|
₹ 51,056 | - ₹ 216 |
10 grams
|
₹ 63,820 | - ₹ 270 |
100 grams
|
₹ 6,38,200 | - ₹ 2,700 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 5,850 | - ₹ 25 |
8 grams
|
₹ 46,800 | - ₹ 200 |
10 grams
|
₹ 58,500 | - ₹ 250 |
100 grams
|
₹ 5,85,000 | - ₹ 2,500 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
03 January 2024
|
₹ 63,820 | ₹ 58,500 | -0.43% |
02 January 2024
|
₹ 64,090 | ₹ 58,750 | +0.34% |
01 January 2024
|
₹ 63,870 | ₹ 58,550 | 0% |
31 December 2023
|
₹ 63,870 | ₹ 58,550 | 0% |
30 December 2023
|
₹ 63,870 | ₹ 58,550 | 0% |
29 December 2023
|
₹ 63,870 | ₹ 58,550 | -0.59% |
28 December 2023
|
₹ 64,250 | ₹ 58,900 | +0.68% |
27 December 2023
|
₹ 63,820 | ₹ 58,500 | +0.17% |
26 December 2023
|
₹ 63,710 | ₹ 58,400 | +0.34% |
25 December 2023
|
₹ 63,490 | ₹ 58,200 | 0% |
24 December 2023
|
₹ 63,490 | ₹ 58,200 | 0% |
23 December 2023
|
₹ 63,490 | ₹ 58,200 | +0.34% |
22 December 2023
|
₹ 63,230 | ₹ 58,000 | +0.43% |
21 December 2023
|
₹ 63,000 | ₹ 57,750 | 0% |
20 December 2023
|
₹ 63,000 | ₹ 57,750 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st February rate | ₹ | ₹ 763 |
29th February rate | ₹ | ₹ 742 |
Highest rate in February | ₹ on 1st January 1970 | ₹ 765 on 1st February 2024 |
Lowest rate in February | ₹ on 1st January 1970 | ₹ on 4th February 2024 |
Over all performance | Falling | Falling |
% change | -2.75% | -2.75% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st January rate | ₹ | ₹ 786 |
31st January rate | ₹ | ₹ 765 |
Highest rate in January | ₹ 58,750 on 2nd January 2024 | ₹ 64,090 on 2nd January 2024 |
Lowest rate in January | ₹ 58,500 on 3rd January 2024 | ₹ on 4th January 2024 |
Over all performance | Falling | Falling |
% change | -2.67% | -2.67% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st December rate | ₹ | ₹ 795 |
31st December rate | ₹ | ₹ 786 |
Highest rate in December | ₹ 58,900 on 28th December 2023 | ₹ 64,250 on 28th December 2023 |
Lowest rate in December | ₹ 56,650 on 13th December 2023 | ₹ on 9th December 2023 |
Over all performance | Falling | Falling |
% change | -1.13% | -1.13% |
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).
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