Gold Rates in Mumbai Today: Shining Deal For Buyers As Gold Rates Fall Again, Check Latest 18, 22, 24K Prices
Gold Rates in Mumbai Today: Gold Rates in Mumbai Today: People can see an extended discount while purchasing gold jewellery and other ornaments in Mumbai as the gold prices in the city witnessed a consecutive decline on Monday.
The gold rate today in Mumbai fell again amid the ongoing Indian stock market crash on Monday’s trading session. Nifty and Sensex tanked nearly 5% during the opening session today, with all the broad market indices, including small-, mid- and large-cap trading in the red. Nifty Meta, Pharma, and IT were among the worst hit sectoral indices today.
Regardless of the stock market mayhem, which many termed as the Black Monday crash, the situation brought a lucrative opportunity for gold buyers as the price of yellow metal declined again on Monday. If you are living in Mumbai, here are the latest 18 karat, 22 karat and 24 karat gold rates for today.
Gold Rates in Mumbai Today: Gold Rates in Mumbai Today
Gold rates in Mumbai fell on Monday. The price of 22-karat gold declined by nearly Rs 250 per 10 gram to Rs 82,850 today. The 24-karat gold was sold for Rs 90380 per 10 grams, which was nearly Rs 280 lower than yesterday’s price. The rate of 18-karat gold, which is also known as 999, declined to Rs 67,790 per 10 grams.
There has been a significant decline in gold rates in Mumbai and other Indian cities since April.
Gold Rates in Mumbai Today: Silver Rates in Mumbai Today
Silver rate in Mumbai today stood at Rs 94 per gram and Rs 94,000 per kilogram on Monday. Silver rates remained lower in the last few years. Price of silver and gold are changed daily. Since these precious metals are imported gold and silver jewellery items are subject to additional taxes which may further increase their price. Hence, gold and silver rates mentioned here are indicative and the actual cost of gold jewellery and other item may vary based on additional costs.
Investors must consider buying items made of these precious metals from a reliable source to avoid any fraudulent practice.
Gold Rates in Mumbai Today: Gold, Silver Rate in India Today
Gold price in India today stood at Rs 9038 per gram for 24 karat gold. The 22 karat gold was sold at a price of Rs 8285 per gram and the 18 karat gold was sold at a price of Rs 6779 per gram for 18 karat gold, which is also known as 999 gold.
The recent decline in gold prices has come days after the yellow metal witnessed a stellar rally in March. Gold prices surged in March due to the safe-haven rally amid market uncertainty due to the Trump tariff announcement. According to experts, the recent gold price decline is the result of market sell off by investors to recoup their losses from the stock market crash.
“Gold and Silver prices continued to face turmoil, and hit their lowest levels in more than three weeks, as a wider market sell-off triggered by U.S. President Donald Trump’s tariff measures impacted bullion traders. Gold and Silver dropped more than 3% on Friday as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global growth slowdown,” said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd.
