Today Gold price in Mumbai is :
62,400.00 last updated 05-May-23
Gold Rate In Mumbai Today
| Date | 24 Carat / 10 g | 22 Carat / 10 g |
|---|---|---|
| 05-05-23 | 62,400 | 57,200 |
| 04-05-23 | 62,180 | 57,000 |
| 03-05-23 | 61,640 | 56,500 |
| 02-05-23 | 60,760 | 55,700 |
| 01-05-23 | 60,760 | 55,700 |
| 30-04-23 | 60,930 | 55,850 |
| 29-04-23 | 60,930 | 55,850 |
Today's Gold Price in Mumbai
Gold is a precious metal that has been used for centuries as a form of currency, jewelry, and investment. It is a highly sought-after commodity, and its price fluctuates constantly. The price of gold in Mumbai is determined by a number of factors, including the global gold price, the Indian rupee, and the demand for gold in Mumbai.
The global gold price is set on the London Bullion Market, and it is influenced by a number of factors, including economic conditions, inflation, and investor sentiment. The Indian rupee is the currency of India, and its value fluctuates against the US dollar. When the rupee weakens, the price of gold in India tends to rise. The demand for gold in Mumbai is also a major factor in determining the price of gold in Mumbai. Mumbai is the financial capital of India, and it is a major center for gold trading. The demand for gold in Mumbai is driven by a number of factors, including religious and cultural beliefs, and the use of gold as a form of investment.
The current price of gold in Mumbai is as follows:
- 22 karat gold: ₹5,752.54 per gram
- 24 karat gold: ₹6,180.00 per gram
The price of gold in Mumbai is subject to change, and it is always best to check the latest prices before making a purchase.
Factors Affecting the Price of Gold in Mumbai
The price of gold in Mumbai is affected by a number of factors, including:
- The global gold price
- The Indian rupee
- The demand for gold in Mumbai
The Global Gold Price
The global gold price is set on the London Bullion Market, and it is influenced by a number of factors, including economic conditions, inflation, and investor sentiment. When the global economy is doing well, the demand for gold tends to decrease, as investors are more likely to invest in other assets, such as stocks and bonds. However, when the global economy is doing poorly, the demand for gold tends to increase, as investors seek out a safe haven asset.
The Indian Rupee
The Indian rupee is the currency of India, and its value fluctuates against the US dollar. When the rupee weakens, the price of gold in India tends to rise. This is because gold is priced in US dollars, so when the rupee weakens, it takes more rupees to buy the same amount of gold.
The Demand for Gold in Mumbai
Mumbai is a major consumer of gold in India, and its demand for gold is driven by a number of factors, including religious and cultural beliefs, and the use of gold as a form of investment. Gold is considered to be a sacred metal in Hinduism, and it is often used in religious ceremonies. Gold is also seen as a symbol of wealth and prosperity in Mumbai, and it is often given as a gift on special occasions. Additionally, gold is a popular investment in Mumbai, as it is seen as a safe haven asset that can protect against inflation.
How to Buy Gold in Mumbai
There are a number of ways to buy gold in Mumbai. You can buy gold from a jeweler, a bank, or a bullion dealer. When buying gold, it is important to make sure that you are buying from a reputable dealer. You should also ask about the purity of the gold and the price per gram.
Conclusion
The price of gold in Mumbai is constantly fluctuating, and it is important to check the latest prices before making a purchase. There are a number of factors that affect the price of gold in Mumbai, including the global gold price, the Indian rupee, and the demand for gold in India.
Here are some additional tips for buying gold in Mumbai:
- Do your research and compare prices from different dealers.
- Ask about the purity of the gold and the price per gram.
- Make sure you are buying from a reputable dealer.
- Consider buying gold coins or bars, as they are more liquid than jewelry.
- Store your gold in a safe place.
Here are some of the benefits of investing in gold:
- Gold is a safe haven asset that can protect against inflation.
- Gold is a tangible asset that can be easily stored and transported.
- Gold is a valuable asset that can be passed down from generation to generation.
- Gold is a beautiful and versatile metal that can be used in jewelry, coins, and bars.
**If you are considering investing in gold, be sure to do your research and understand the risks involved. Gold is a volatile asset and its price can fluctuate significantly. However, if you are looking
*Disclaimer: we take no guarantee on the accuracy of the data shown on our site, Gold rates tend to change with Market value and are provided on an as-is basis. We advice you not to use data displayed on our site for any kind of calculation and Investment. We accept no liability for any loss incurred because of the use of the data contained on this website.