Gold prices in Mumbai continue to remain steady as investors balance festive demand and global market movements. The yellow metal remains one of the most trusted investment options for both households and traders across Maharashtra.
Today Gold Rate in Mumbai 7 November 2025
| Purity | Price per 10 Gram (₹) |
|---|---|
| 24 Carat Gold | 1,22,580 |
| 22 Carat Gold | 1,12,360 |
Last Updated: 7 November 2025
Market Overview
Gold prices in Mumbai are influenced by global spot rates, USD-INR exchange trends, and local demand. Despite recent fluctuations in the international market, domestic prices have shown resilience due to consistent festive and wedding season purchases.
Key drivers:
- Festive demand: Strong retail buying supports local prices.
- Global cues: Prices move in tandem with the international spot market.
- Currency impact: A stable rupee keeps import costs steady.
- Investment sentiment: Gold ETFs and digital gold platforms remain popular.
Is It the Right Time to Buy Gold in Mumbai?
Analysts suggest that stable prices and sustained demand make this a favourable time for long-term investors. Mumbai’s retail jewellery market continues to record healthy footfall, supported by consistent buying of coins, bars, and ornaments.
Q1. What is the 24K gold price in Mumbai today?
A. The 24K gold price in Mumbai is ₹1,22,580 per 10 gram.
Q2. What is the 22K gold price in Mumbai today?
A. The 22K gold price in Mumbai is ₹1,12,360 per 10 gram.
Q3. Why do gold prices vary between cities in India?
A. Differences in local taxes, transportation, and making charges cause small variations in gold prices across cities.
Q4. What affects gold prices the most?
A. Global spot prices, INR exchange rates, inflation trends, and festive demand are the major influencing factors.
Conclusion
Gold prices in Mumbai today stand at ₹1,22,580 per 10 gram (24K) and ₹1,12,360 per 10 gram (22K).
With stable economic conditions and ongoing festive activity, the metal is expected to maintain strong support levels in the coming weeks.
