The gold rate today Mumbai continues to climb, reaching close to its all-time high amid strong festive demand and global economic uncertainty. On Monday, October 6, 2025, the price of 24-carat gold in Mumbai stood at ₹12,077 per gram, up ₹137 from the previous day, according to data published by The Indian Express and GoodReturns.
This marks the highest level in weeks, driven by increased local demand during the Navratri season and concerns over inflation and geopolitical tensions pushing global investors toward safe-haven assets like gold.
Gold Rate Today in Major Indian Cities
The gold rate today Mumbai matched prices in other metro cities including Hyderabad, Chennai, and Delhi. The 24-carat gold price across major cities was as follows:
- Mumbai: ₹12,077 per gram
- Delhi: ₹12,092 per gram
- Hyderabad: ₹12,077 per gram
- Chennai: ₹12,066 per gram
- Kolkata: ₹12,077 per gram
For 22-carat gold, prices were ₹11,070 per gram in Mumbai and similar across other key cities. Meanwhile, 18-carat gold in Mumbai was priced at ₹9,058 per gram, showing an increase of ₹103 from Sunday.
This consistent rise across regions highlights a broader national trend as gold prices surge amid festive buying and robust retail demand.
Gold Price Today Delhi and Other Cities Also Rise
The gold price today Delhi followed the same bullish trajectory, rising by ₹137 for 24-carat gold. In Chennai, the gold rate today Chennai reached ₹12,066 per gram for 24K and ₹11,060 per gram for 22K gold, reflecting steady growth in southern markets.
Similarly, the gold rate today Hyderabad rose to ₹12,077 for 24K and ₹11,070 for 22K gold, while smaller cities like Ahmedabad, Patna, and Jaipur also recorded price hikes between ₹120 and ₹140 per gram.
Experts attribute this uniform increase to global market factors, including concerns about U.S. fiscal policies, the potential for a government shutdown, and persistent inflationary pressures. These elements have strengthened gold’s position as a preferred investment.
Why Gold Prices Are Rising
Analysts say the surge in the gold rate today Mumbai and other major cities is largely due to safe-haven demand and festive season purchases. October traditionally marks a strong period for gold sales in India, with Navratri, Dussehra, and Diwali prompting high retail demand.
In addition, global investors are turning toward precious metals due to volatility in equity markets. The weakening of the U.S. dollar and speculation over possible interest rate cuts have further bolstered gold’s global appeal.
According to market experts, gold has gained over 15% in 2025 so far, supported by central bank buying and investor sentiment toward tangible assets.
Gold Rate Trends: What to Expect Ahead
As per analysts, the gold rate today Mumbai could continue to fluctuate within a narrow range but is likely to stay elevated due to festive momentum. If global uncertainty persists, domestic gold prices might breach new record highs later this month.
Traders expect 24K gold to touch ₹12,200–₹12,300 per gram in Mumbai before Diwali, while 22K gold could move above ₹11,100 per gram.
Financial advisors suggest that investors maintain a balanced portfolio, allocating a portion to gold for inflation protection and long-term stability.
How Different Carats Affect Gold Prices
Gold purity levels directly affect the price:
- 24K Gold: Purest form, mostly used for investment (₹12,077 per gram in Mumbai)
- 22K Gold: Contains small alloy content, ideal for jewelry (₹11,070 per gram)
- 18K Gold: Used in designer ornaments and accessories (₹9,058 per gram)
Consumers looking to buy gold jewelry or coins this week are advised to monitor daily fluctuations and compare city-wise rates before making purchases.
Gold Rate Today Mumbai Reflects Strong Demand
The steady rise in the gold rate today Mumbai reflects a combination of global economic tension and India’s seasonal buying rush. With prices hovering near record levels, gold remains a crucial part of both festive shopping and investment portfolios.
Experts predict that the trend may continue through the upcoming holiday season as buyers return to the market with renewed enthusiasm.
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