Mumbai Gold Rate Today: On Tuesday, 02 June 2026, the Price of 24-carat, 22-carat and 18-carat gold in Mumbai stood at Approximately ₹1.56 Lakh per 10 grams. Additionally, the price of silver in Mumbai today was approximately ₹2.80 Lakh per kilogram. While gold rate in Mumbai city remained stable today, the preciou metal had witnessed a Minor Correction in recent session due to Prevailing weak trend in both domestic and global Bullion market.
Amid expectation of an interest rate hike during the Federal Reserve Bank (US Fed) upcoming Meeting in June, investor are shifting their Outlook regarding gold. Meanwhile in Mumbai, Lakh of High Net Worth Individuals (HNIs) Closely Monitor gold rate on a daily basis.
Mumbai Gold Rate Today
On Tuesday, the price of 24-carat gold in Mumbai remained steady at ₹15,621 per gram. Similarly, the price of 22-carat gold in Mumbai today stood at ₹14,319 per gram. The rate for 18-carat gold in Mumbai today was ₹11,716 per gram. After Witnessing Significant Monthly gain throughout May, gold price in Mumbai and acros India Experienced a major Correction on Monday 01 June 2026.
Mumbai Silver Rate Today
Silver price in Mumbai also remain stable. Today, the Price of Silver in Mumbai was ₹280 per gram and ₹2,80,000 per kilogram. Follow a record breaking Surge in January which was Subsequently followed by a sharp decline silver price have demonstrated a degree of stability over the Past few months.
Gold price opened the week on a weak note. The Primary factor Contributing to this trend were a strengthening US dollar Currently trading at a lifetime high and Fresh geopolitical Uncertaintie. This Uncertainty arose when Iran Announced a halt to Negotiations with the Donald Trump administration. This decision was taken in the wake of Recent military strikes and Israel escalating military operation in Lebanon.
Market Sentiment which had recently improved on hope of an imminent Peace agreement between the U.S. and Iran turned cautiou following Another round of Military tension over the Weekend, noted Manav Modi, a Commoditie analyst at Oswal Financial Services Ltd. The Recent decline in gold price occurred because the preciou metal failed to attract investor as a (safe haven asset) as investor Continue to favor the U.S. Dollar and risk Asset. Furthermore, Modi Pointed out that this recent shift in trend has emerged amidst rising inflation expectation, which suggests that interest rates are likely to remain elevated for an extended period. He also noted that the U.S. Purchasing Manager Index (PMI) Largely remained in line with Expectation.
Disclaimer: The gold and Silver rate Published on Moneymintidea are for informational purpose only and may vary based on the City, jeweler, Making charge and Prevailing Bullion Market Condition. While we strive to provide Accurate and up to date Price Moneymintidea does not guarantee the completeness or accuracy of these rate. All user are advised to Verify price with their Local jeweler before Making any decision regarding the Purchase or investment in gold and Silver. Neither the Moneymintidea team nor its Member shall be held liable for any losses incurred as a result of using this Information.
