Mumbai Gold Rate Today Takes A U-Turn! 24K Jumps Rs 420 Above Historic Rs 1.3 Lakh Mark; Check 8 Dec Rates

Mumbai Gold Rate Today: The price of gold in Mumbai saw a sharp revival on Monday, December 8, after witnessing some correction last week. While gold rate jumped today, silver prices saw some correction. The prices of gold revived on Monday in synchronization with the surge in overall international rates.

The surge in gold rates today has come as a major deterrent for those who were planning to purchase jewellery amid the ongoing wedding season. Gold often sees a strong demand in Mumbai, and for those who are tracking the latest prices, here are all the details.

Mumbai Gold Rate Today

The price of gold jumped significantly on Monday. The price of 24 karat gold in Mumbai increased by Rs 27 per gram to Rs 13,042 per gram. Likewise, the rate of 22 karat gold in Mumbai jumped by Rs 25 per gram to Rs 11,955 per gram. Similarly, the price of 18 karat gold in Mumbai surged by Rs 21 per gram to Rs 9,782 per gram.

Mumbai Silver Rate Today

The price of silver in Mumbai saw some correction. The price of silver in Mumbai declined to Rs 189 per gram and to Rs 1,89,000 per kilogram. Silver prices in Mumbai and across the country has surged significantly since the beginning of the year 2025 due to strong industrial demand and supply side constraints.

Will Gold Rate Continue To Rally This Week?

Experts believe that the prices of gold may see further rally during the week ahead of the upcoming United States Federal Reserve meeting. "Gold remains well-positioned for further gains, supported by expectations that Federal Reserve (Fed) may cut interest rates soon. If gold holds near its support levels, as noted earlier, a rebound seems likely. Recent data shows 24 K gold in India rising to around ₹130,460 per 10 grams," noted Ross Maxwell, Global Strategy Lead at VT Markets.

"Given its growing role in industry (solar, electronics) plus safe-haven and speculative demand, silver's upside appears stronger than gold's over the next few months.
Gold continues to look like a safe haven and medium-term hedge, bullish if it respects key support zones. Silver, on the other hand, may offer higher returns in the near-term, potentially outperforming gold if global demand and rate-cut expectations persist," Maxwell added.

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