BIG Fall In Mumbai Gold Rate Today In Navratri! Will Gold Rally Continue In 2025 With Non-Stop Monthly Gains?

Mumbai Gold Rate Today: In a major delight for buyers willing to purchase gold during the Navratri celebrations, the prices of gold fell significantly on Wednesday, September 24. While gold dipped, silver prices remained largely stable.

Both metals have attracted widespread attention this year due to their impressive rally in 2025. The continuous monthly gains in gold have left many wondering: Will this upward trend continue for the rest of the year?

The trend of gold buying in Mumbai, and other Indian cities witnessed a significant slowdown in 2025 because of its stark rally. As many consider gold buying during festival season as a symbol of prosperity, the September 24's fall in gold rate can offer a lucrative opportunity.

Mumbai Gold Rate Today

The price of 24 karat gold in Mumbai declined by Rs 32 per gram to Rs 11,537 per gram. With this, the price of 24 karat gold in Mumbai stood at Rs 1,15,370 per 10 gram on Wednesday. The price of 22 karat gold in Mumbai fell by Rs 30 to Rs 10,575 per gram. Likewise, the price of 18 karat gold in Mumbai slid by Rs 24 per gram to Rs 8,653 per gram.

"Recently, gold has kept rising, aided by America's growing expectation of interest-rate cuts and subsequent dollar weakness. Domestic demand has also picked up due to festival season and safe-haven buying amid international trade concerns. Analysts see this partly as a reflection of international expectations around recession and the Fed through local factors like rupee depreciation," noted Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

Mumbai Silver Rate Today

The price of silver remained stagnant on Thursday. Mumbai silver rate stood at Rs 140 per gram and Rs 1,40,000 per kilogram.

Despite stability in their rates on Wednesday, silver prices are currently hovering near their all-time high mark driven by strong industrial demand, and attractive valuations against gold.

"The rally has been supported by a combination of factors, including pressure from currency moves, strengthening international silver benchmarks, and more domestic purchases as buying surged on the potential for further increases. Nevertheless, silver is usually more volatile than gold; it is always possible that an unexpected drop in global industrial demand or two or three negative macroeconomic reports could create a short-term correction," explained Kamboj.

Gold Continues Its 9-Month Streak!

The stellar rally in the prices of gold this year, has helped the yellow metal in crossing another benchmark. For the first time in twenty years, gold prices have recorded back-to-back 9-monthly gains since the beginning of the year 2025.