Gold rate today mumbai: Unprecedented Surge Amidst Market Instability

On 2 March, the price of gold surged dramatically as markets opened, driven by ongoing conflicts in Iran and escalating tensions throughout the Middle East. The instability in the stock market prompted investors to flock to gold, pushing its rates to unprecedented heights as they sought refuge in safe-haven assets.

Today, the gold rate in Mumbai reached $5,400 per ounce, reflecting an intraday rise exceeding 2.50%.

Current Gold Prices in Mumbai

Today, the gold rate in Mumbai commenced at ₹1,65,501 for every 10 grams and reached an intraday peak of ₹1,67,915 per 10 grams, marking an increase of over ₹5,500 per 10 grams shortly after the market opened.

Check out the current gold rates in your city today, including Delhi, Mumbai, Kolkata, and Chennai.

The gold rate today in Mumbai has increased, reflecting a rise in the overall gold prices across India. The cost of 24 karat gold in Mumbai reached ₹1,67,070 for every 10 grams, marking a significant jump of ₹4,880 compared to the previous day. Additionally, the price for 22 karat gold in Mumbai stood at ₹1,53,148 per 10 grams, while the 18 karat gold rate was ₹1,25,303.

Factors Driving Gold Prices

The gold price in Delhi has risen today, mirroring the general increase in gold rates throughout India. The cost of 24 karat gold in Delhi is now ₹1,66,740 for every 10 grams, which is an increase of ₹4,830 compared to yesterday. Additionally, the 22 karat gold price in Delhi stands at ₹1,52,845 per 10 grams, while the 18 karat gold rate is ₹1,25,055.

The gold prices in Kolkata have surged by more than 1% today, reflecting a similar pattern observed in other prominent Indian cities. Currently, the cost of 24 karat gold in Kolkata is ₹1,66,740 for every 10 grams, which is an increase of ₹4,760 from the previous day. Additionally, the price for 22 karat gold in Kolkata is ₹1,52,845 per 10 grams, while the 18 karat gold rate is ₹1,25,055.

The gold prices in Bangalore have risen today. The cost of 24 karat gold in Bengaluru is now ₹1,67,090 for every 10 grams, reflecting an increase of ₹4,770. Meanwhile, the price for 22 karat gold in the city stands at ₹1,53,166 per 10 grams. Additionally, the rate for 18 karat gold in Bengaluru is ₹1,25,318.

Comparison with Other Cities

The gold prices in Hyderabad experienced a significant increase today, reflecting both national and international market trends. The cost of 24 karat gold in Hyderabad reached ₹1,67,230 for every 10 grams, marking a rise of ₹4,780 compared to the previous day. Meanwhile, the price for 22 karat gold stood at ₹1,53,294 per 10 grams, and the 18 karat gold was valued at ₹1,25,423.

The gold price in Chennai saw a significant increase today, climbing by ₹4,790 for every 10 grams. Currently, the rate for 24 karat gold in Chennai is ₹1,67,450 per 10 grams. Meanwhile, the price for 22 karat gold stands at ₹1,53,496 per 10 grams, and the 18 karat gold rate is ₹1,25,588.

The gold prices in Ahmedabad have surged today, mirroring trends in other cities. The cost of 24 karat gold in Ahmedabad reached ₹1,67,180 for every 10 grams, an increase of ₹4,770. Meanwhile, the price for 22 karat gold in the city stood at ₹1,53,248 per 10 grams, and the 18 karat gold rate was ₹1,25,385.