Today Gold Rate in Mumbai is Rs. 40,310.40 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
As an investment, precious metals have always been considered safe and a highly liquid asset in India, keeping its demand high and soaring even when the prices are higher than usual. Mumbai, being the commercial capital of India, believes in investments and carrying assets as a measure to protect themselves against inflation and economic crisis. Mumbai happens to the commercial capital of India and is one of the most popular markets for gold. It ranks in the list of top Indian cities housing the maximum numbers of gold dealers and sellers. The trends in Gold price in Mumbai are similar to the international gold price. As Mumbai happens to be one of the most populous cities in the country, it also accounts for being one of the largest dealers of the metal. Gold rates in Mumbai are an indication of the purchasing patterns of a large number of gold buyers. Gold can be purchased in the city from some of the largest dealers in the country after doing thorough comparison for gold rate.
Mumbai, like all other Indian cities, boasts of several gold investment options — gold jewellery, coins, ornaments, bars and ingots. Apart from buying physical gold, the metal can also be traded as a commodity in the international and national markets. It can be traded on several commodity exchanges, such as Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX) and National Spot Exchange (NSEL), in India.