Gold & Silver Price In Mumbai On February 13: What Is Cheaper, What Is Costlier Today?

Gold prices in Mumbai surged sharply on Friday, February 13, reflecting strong investor demand and firm global cues. According to the latest update at 11:20 AM Bullions website, 24 Karat gold is trading at ₹1,54,100 per 10 grams, marking a significant jump of ₹1,800 or 1.18 per cent compared to the previous session.

The rally has brought renewed attention to the bullion market in Mumbai, one of India's largest hubs for gold trade. The precious metal, often seen as a safe-haven asset, has witnessed steady buying amid global uncertainties and firm international trends, which appear to be supporting domestic prices.

Gold Rates in Mumbai Today

As per the latest data, 24 Karat gold is priced at ₹15,410 per gram and ₹15,41,000 per 100 grams. On a larger scale, one kilogram of 24 Karat gold costs ₹1,54,10,000. The price of one ounce stands at ₹4,36,866, while one tola is quoted at ₹1,79,739.

Other purity levels have also registered gains:

22 Karat gold is priced at ₹1,41,258 per 10 grams.

20 Karat gold stands at ₹1,28,417 per 10 grams.

18 Karat gold is selling at ₹1,15,575 per 10 grams.

14 Karat gold is available at ₹89,892 per 10 grams.

10 Karat gold is priced at ₹64,208 per 10 grams.

The rise in gold prices comes after 24 Karat gold was quoted at ₹1,52,300 per 10 grams in the previous session, indicating a strong upward momentum in just a day.

Silver Prices Also Shine

Silver prices in Mumbai mirrored gold's upward movement, recording an even sharper percentage increase. Silver 999 fine is currently trading at ₹2,41,940 per kilogram, up by ₹4,270 or 1.80 per cent from the previous rate of ₹2,37,670 per kilogram.

On a smaller scale, silver is priced at ₹242 per gram and ₹2,419 per 10 grams. The price for 100 grams stands at ₹24,194, while one ounce is quoted at ₹6,859 and one tola at ₹2,822.

Other variants include:

Silver 925 Sterling at ₹2,23,795 per kilogram.

Silver 900 Coin at ₹2,17,746 per kilogram.

Silver 800 German at ₹1,93,552 per kilogram.

Bullion traders in Mumbai note that both gold and silver are witnessing increased interest from investors as well as retail buyers. With wedding season demand continuing and global economic factors influencing international bullion rates, domestic prices are reacting swiftly.

Market analysts suggest that fluctuations in the US dollar, bond yields, and geopolitical developments are playing a key role in shaping gold's trajectory. A softer dollar typically supports gold prices, while concerns over inflation and economic growth often drive safe-haven buying.

For investors, the current uptrend may signal cautious optimism. However, experts advise buyers to monitor global cues and currency movements closely, as bullion prices can remain volatile in the short term.

As of Friday morning, the precious metals market in Mumbai remains firmly in positive territory, with both gold and silver extending their gains and reinforcing their appeal among investors and jewellery buyers alike.