Gold & Silver Price In Mumbai Today: What Is Cheaper & What is Costlier On Feb 16?

Gold and silver prices in Mumbai witnessed a decline on Monday, February 16, 2026, offering some relief to buyers even as precious metals continue to trade at historically elevated levels. According to the latest update at 9:40 AM, both gold and silver registered notable drops compared to previous rates, reflecting global market volatility and fluctuating investor sentiment.

Gold prices fall across purity levels

The price of 24 Karat gold, considered the purest form, stood at ₹15,446 per gram and ₹1,54,460 per 10 grams in Mumbai. On a larger scale, 100 grams of 24 Karat gold cost ₹15,44,600, while one kilogram was priced at ₹1,54,46,000. The price of one ounce was recorded at ₹4,37,887, and one tola at ₹1,80,159, as per the Bullions website data.

Similarly, 22 Karat gold, which is widely used for jewellery making due to its durability, was priced at ₹14,159 per gram and ₹1,41,588 per 10 grams. The rate for 100 grams stood at ₹14,15,883, while one kilogram cost ₹1,41,58,833. One ounce of 22 Karat gold was priced at ₹4,01,396, and one tola at ₹1,65,146.

Other purity levels also followed the same trend. The rate of 20 Karat gold was ₹12,872 per gram, while 18 Karat gold was priced at ₹11,585 per gram. Meanwhile, 14 Karat gold stood at ₹9,010 per gram, and 10 Karat gold was available at ₹6,436 per gram.

Gold records over 1% decline

Data shows that 24 Karat gold prices fell to ₹1,54,460 per 10 grams, marking a decline of 1.14% compared to the previous rate of ₹1,56,240 per 10 grams. Market experts attribute the fall to global price corrections, profit booking by investors, and movements in the US dollar, which often influence domestic bullion rates.

Despite the fall, gold continues to remain expensive compared to last year, reflecting its strong demand as a safe-haven asset amid economic uncertainty and inflation concerns.

Silver sees sharper drop of 3.5%

Silver prices in Mumbai also witnessed a steeper fall than gold. The price of 999 fine silver stood at ₹237 per gram and ₹2,370 per 10 grams. The rate for 100 grams was ₹23,702, while one kilogram of silver cost ₹2,37,020. One ounce of silver was priced at ₹6,719, and one tola at ₹2,765.

Other variants also showed similar pricing trends. Sterling silver (925 purity) was priced at ₹219 per gram, while 900 coin silver stood at ₹213 per gram. German silver (800 purity) was priced at ₹190 per gram.

According to the data, silver prices dropped sharply by 3.50%, falling from ₹2,45,610 per kilogram to ₹2,37,020 per kilogram.

What it means for buyers

The decline in prices could encourage jewellery buyers and investors to consider fresh purchases, especially with the wedding season and festive demand expected to support bullion sales. Lower prices are often seen as an opportunity for long-term investors to accumulate gold and silver.