Mumbai Gold & Silver Prices On February 12: Is It Cheaper Or Costlier Today?

Gold and silver prices in Mumbai witnessed a decline on Thursday morning, February 12, 2026, reflecting weak global cues and subdued demand in the domestic bullion market.

As of 10:15 am, 24 Karat gold in Mumbai is priced at Rs 1,57,900 per 10 grams, marking a drop of Rs 740 (-0.47%) compared to the previous session. The precious metal continues to trade below the recent peak levels, offering slight relief to buyers amid ongoing price volatility.

Gold Rates in Mumbai Today

According to the latest update, the detailed gold rates across various purities are as follows:

24 Karat Gold

Rs 15,790 per gram
Rs 1,57,900 per 10 grams
Rs 4,47,639 per ounce
Rs 15,790,000 per kilogram

22 Karat Gold

• Rs 14,474 per gram
• Rs 1,44,742 per 10 grams

20 Karat Gold

• Rs 13,158 per gram
• Rs 1,31,583 per 10 grams

18 Karat Gold

• Rs 11,843 per gram
• Rs 1,18,425 per 10 grams

14 Karat Gold

Rs 9,211 per gram

Rs 92,108 per 10 grams

Jewellery buyers typically prefer 22 Karat gold, while 24 Karat is considered ideal for investment purposes due to its higher purity. The marginal fall in prices may encourage retail purchases, especially with wedding season demand expected to gradually pick up in the coming weeks.

The price comparison shows that 24 Karat gold was previously trading at Rs 1,58,640 per 10 grams, indicating today's correction of 0.47 percent.

Silver Prices in Mumbai Today

Silver prices also saw a sharper decline compared to gold. Silver 999 Fine is currently trading at Rs 2,60,430 per kilogram, down by Rs 2,840 (-1.08%) from the previous rate of Rs 2,63,270 per kg.

Here are the latest silver rates:

Silver 999 Fine

• Rs 260 per gram
• Rs 2,604 per 10 grams
• Rs 26,043 per 100 grams
• Rs 2,60,430 per kilogram

Silver 925 Sterling

• Rs 240,898 per kilogram

Silver 900 Coin

• Rs 2,34,387 per kilogram

Silver 800 German

• Rs 2,08,344 per kilogram

Silver tends to be more volatile than gold due to its dual role as both a precious and industrial metal. The over 1 percent dip suggests pressure from international markets and possibly profit-booking by traders.

Bullion traders indicate that price movements are largely influenced by global gold rates, fluctuations in the US dollar, bond yields, and geopolitical developments. Any shift in international trends could quickly reflect in domestic prices.

For investors, the current dip may present a buying opportunity, particularly for long-term holdings. However, analysts advise keeping an eye on global signals before making large purchases.

With both gold and silver trading lower today, Mumbai's bullion market has opened on a softer note, giving buyers a modest window of opportunity amid ongoing market fluctuations.