Mumbai, one of the most prominent gold markets in India, entered in September 2025, with prices increasing after a strong August performance. Many investors track Gold Prices in Mumbai to plan purchases and investments wisely.
With Ganesh Chaturthi and the wedding season approaching, demand for gold jewellery has spiked across all purities.
The premium 24-karat gold has started September on a strong note. On September 2, 2025, it is priced at Rs 10,589 per gram, up Rs 94 from the closing rate of Rs 10,495 on August 31. Buyers opting for bulk purchases will now pay Rs 1,05,890 for 10 grams and Rs 10,58,900 for 100 grams.
The 24K Gold Rate Today reflects global market trends and local demand. This continues the bullish run from August, when 24K gold rose by 5.14 percent, climbing from Rs 9,982 on August 1 to Rs 10,495 on August 31.
The most popular choice for jewelry, 22-karat gold, has also gained steadily. On September 2, 2025, the rate is Rs 9,706 per gram, up Rs 86 from August’s closing price of Rs 9,620. Ten grams of 22K gold now costs Rs 97,060, while 100 grams is valued at Rs 9,70,600.
Shoppers often compare the 22K Gold Rate when selecting jewelry or coins. In August, prices moved up by 5.14 percent, starting at Rs 9,150 per gram on August 1 and reaching Rs 9,620 by the end of the month. The festive demand is expected to push this trend higher in the coming weeks.
18-karat gold, popular for lightweight jewelry and modern designs, has seen an increase. The price on September 2, 2025, is Rs 7,942 per gram. The price for 10 grams is Rs 79,420, and for 100 grams, it is Rs 7,94,200.
Jewelers update the 18K Gold Price regularly for accurate pricing of ornaments. Although less expensive than higher purities, demand for 18K gold remains strong as it is cheap and appealing during festive shopping.
Gold's rise is a result of a mix of domestic and global factors. There is an increase in jewelry demand during the Ganesh Chaturthi and wedding seasons. The global economic uncertainty and currency fluctuations are prompting investors to invest in gold as a safe haven. Additionally, many are turning to gold as a hedge against volatility in equity markets.
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The prospects for gold prices in Mumbai remain bullish. With demand from both jewelry buyers and investors expected to rise, analysts suggest demand could remain strong through the festive period. For buyers, locking current prices may be wise before the next surge. Investors can consider gold a reliable store of value.
Keeping an eye on the Gold Rate helps buyers make timely and cost-effective decisions. As of September 2, 2025, gold is traded in Mumbai at the following rates: Rs 10,589 per gram for 24K, Rs 9,706 per gram for 22K, and Rs 7,942 per gram for 18K. Prices are looking positive for the weeks ahead.