Massive Fall in Mumbai Gold Rate Today: 24K Crashes by Rs 820/10 Gram, Silver Down Too | Check June 1 Rate

Mumbai Gold Rate Today: The price of 24 karat, 22 karat and 18 karat gold in Mumbai saw a sharp decline on Monday, June 1. While the gold rate today saw a sharp decline, the silver price today in the Maharashtra capital remained stable. The massive surge in gold rate today in Mumbai came as the international gold rate today remained steady during the trading session.

Mumbai Gold Rate Today

The price of 24 karat gold in Mumbai declined by Rs 82 per gram to Rs 15,622 per gram, as per Goodreturns data at 1 pm on Monday, June 1. The rate of 22 karat gold in Mumbai fell by Rs 75 per gram to Rs 14,320 per gram. Likewise, the rate of 18 karat gold in Mumbai declined by Rs 61 per gram to Rs 11,717 per gram.

Mumbai Silver Rate Today

The price of silver in Mumbai remained unchanged on Monday. Silver rate today in Mumbai stood at Rs 280 per gram and at Rs 2,80,000 per kilogram. SIlver price in Mumbai and across India saw massive volatility in January and February however the white metal showcased range-bound movement in March, April and May.

"In today's commodity markets, gold prices slipped to $4,550.10 per ounce (approximately ₹1,38,748 per 10 grams), reflecting a 0.23% decline as inflation concerns loom large amid rising crude oil prices and ongoing uncertainties surrounding US-Iran talks. Silver, on the other hand, showed resilience, gaining 0.61% to reach $76.08 per ounce (around ₹2,31,993 per kg), driven by safe-haven buying amidst geopolitical tensions," stated Gaurav Garg, research analyst at Lemonn markets desk.

"The interplay of these factors has created a mixed sentiment in precious metals, with investors closely monitoring developments that could impact market dynamics," Garg added.

International Gold Rate Today

Gold prices held just above 4,500 USD per troy ounce on 1 June 2026 after a turbulent week, as investors weighed slow-moving ceasefire talks between the United States and Iran, the outlook for US interest rates, and still-elevated geopolitical and inflation concerns.

Trading data showed spot gold at 4,504.01 USD/t.oz on 1 June 2026, down 0.82% from the previous session. The metal has slipped 0.42% over the past month, yet remains 33.19% higher than a year earlier, according to contracts for difference (CFDs) that mirror the key global benchmark.

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