BIG Jump In Mumbai Gold Rate Today, 24K Shoots Rs 11,400/100 Gm In A Day, Silver Shines Too! Check 2 Jan Rates

Mumbai Gold Rate Today: There was a sharp jump in the price of gold and silver in Mumbai and other Indian cities on Friday, January 2, as the precious metals' prices recovered strongly after the recent dip.

The sharp rebound in gold and silver rates in Mumbai today has come as a major setback for the jewellery buyers, who are planning to make purchases amid the ongoing wedding season.

Mumbai Gold Rate Today

The price of 24 karat gold in Mumbai jumped by Rs 114 per gram to Rs 13,620 per gram on Friday, January 2. The rate of 22 karat gold in Mumbai surged by Rs 105 per gram to Rs 12,485 per gram to Rs 12,485 per gram. Likewise, the rate of 18 karat gold in Mumbai increased by Rs 86 per gram to Rs 10,215 per gram.

"Gold is easing off recent highs, with some profit-taking setting in after the strong year-end rally. The correction does appear more corrective than trend-changing, though, with broader sentiment still underpinned by global uncertainty and expectations for easier monetary conditions. With markets considering year-end positioning, gold is likely to undergo a period of consolidation, although the fundamental demand continues to support it," stated Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

Mumbai Silver Rate Today

The price of silver in Mumbai also saw a rebound on Friday. Mumbai silver rate today surged to Rs 242 per gram and Rs 2,42,000 per kilogram. Silver price in Mumbai and across India has surged nearly 170% since the beginning of the year 2026.

"The price of silver is easing after the sharp rise as traders lock in gains after an exceptional rally this year. Despite this pullback, sentiment remains constructive on the back of strong industrial demand and a sustained interest by investors. In the near term, silver can see choppy movement, but the broader outlook stays positive given its strong performance over the year," noted Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.