Big Jump In Mumbai Gold Rate Today, 'Rich Dad Poor Dad' Author Urges To Bet in Gold As ‘Biggest Crash’ Arrives

Mumbai Gold Rate Today: There was a sharp jump in the prices of gold and silver in Mumbai on Wednesday, November 26. The recent surge in precious metals domestically and internationally amid heightened expectations of a December Federal Reserve rate cut.

The prices of 24 karat, 22 karat, and 18 karat gold surged significantly for the second consecutive day this week. As the precious metal is regaining its momentum, 'Rich Dad, Poor Dad' author Robert Kiyosaki has urged people to invest in gold and silver amid fear of the stock market crash.

Back in Mumbai and other Indian cities, the gold and silver will remain in demand due to the ongoing wedding season and its appeal as a safe-haven asset. Here are the latest gold and silver rates today in Mumbai.

Mumbai Gold Rate Today

The price of 24 karat gold in Mumbai increased by Rs 87 per gram to Rs 12,791 per gram on Wednesday. The rate of 22 karat gold in Mumbai surged by Rs 80 per gram to Rs 11,725 per gram. Likewise, the rate of 18 karat gold in Mumbai jumped over Rs 65 per gram to Rs 9,593 per gram.

Mumbai Silver Rate Today

The price of silver in Mumbai increased to Rs 169 per gram and to Rs 1,69,000 per kilogram. Silver rate in Mumbai and other Indian cities has surged significantly over the past few months. The trend coincides with strong global demand because of the industrial outlook and supply side constraints.

"Gold's trajectory will depend on developments such as deeper monetary easing, geopolitical disruptions, or a sustained drop in real yields-all of which could reinforce momentum. On the flip side, a firmer U.S. dollar, rising real interest rates, or cooler central-bank demand may limit gains or trigger corrective phases," noted Ross Maxwell, Global Strategy Lead at VT Markets.

'Time to buy more gold, silver, Bitcoin and Ethereum': Robert Kiyosaki

'Rich Dad Poor Dad' fame Robert Kiyosaki has been warning about the stock market crash for over past few months. Recently, the author warned that the 'biggest stock market crash' has arrived. He also urged investors to buy 'more gold, silver, bitcoin and ethereum'.

"In 2013 I published RICH DADs PROPHECY predicting the biggest crash in history was coming. Unfortunately that crash has arrived. It's not just the US. Europe and Asia are crashing. AI will wipe out jobs and when jobs crash office and residential real estate crashes. Time to buy more gold, silver, Bitcoin and Ethereum. Silver is the best and the safest," stated Kiyosaki in a social media post.