Massive Crash In Mumbai Gold Rate Today! 24K Falls Rs 2,620 In A Day; Silver Slides, All Eyes On US CPI Data

Mumbai Gold Rate Today: The price of 24-karat gold in Mumbai fell sharply on Friday, February 13, tracking a broader pullback in global precious metal prices amid uncertainty surrounding the US Federal Reserve's rate-cut trajectory and ongoing geopolitical tensions. Stronger-than-expected US jobs data dampened investor sentiment toward safe-haven assets and temporarily halted gold's recent rally.

Back in Mumbai, sharp decline in gold and silver rate on Friday is likely to offer a lucrative opportunity to make purchases after the massive rally in January. For those who are closely tracking Mumbai gold rate today, here are latest details about it.

Mumbai Gold Rate Today

The price of 24 karat gold in Mumbai declined by Rs 262 per gram to Rs 15,578 per gram. The rate of 22 karat gold in Mumbai fell by Rs 240 per gram to Rs 14,280 per gram. The rate of 18 karat gold in Mumbai declined by Rs 196 per gram to Rs 11,684 per gram.

"Gold is pulling back from the recent high as profit-taking begins. This is in spite of a positive overall sentiment, where there are strong chances that the precious metal is on the verge of a long bull run motivated by uncertainty and rising policy trends. Overall, although the price is trading erratically, investors are remaining positive and seeking long-term gains from the precious commodity," explained 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 tracked the recent decline. Mumbai silver rate today fell by Rs 15 per gram to Rs 280 per gram and to Rs 2,80,000 per kilogram. Silver has delivered robust returns in the year 2025 and showcased massive volatility in January month of the year 2026.

"The price is trending downward as traders reduce exposure in response to a good rally. Although the price seems to have experienced a correction, it is expected to remain strong in the long term as it is backed by certain factors and trends. All these trends suggest that silver will remain positive in the context of its upcycle," Kamboj added.

While gold and silver's recent decline has come against the backdrop of the release of strong US jobs data, all focus will be on US inflation data (for January 2026), scheduled to be released later in the day.

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