Gold & Silver Price Today In Mumbai On Feb 11: Gold Nearly 1%, Silver Jumps Over 2%

Gold and silver prices continued their upward momentum in Mumbai on Wednesday, February 11, reflecting firm global trends and steady domestic demand. As per the latest update at 11:20 am, both precious metals recorded noticeable gains, with silver outperforming gold in percentage terms.

Gold Rates in Mumbai Today

The price of 24 Karat gold in Mumbai is currently ₹15,788 per gram, taking the rate for 10 grams to ₹1,57,880. For bulk buyers, 100 grams cost ₹15,78,800, while 1 kilogram of 24K gold is priced at ₹1,57,88,000, as per the data on Bullions website.

In terms of other purity levels:

• 22 Karat gold stands at ₹14,472 per gram and ₹1,44,723 per 10 grams.
• 20 Karat gold is priced at ₹13,157 per gram.
• 18 Karat gold, commonly used in diamond jewellery, is selling at ₹11,841 per gram.

Lower purities such as 14K and 10K gold are available at ₹9,210 and ₹6,578 per gram respectively.

The per ounce price of 24K gold is ₹4,47,582, while one tola of 24K gold costs ₹1,84,148.

Gold Registers Nearly 1% Gain

Gold prices have seen a positive movement compared to the previous session. The rate of 24 Karat gold (per 10 grams) has risen to ₹1,56,510, marking a 0.88% increase. This steady rise is being attributed to supportive international cues, fluctuations in the US dollar, and continued investor interest in safe-haven assets amid global economic uncertainties.

Jewellers in Mumbai note that wedding season demand and retail buying are also providing support to prices, even as investors keep a close watch on global market developments.

Silver Outshines Gold

Silver has posted a sharper rally today. The rate of 999 fine silver in Mumbai is currently ₹260 per gram, which translates to ₹2,597 for 10 grams and ₹2,59,740 per kilogram.

Other variants include:

925 Sterling silver at ₹240 per gram.

900 Coin silver at ₹234 per gram.

800 German silver at ₹208 per gram.

The price of 999 silver per ounce is ₹7,364, while one tola costs ₹3,030.

Silver has recorded a notable jump, with the 999 fine silver (per kilogram) rate touching ₹2,52,830, reflecting a 2.73% increase. Analysts suggest that silver is benefiting from both investment demand and its industrial usage outlook, particularly in sectors such as electronics and renewable energy.

The upward movement in both gold and silver indicates a firm trend in the bullion market. While gold's gains remain steady and gradual, silver's sharper rise suggests increased trading activity and speculative interest.

Market watchers believe that volatility may continue in the coming days depending on global economic data, currency movements, and geopolitical developments. For investors, the current rally offers both opportunities and caution, as precious metals remain sensitive to international triggers.

With wedding purchases and investment demand staying strong, Mumbai's bullion market remains active, and traders are closely monitoring global cues for the next big move in prices.