Gold prices in Mumbai have shown fluctuations after the announcement of India Budget 2025. As one of the leading markets for gold trading, Mumbai’s gold prices are influenced by global trends, government policies, and local demand. The budget has introduced new policies that may impact gold imports, taxes, and overall pricing. Here’s a comprehensive update on the Mumbai gold rate post-budget and its implications for buyers and investors.
Current Gold Rate in Mumbai (February 8, 2025)
- 22K Gold Rate (10 grams): ₹79,317 (-₹20)
- 24K Gold Rate (10 grams): ₹86,527 (-₹20)
The price of 22K gold per gram in Mumbai is ₹7,931.70, while 24K gold per gram is ₹8,652.70. These prices have witnessed slight fluctuations due to market adjustments post-budget.
Gold Price Trends in Mumbai Over the Last 10 Days
| Date | 22K Gold (₹/gram) | Change (₹) | 24K Gold (₹/gram) | Change (₹) |
|---|---|---|---|---|
| 2025-02-07 | 7,933.70 | +25 | 8,654.70 | +27 |
| 2025-02-06 | 7,908.70 | +95 | 8,627.70 | +104 |
| 2025-02-05 | 7,813.70 | +107 | 8,523.70 | +117 |
| 2025-02-04 | 7,706.70 | -40 | 8,406.70 | -44 |
| 2025-02-03 | 7,746.70 | -1 | 8,450.70 | -1 |
| 2025-02-02 | 7,747.70 | +14 | 8,451.70 | +15 |
| 2025-02-01 | 7,733.70 | +120 | 8,436.70 | +131 |
| 2025-01-31 | 7,613.70 | +15 | 8,305.70 | +17 |
| 2025-01-30 | 7,598.70 | +87 | 8,288.70 | +94 |
| 2025-01-29 | 7,511.70 | -30 | 8,194.70 | -32 |
Impact of India Budget 2025 on Gold Prices in Mumbai
- Custom Duty Changes: The budget has revised import duties, influencing gold rates in Mumbai. Any increase in duty can lead to higher domestic prices.
- GST Adjustments: Changes in Goods and Services Tax (GST) on gold directly impact retail prices.
- Rupee Fluctuations: If the Indian Rupee weakens against the US Dollar, gold imports become costlier, raising Mumbai’s gold price.
- Global Gold Market Trends: International gold prices play a crucial role in determining Mumbai’s gold rate.
Should You Buy Gold in Mumbai After Budget 2025?
Investing in gold post-budget depends on various factors, including market demand, global prices, and government policies. If the trend shows a declining phase, investors can wait for a further dip before purchasing. However, if prices stabilize, it might be a good time to invest in gold jewelry or digital gold.
Final Thoughts
The gold rate in Mumbai after Budget 2025 has shown slight fluctuations. If you plan to invest, it is recommended to monitor daily price movements and consider long-term investment strategies. Keep an eye on global gold trends and government policies that may impact future prices.
FAQs on Gold Rate in Mumbai After Budget 2025
The budget has influenced gold prices by adjusting import duties, GST, and other economic factors. These changes can lead to price fluctuations.
It depends on market trends. If prices are stabilizing or expected to rise, it may be a good time to invest.
You can check live gold prices on the Multi Commodity Exchange (MCX), jeweler associations, and trusted financial news websites.
Gold rates are affected by global market trends, government policies, import duties, GST rates, and the Indian Rupee’s strength against the US Dollar.
Gold prices fluctuate multiple times a day based on market demand, international rates, and economic policies.
Disclaimer: This article provides general information and analysis. It is not financial advice. Consult with a qualified financial advisor before making any investment decisions.
