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Gold price updates: Prices in Mumbai goes up at Rs 1.43 lakh for 10 grams

Updated on: 18 January,2026 11:54 AM IST  |  Mumbai
mid-day online correspondent |

Indian household wealth saw a sharp rise in 2025, driven largely by soaring gold prices. Gold jumped by nearly Rs 57,000 per 10 grams during the year, lifting household wealth by Rs 117 lakh crore and creating a strong wealth effect across the economy.

Gold price updates: Prices in Mumbai goes up at Rs 1.43 lakh for 10 grams

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Gold price updates: Prices in Mumbai goes up at Rs 1.43 lakh for 10 grams
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The Indian market this week saw a significant jump in their wealth in 2025, driven mainly by a sharp rise in gold prices, a new report said earlier on Friday.

Gold prices rose by around Rs 57,000 per 10 grams in 2025 till December 15, after already increasing by Rs 14,000 per 10 grams in 2024. Talking about the domestic gold prices, the price of 24-carat gold in Mumbai on Sunday was recorded at Rs 143,920 for 10 grams. 


The data from one of the reports also said household wealth increased by nearly Rs 117 lakh crore, or about USD 1.3 trillion, during the calendar year, creating a strong spending buffer for families. This sharp rise has created a strong positive wealth effect, with retail loans against gold also seeing a noticeable increase.



Gold prices in Mumbai

While the demand for the yellow metal has been significant even though the price continues to see a spike, the customers are continuing to invest their money. The price of 24-carat gold in Mumbai was recorded at Rs 143,920 for 10 grams, while the 22-carat gold on Sunday was sold at Rs 131,940. 

Gold price in major cities 

In the national capital Delhi, as well as Jaipur, Lucknow and Chandigarh, gold prices were slightly higher, with 24-carat gold at Rs 144,060 for 10 grams, 22-carat gold at Rs 132,080 for 10 grams and 18-carat gold at Rs 108,045 for 10 grams. Meanwhile, in Ahmedabad, Vadodara, Surat and Patna, 24-carat gold was priced at similar prices. 

The report published by a financial institution said that gold clearly stood out as a safe asset at a time when equities faced pressure, as reported by IANS. 

Nifty and Sensex

The Nifty underperformed global peers and emerging markets by around 25 per cent, marking its worst relative performance in nearly three decades. This correction has brought India’s valuation premium closer to its long-term average, reported IANS. Gold in the global market

Globally, gold, emerging markets, Europe and the so-called “Magnificent 7” stocks were among the top performers in 2025. In contrast, oil, the US dollar and Bitcoin were among the worst-performing assets during the year. The report further noted that after several years of strong gains, small- and mid-cap stocks underperformed large-cap stocks in 2025.

(With inputs from IANS)

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