Maharashtra
Gold rate today in Mumbai
Check today's gold and silver prices in Mumbai—explained in simple terms. Whether you're buying jewellery or planning an investment, these reference prices help you compare purity levels and understand the market context.
Mumbai gold and silver prices
24K
(99.9%)
₹14,712 / g
Pure gold
10g rate
₹1,47,119
23K
(95.8%)
₹14,099 / g
High purity
10g rate
₹1,40,989
22K
(91.7%)
₹13,486 / g
Jewellery standard
10g rate
₹1,34,859
20K
(83.3%)
₹12,260 / g
Investment grade
10g rate
₹1,22,599
18K
(75.0%)
₹11,034 / g
Common jewellery
10g rate
₹1,10,339
14K
(58.3%)
₹8,582 / g
Durable jewellery
10g rate
₹85,819
10K
(41.7%)
₹6,130 / g
Low purity
10g rate
₹61,300
9K
(37.5%)
₹5,517 / g
Budget option
10g rate
₹55,170
Last updated:
Gold and silver in Mumbai
Mumbai’s gold market is among India’s most liquid, with strong connections to bullion imports, wholesale distribution, and a dense network of retail showrooms. Spot-linked INR prices here move with the same global drivers as elsewhere—US dollar strength, Treasury yields, crude oil, and risk sentiment—but local fabrication and branding can add to the final ticket price. Busy commercial corridors mean competition is high, yet two shops quoting the same “base” can still produce different totals because of design complexity, wastage assumptions, and promotional packaging.
Zaveri Bazaar and numerous high-street chains publish daily rates; consumers often compare 22K jewellery (common for ornaments) against 24K coins or bars when purity is the priority. Silver, widely used in utensils and festive items, is quoted per gram and can be more volatile in percentage terms than gold over short windows. If you are tracking both metals for a single event, consider building a small buffer in your budget for volatility rather than assuming yesterday’s board will match today’s invoice.
Before buying, clarify whether the rate is for pure metal only, how making charges apply, and whether the piece is hallmarked. Mumbai’s fast-paced environment rewards buyers who negotiate transparently and keep receipts for resale or exchange later. Corporate buyers and small businesses sometimes purchase in bulk for inventory; even then, the underlying spot link remains the same—only logistics and credit terms change the economics.
GoldRateRadar shows a reference INR-per-gram view aligned with widely used benchmarks so you can discuss quotes with confidence. Use these figures as a starting point for conversations with jewellers rather than a guarantee of a specific store’s board rate, which may include margins or promotions intraday. If you are comparing loans against gold, remember that loan-to-value and interest rates are separate from the spot price shown here; always read disclosures from your lender.
Readers searching “gold rate today in Mumbai” often want quick orientation before visiting a store—this page is written for that moment. Pair the numbers with questions about hallmark purity, net gold weight, and return policies, and you will leave with a clearer picture than headline rates alone can provide.
How Gold Pricing Works in India
Retail gold prices aren't just about global spot rates—there are several components that make up the final price you pay or receive.
What We Show Here
The prices on GoldRateRadar are indicative spot-style reference rates per gram, calculated from live global data. They reflect the pure metal value but exclude making charges, wastage, taxes, and retailer margins.
Your Actual Price Includes:
- Spot Price – The reference gold rate (what we show)
- Making Charges – Labour cost, typically 5-15% depending on design
- Wastage – Allowance for metal loss during crafting (1-3%)
- Stone Costs – If semi-precious or precious stones are used
- GST (18%) – Applicable on hallmarked jewellery in India
- Hallmark Certificate – Optional, ensures purity assurance
💡 Pro Tips
- Compare prices across multiple jewellers before buying
- Buy hallmarked jewellery from BIS-approved shops for authenticity
- Negotiate making charges—they vary widely
- Keep original invoices for tax & resale purposes
- For pure investment, buy bullion coins or bars (lower making charges)
What affects gold prices in India?
Gold prices fluctuate based on multiple factors—both global and local. Understanding these helps you make informed decisions about buying and selling.
Global factors:
- International spot prices – Set by global exchanges, these form the base
- USD/INR exchange rate – Stronger rupee makes gold cheaper in India
- Interest rates & inflation– Higher rates reduce gold's appeal as an investment
- Geopolitical tensions – Uncertainty drives safe-haven demand for gold
- Central bank policies – RBI and global central bank actions influence sentiment
Local factors:
- Customs duties & import taxes – Direct impact on retail prices
- Seasonal demand – Festivals, weddings, and cultural events spike demand
- Jeweller markups – Making charges, wastage, and retail margins vary
- GST (18%) – Applicable on hallmarked jewellery purchases
Understanding Gold Karats & Purity
Gold purity is measured in karats (K). The higher the karat number, the higher the gold content. Here's a breakdown of common karats and their real-world uses:
Pure & High Purity
- 24K (99.9%) – Pure gold, soft, used for bars & coins
- 23K (95.8%) – Near-pure, investment-grade
- 22K (91.7%) – Standard for Indian jewellery, durable & pure
Mid & Lower Purity
- 20K (83.3%) – Good durability, less common
- 18K (75.0%) – Common in fine jewellery, durable
- 14K (58.3%) – Very durable, popular in Western markets
- 10K (41.7%) – Budget-friendly, highly durable
- 9K (37.5%) – Lowest standard, mostly ornamental
Why These Differences Matter
Lower karats are mixed with other metals (copper, silver, zinc) to increase durability. This is why 24K gold is soft and unsuitable for jewellery, while 22K strikes a perfect balance for Indian jewellery. When investing, higher purity (23K, 24K) means better resale value.
Is Now a Good Time to Buy Gold?
Timing the market is challenging, but gold can serve different purposes depending on your goals.
For Long-Term Savings
Gold is a wealth preservation tool. Instead of timing the market, many investors buy gold regularly (Systematic Gold Investment) to average out price fluctuations over time.
For Portfolio Diversification
Gold typically moves differently from stocks and bonds. A 5-10% allocation to gold can help reduce overall portfolio risk during economic uncertainty.
For Jewellery & Cultural Needs
If you need gold for festivals, weddings, or personal use, current market conditions matter less—you're buying for utility, not investment returns.
Tip: Before buying, check current prices in multiple cities, compare hallmark certifications, and factor in making charges. Always consult a registered financial adviser for guidance tailored to your financial situation.
Frequently asked questions
- What is the gold rate today in Mumbai?
- Benchmark INR-per-gram values for multiple karats on GoldRateRadar follow India-wide spot references. Mumbai jewellers may add local premiums; compare multiple quotes the same day.
- Where can I check hallmark gold in Mumbai?
- Look for BIS hallmarking on jewellery and ask for invoices stating purity and net gold weight. Rates here are informational and not a substitute for a seller's quote.
- Does GST apply on gold jewellery?
- GST (18%) applies on jewellery including making charges as per current law. Verify with your jeweller and a tax professional for your situation.
- Is this investment advice?
- No. GoldRateRadar provides general price information. Speak to a qualified adviser before making investment decisions.