Mumbai Gold Rate — All Weights
24K today · Excludes GST & making charges
| Weight | 24K Rate | Change |
|---|
Mumbai vs Other Cities
22K gold per 10 grams
| City | 22K / 10g | vs Mumbai |
|---|---|---|
| Chennai | ₹138,290 | ▲ ₹1,640 |
| Mumbai You are here | ₹136,650 | — |
| Delhi | ₹136,650 | — |
| Bangalore | ₹136,650 | — |
| Hyderabad | ₹136,710 | ▲ ₹60 |
| Kolkata | ₹136,650 | — |
| Kochi | ₹138,420 | ▲ ₹1,770 |
| Pune | ₹136,650 | — |
| Ahmedabad | ₹136,650 | — |
| Jaipur | ₹136,650 | — |
Frequently Asked Questions
Gold Rate in Mumbai Today — Everything You Need to Know
The gold rate in Mumbai today is updated twice daily from the IBJA (IBJA) benchmark. Mumbai, located in Maharashtra, is one of India's most active gold markets with strong buying activity across all seasons. Whether you are buying gold jewellery, investing in gold coins, or simply tracking prices before a purchase, BullionRush.in gives you the most up-to-date Mumbai gold rate across all karats — 24K (99.9% pure), 22K (91.6% pure) and 18K (75% pure).
Why is Mumbai's Gold Rate What It Is?
Mumbai follows the national IBJA (India Bullion and Jewellers Association) benchmark rate, which is published from the city itself. As India's financial capital and home to the IBJA, Mumbai typically tracks the national baseline closely with minimal premium. The Zaveri Bazaar in South Mumbai is India's largest bullion market and sets the tone for gold pricing across the country.
How to Buy Gold in Mumbai — Tips & Advice
Zaveri Bazaar near Chhatrapati Shivaji Maharaj Terminus is the go-to destination for wholesale and retail gold in Mumbai. For investment-grade gold (coins and bars), MMTC-PAMP and government-authorised dealers offer the most transparent pricing. On weekdays, prices are slightly more stable — avoid buying on Dhanteras day when premiums spike due to massive demand.
Mumbai Gold Market — Local Context
Mumbai's Zaveri Bazaar has been trading gold for over 150 years and influences prices across India. The IBJA headquarters is located in Mumbai, and the rates published here become the national benchmark. Bullion traders, jewellers and investors all look to Mumbai's morning rate as the day's gold price signal.
Understanding the Mumbai Gold Rate
The gold price in Mumbai (like all Indian cities) is influenced by three primary factors:
- International spot price: The LBMA London gold fix sets the global benchmark in USD per troy ounce. This is the starting point for all Indian gold prices.
- USD/INR exchange rate: As India imports almost all its gold, the rupee-dollar rate directly impacts how much you pay. A weaker rupee means higher gold prices in India.
- Import duty + local levies: India charges 15% import duty and 5% AIDC on gold imports. Combined with state VAT and the IBJA association premium, this produces the Mumbai retail gold rate you see on this page.
22K vs 24K Gold — Which Should You Buy in Mumbai?
24K gold (99.9% pure) is the purest form and ideal for investment — gold coins, bars and ETFs. It is too soft for everyday jewellery. Most banks and mints sell 24K gold coins. The price shown per gram for 24K is the true "metal value" with no alloy discount.
22K gold (91.6% pure) is what most Indian jewellery is made from. The 8.4% alloy (usually silver and copper) makes it durable enough for daily wear. When you buy a necklace or bangles in Mumbai, it is almost certainly 22K. The 22K rate per 10 grams is the number most Mumbai jewellery buyers track.
18K gold (75% pure) is used primarily for diamond-set jewellery and other gem-set pieces. Its lower gold content makes it more affordable and the alloy base holds gemstones better.
Gold Calculator for Mumbai — How to Use It
The gold calculator on this page helps you estimate the total cost of buying gold jewellery in Mumbai. Here's how to use it:
- Enter the weight in grams (ask your jeweller for the piece weight before purchase)
- Select the purity — 22K for standard jewellery, 24K for coins/bars
- Enter making charges (typically 10–14% for Mumbai jewellers)
- The calculator adds 3% GST and shows the total estimated cost
Note: The actual price may vary slightly as jewellers may round differently and some charge wastage separately.
Sovereign Gold Bonds (SGB) — A Tax-Smart Alternative
If you are buying gold for investment purposes in Mumbai, Sovereign Gold Bonds issued by the RBI offer a compelling alternative to physical gold. SGBs pay 2.5% annual interest (which physical gold does not), and capital gains are completely tax-exempt if held to maturity (8 years). The issue price is typically set at a small discount to the IBJA rate. SGBs are available through banks, post offices, and online via NSE/BSE during RBI issue windows.