Live Gold Prices in Mumbai – January 24, 2026
| Purity | Price per Gram | Price per 10 Grams |
|---|---|---|
| 22K | ₹12,299 | ₹1,22,990 |
| 24K | ₹13,450 | ₹1,34,500 |
Gold Price Trend in Mumbai – Last 7 Days
| Date | 22K Price/10g | 24K Price/10g |
|---|---|---|
| Today | ₹122,990 | ₹134,500 |
| Yesterday | ₹129,513 | ₹138,774 |
| 2 Days Ago | ₹129,637 | ₹135,968 |
| 3 Days Ago | ₹127,067 | ₹135,086 |
| 4 Days Ago | ₹126,258 | ₹134,658 |
| 5 Days Ago | ₹125,867 | ₹134,158 |
| 6 Days Ago | ₹125,408 | ₹133,013 |
Introduction – Gold Rates/ Price in Mumbai
Mumbai, the financial capital of India, plays a pivotal role in determining national gold price trends. With a thriving jewelry market and high investor demand, staying up to date with live gold rates in Mumbai – especially for 22K and 24K – helps you make informed buying or selling decisions. In Mumbai, gold prices are generally quoted per gram for 22K and 24K gold.
24K gold is 99.9% pure and is mainly used for investment in the form of coins, bars, and digital gold. 22K gold, which contains 91.6% pure gold, is widely used for making jewellery because of its durability and strength. The gold rate in Mumbai is influenced by several factors such as international gold prices, US dollar to Indian rupee exchange rate, import duty, and local demand. During festive seasons like Akshaya Tritiya, Dhanteras, Diwali, and the wedding season, gold prices in Mumbai often see increased demand, which can impact rates.
Mumbai follows the BIS hallmarking system, making it mandatory to buy hallmarked gold jewellery to ensure purity and authenticity. Buyers should also check making charges, which can vary depending on the design and jeweller. These charges, along with 3% GST on gold, are added to the final price.
For investment purposes, Mumbai residents also prefer Gold ETFs, Digital Gold, and Sovereign Gold Bonds (SGBs) as secure and convenient alternatives to physical gold.
Factors Affecting Gold Prices in Mumbai
- Global market trends: Prices on LBMA & COMEX directly impact local rates.
- USD–INR & currency moves: A weaker INR often pushes gold prices up.
- Local demand spikes: Festivals like Ganesh Chaturthi, Diwali, and wedding season increase jewellery purchases.
- Taxes & duties: GST (3%) + making charges, import duty, and state-level logistics add to the final cost.
22K vs 24K Gold – When to Choose What?
22K gold (91.6% purity) is preferred for jewellery in Mumbai due to its strength and affordability, while 24K (99.9% pure) is favored for investment or gifting during festivals and traditional ceremonies.
Best Time to Buy Gold in Mumbai
- Watch price dips following global corrections or Rupee strengthening.
- Buy during festive offers, but compare making & hallmark details.
- Track weekly trend tables before making jewellery purchases.
Key Gold Markets in Mumbai
- Zaveri Bazaar: Iconic wholesale & retail jewellery hub.
- Bandra & Colaba: Popular for branded showrooms like Tanishq, GRT.
- Churchgate & Dadar: Mix of old jewellers and modern stores.
FAQ – Gold Rate in Mumbai
- Q. Is GST included in the price?
A. No, 3% GST is added separately plus making charges. - Q. Where can I buy trusted gold in Mumbai?
A. Leading jewellery zones include Zaveri Bazaar, Bandra, Colaba & Dadar. - Q. Do gold rates vary across cities?
A. Minor variations exist due to state taxes and local demand.
Investment Options Beyond Physical Gold
- Gold ETFs: Tradeable on stock exchanges with high liquidity.
- Sovereign Gold Bonds: Offer interest and capital growth benefits.
- Digital Gold: Buy fractional gold online backed by physical equities.
Why Bookmark This Mumbai Gold Rate Page
This page is regularly updated with trusted market rates, helpful market insights, and investment advice—ideal for buyers and investors in Mumbai.
Conclusion
The gold rate in Mumbai, especially for 22K and 24K purity, is influenced by global and local trends alike. As a savvy buyer or investor, staying updated ensures you pay the right price or time your investment better. Bookmark this page and return for daily updates and valuable tips.