Maharashtra
Gold Rate in Mumbai
Tuesday, 26 May 2026
22K Gold
₹1,34,990
per 10 grams
₹13,499/ gram
₹1,07,992 / 8g • ₹13,49,900 / 100g
24K Gold
₹1,47,260
per 10 grams
₹14,726/ gram
₹1,17,808 / 8g • ₹14,72,600 / 100g
Mumbai Gold Rate — All Weights
Mumbai Gold Rate - Per Gram, 8g, 10g, 100g
| Weight | 22K Gold | 24K Gold |
|---|---|---|
| 1 gram | ₹13,499 | ₹14,726 |
| 8 grams | ₹1,07,992 | ₹1,17,808 |
| 10 grams | ₹1,34,990 | ₹1,47,260 |
| 100 grams | ₹13,49,900 | ₹14,72,600 |
Rate per gram - 22K: ₹13,499 | 24K: ₹14,726. Excludes GST & making charges.
Gold Rate in Mumbai with GST (3%)
Every gold purchase in India attracts 3% GST on the metal value. The prices below show what you actually pay at a Mumbai jeweller — base rate plus GST — before making charges.
GST is charged at 3% on gold value only. Making charges typically attract 5% GST separately and are not included above.
Gold Market in Mumbai
Mumbai's gold market is unlike any other in India. At its heart lies Zaveri Bazaar in Kalbadevi — a centuries-old trading district where wholesale bullion dealers, retail jewellers, and diamond merchants operate side by side in a dense, buzzing marketplace. Mumbai's proximity to the Jawaharlal Nehru Port Trust, through which a large share of India's gold imports pass, gives the city a slight structural advantage in import logistics, and Mumbai's bullion quotations are closely watched as a national reference.
Where to Buy Gold in Mumbai: Key Markets
Zaveri Bazaar is the nerve centre — a narrow grid of lanes in Kalbadevi crammed with hundreds of jewellers, bullion traders, and allied goldsmith trades. Beyond Zaveri, Opera House has historically been linked to the diamond trade and still hosts major wholesalers. For retail shoppers, the bigger brand showrooms cluster in Dadar, Ghatkopar, Borivali, Andheri, and Bandra, where Tanishq, Kalyan Jewellers, PC Jeweller, and Joyalukkas run flagship stores. South Mumbai and BKC skew toward premium studded and diamond jewellery, while the suburbs cater more heavily to traditional 22K bridal gold.
Mumbai Jewellery Styles & Local Preferences
Maharashtrian bridal gold in Mumbai is distinctive — the Nath (nose ring), Thushi (tightly-packed gold bead necklace), Kolhapuri Saaj, Mohan Maal, and Bajuband make up the classic set. Alongside Maharashtrian designs, Mumbai caters to every Indian community: Gujarati, Marwari, Tamil, Malayali, and Bengali buyers all find their regional styles here. The city is also a major market for lightweight contemporary 18K and diamond jewellery, especially among younger professionals in BKC and the western suburbs who prefer daily-wear pieces from branded lines.
Festive & Seasonal Gold Demand in Mumbai
Dhanteras in Mumbai is a spectacle in itself — queues form outside shops in Zaveri Bazaar from before dawn as buyers follow the auspicious tradition of buying gold on the day before Diwali. Akshaya Tritiya (usually April or May) is the second-biggest buying day of the year. Gudi Padwa, the Marathi New Year in March–April, is also a popular gold-buying occasion. The October–February wedding season drives sustained volumes, while monsoon months (July–August) tend to see softer retail demand as buyers wait for the festive run-up.
Buying Gold in Mumbai: Practical Tips
For bulk buyers, Zaveri Bazaar wholesalers can offer the keenest rates but expect to transact in cash or bank transfer and carry your own security. Retail-bill jewellers will add 3% GST on the gold value plus making charges — Mumbai making charges range from around 6–10% for machine-made chains, 10–15% for standard bridal sets, and 18–25% for hand-finished or antique-finish pieces. Always ask for a detailed tax invoice showing separate lines for gold value, making charges, stone weight (if any), and GST, and always verify the BIS hallmark and HUID code on every piece before paying.
This is general guidance. Always verify prices, purity, and jeweller credentials independently before any purchase.
How the Mumbai Gold Rate Is Determined
The gold rate in Mumbai is not arbitrarily set. It is derived from a chain that begins with the international spot price, typically quoted in US dollars per troy ounce on the COMEX and LBMA. That dollar figure is converted into Indian rupees per 10 grams using the prevailing USD-INR exchange rate. Customs duty on gold imports and a 3% GST are then layered on top to arrive at a landed domestic price.
Local jewellers' associations in Maharashtra — along with wholesale bullion dealers in Mumbai — announce daily rates that further reflect local transportation costs, dealer margins, and short-term demand conditions. When you shop at a jeweller in Mumbai, the sticker price you see per gram is this local-adjusted base rate. On top of that, the final invoice adds making charges (typically 8–25% of the gold value, depending on the design), any wastage charges, stone weight (if the piece has diamonds or gemstones), and 3% GST on the total.
Rates can move within the day in response to global price shifts and rupee movements, which is why Mumbai jewellers often update their sticker prices each morning. For purchases above a few grams, many buyers in Mumbaicall or check online for the day's quoted rate before visiting the showroom.
Related Pages
Gold Rate by Karat
Frequently Asked Questions
What is the gold rate in Mumbai today?
Today's gold rate in Mumbai is ₹13,499 per gram for 22K (916 purity) gold and ₹14,726 per gram for 24K (999 purity) gold. These are indicative base rates excluding 3% GST, making charges, and any stone or wastage charges your jeweller may add.
Why does the gold rate in Mumbai differ from other cities?
Gold rates in Mumbai can vary slightly from the national average because of local jewellers' association quotes, state-specific levies, transportation costs from import ports, and the concentration of wholesale bullion dealers. The base gold price is set globally, but the landed cost to a Mumbai retail jeweller is also influenced by supply-chain distance to the nearest bullion hub.
Where can I buy BIS-hallmarked gold jewellery in Mumbai?
You can buy BIS-hallmarked gold jewellery from any registered jeweller in Mumbai — look for the BIS triangle logo, the purity stamp (916 for 22K or 999 for 24K), and the six-character HUID code etched onto the piece. Verify the HUID on the BIS Care mobile app before paying. Major branded chains and long-established family jewellers in the city typically maintain full BIS compliance.
What is the gold rate in Mumbai with GST today?
With 3% GST included, today's gold rate in Mumbai is approximately ₹13,904 per gram for 22K gold and ₹15,168 per gram for 24K gold. On a 10-gram 22K purchase you would pay around ₹1,39,040 inclusive of GST — the GST component alone on that 10 grams is about ₹4,050. Note that making charges, wastage, and stone-setting fees are additional and are also subject to GST (typically 5% on making charges). Always ask your Mumbai jeweller for a GST-compliant tax invoice that separately lists gold value, making charges, and the GST amount.
How much gold does a typical bridal set cost in Mumbai?
At today's Mumbai rate of ₹13,499 per gram for 22K gold, a 50-gram bridal jewellery set would have a base metal value of approximately ₹6,74,950, before making charges (typically 8–25%) and 3% GST. A full traditional bridal trousseau often involves 100 grams or more of 22K gold across multiple pieces, and the overall invoice can be significantly higher once making charges, wastage, and stone components are added.
Is the gold rate in Mumbai for 22K or 24K?
We publish both 22K (916 purity, used in almost all Indian jewellery) and 24K (999 purity, used in investment coins, bars, and digital gold products) rates for Mumbai. 22K is the right benchmark if you are shopping for jewellery at a Mumbai jeweller. 24K is the relevant benchmark if you are buying investment-grade gold coins, bars, Sovereign Gold Bonds, Gold ETFs, or digital gold.