Gold Rate in Mumbai
last updated on 30th October 2026
Mumbai, one of the most popular cities and India’s financial capital, houses the highest number of gold buyers and sellers. Gold is one of the most valuable commodities, and Mumbaikars check the gold rate today in Mumbai before buying or selling the gold or applying for a gold loan. The gold rate in Mumbai for 22k gold carat and 24K gold carat fluctuates regularly based on numerous external factors, owing to the high volume of gold trading in Mumbai, the citizens need to monitor the gold price regularly to get the best price. Here are the current latest gold price in Mumbai
Gold Price in Mumbai for 18K, 22K and 24K Gold Purities
18 Carat Gold Price Per Gram in Mumbai - (Today & Yesterday)
If you plan to invest in gold in the future, you may want to go through 18 carat gold rate updates. Consider taking look at the following information given below:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 10,669 | ₹ 10,703 | ₹ 34 |
| Gold rate for 10 gram | ₹ 1,06,691 | ₹ 1,07,030 | ₹ 339 |
| Gold rate for 12 gram | ₹ 1,28,029 | ₹ 1,28,436 | ₹ 407 |
22 Carat Gold Price Per Gram in Mumbai - (Today & Yesterday)
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 13,031 | ₹ 13,072 | ₹ 41 |
| Gold rate for 10 gram | ₹ 1,30,306 | ₹ 1,30,720 | ₹ 414 |
| Gold rate for 12 gram | ₹ 1,56,367 | ₹ 1,56,864 | ₹ 497 |
24 Carat Gold Price Per Gram in Mumbai - (Today & Yesterday)
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 14,226 | ₹ 14,271 | ₹ 45 |
| Gold rate for 10 gram | ₹ 1,42,255 | ₹ 1,42,707 | ₹ 452 |
| Gold rate for 12 gram | ₹ 1,70,706 | ₹ 1,71,248 | ₹ 542 |
Gold Rate in Mumbai
Track the journey of India's gold market through our informative graph, illustrating the captivating fluctuations and trends in gold rates.
Disclaimer: IIFL Finance Limited (including its associates and affiliates) does not guarantee the accuracy, completeness, or timeliness of the information provided. Rates and details are subject to change without notice and are provided for informational purposes only and should not be considered investment advice. IIFL shall not be liable for any errors, omissions, or losses arising from the use of this information.
Historical Gold Rate in Mumbai For The Last 10 Days
| Day | 18K Pure Gold | 22K Pure Gold | 24K Pure Gold |
|---|---|---|---|
| 29 Oct, 2026 | ₹ 10,669 | ₹ 13,030 | ₹ 14,225 |
| 28 Oct, 2026 | ₹ 10,703 | ₹ 13,072 | ₹ 14,270 |
| 27 Oct, 2026 | ₹ 10,607 | ₹ 12,955 | ₹ 14,143 |
| 26 Oct, 2026 | ₹ 10,628 | ₹ 12,980 | ₹ 14,171 |
| 23 Oct, 2026 | ₹ 10,622 | ₹ 12,973 | ₹ 14,163 |
| 22 Oct, 2026 | ₹ 10,702 | ₹ 13,070 | ₹ 14,269 |
| 21 Oct, 2026 | ₹ 0 | ₹ 13,200 | ₹ 14,410 |
Gold Rate Calculator - Calculate Your Gold Amount Online
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Gold Rate Calculator
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What is the Current Trend in the Gold Price in Mumbai?
As one of the biggest hubs for the demand and supply of gold, the gold rate in Mumbai also changes based on the demand and supply of Mumbai’s gold market in real time. However, despite the fluctuating gold rate, the current trend indicates a steady rise in the demand for gold in Mumbai.
Importance of Checking Gold Rates in Mumbai Before Buying
In the domestic market and especially in Mumbai, the gold rate changes in real-time in the domestic market. Hence, to buy and sell gold in Mumbai, it is necessary to check the gold rate in Mumbai to get the best gold price.
Factors that Affects Gold Prices in Mumbai
Gold is one of the most valuable commodities used in multiple industries such as technology, infrastructure and for personal purposes in Indian households. Numerous factors affect the gold rate in Mumbai. These are:
-
Demand and Supply
If the demand for gold is higher than the supply in Mumbai, the gold price will rise. On the other hand, if the demand is lower than the supply, the gold price will fall.
-
Currency Markets
The price of gold in Mumbai and the domestic market is associated with the currency markets, especially the US dollar rate. If the US dollar weakens, the latest gold rate in Mumbai falls because of weak global cues.
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Economic Situation
People consider gold as a safe investment to hedge against negative economic factors such as inflation. Such economic factors highly affect the demand for gold, thereby affecting its price in Mumbai.
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Interest Rates
Gold prices have an inverse relationship with prevailing interest rates. If the interest rates increase, there is a heavy sell-off of gold, increasing supply. People prefer to buy gold when the interest rates decrease, increasing the demand.
916 Gold Rate in Mumbai Today: How is it calculated?
The Bureau of Indian standards hallmarks gold and its products based on purity. Within its hallmarking procedure, 916 hallmarked gold is 22 karats of pure gold bought and sold in Mumbai. The 916 Gold Rate in Mumbai Today is calculated in the following way:
-
International Price
Based on the International prices of gold, you can calculate the 916 gold rate as it is the price at which gold traders execute imports.
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Demand and Supply
Based on the demand and supply volumes of gold in Mumbai, gold rates are fixed daily at 10 grams.
-
Purity
If the gold is hallmarked as 916 gold, its price will differ from other types of gold, such as 18 karats or 24 karats.
Reasons why Gold Rates Differ Between Mumbai and Other Cities
Mumbai’s gold rate differs from other cities as the buying and selling numbers vary from one city to another. Citizens of Mumbai may buy or sell gold in lesser or larger quantities than that of other cities, thereby affecting the price of gold. Furthermore, these factors may play a role in differing gold rates across cities in India:
Imports
The value of imports is a factor that influences the price of gold. Since Mumbai is a more extensive consumer of gold than other smaller cities, the price fluctuates compared to other cities.
Volume
The demand and supply in Mumbai is different from those in other cities. The rate varies as Mumbai citizens buy and sell gold in higher volumes.
Gold Rates in Mumbai FAQs:
Generally, jewellers use 916 hallmarked 22-karat gold to make jewellery than 24-karat gold as the latter is too soft to withstand daily wear.
Gold has become slightly more expensive after the impact of 3% GST. However, gold-making charges were reduced to 5% from 18%, giving some relief to the gold prices in Mumbai.
The gold loan calculator uses the current gold rate to estimate your maximum loan amount.
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