Gold prices were unchanged in the country’s financial capital on Tuesday, April 28. Gold rate in Mumbai today for 24 Karat were flat at ₹1,51,870 per 10 grams. The 22 Karat gold rate in Mumbai was at ₹1,39,214 per 10 grams level.
The gold rates for today published on the India Bullion and Jewellers Association Ltd declined. IBJA gold rate for 999 purity was down at ₹1,49,557 per 10 grams.
Gold rate today in the futures market on the Multi Commodity Exchange of India (MCX) also traded sharply lower, falling below the ₹1.51 lakh per 10 grams level. In the international market as well, yellow metal prices edged lower to hit three-week low as elevated oil prices kept inflation concerns high.
Investors await key central bank decisions this week to see if the US-Iran conflict has altered the interest rate outlook.
Analysts believe the trend for gold rate today remains sideways to negative, with support for MCX gold price seen at ₹2,38,300 level, and resistance placed at ₹2,43,300 level.
Gold Rate Latest Update: 21st April 2026
Gold prices fell marginally in the country’s financial capital on Tuesday, April 21. Gold rate in Mumbai today for 24 Karat dropped by ₹50, or 0.03%, to ₹1,53,890 per 10 grams. The 22 Karat gold rate in Mumbai was at ₹1,41,066 per 10 grams level.
The gold rates for today published on the India Bullion and Jewellers Association Ltd traded higher. IBJA gold rate for 999 purity was at ₹1,52,155 per 10 grams.
Gold rate today in the futures market on the Multi Commodity Exchange of India (MCX) also traded lower, falling below the ₹1.54 lakh per 10 grams level. In the international market as well, yellow metal prices edged lower amid cautiousness over the developments around the possible US-Iran peace talks, while a firmer dollar added to the pressure. However, gold prices are down more than 8% since the Iran war began.
Analysts expect the near-term direction of gold prices will hinge on the developments in US–Iran talks and incoming US macro data, including retail sales, housing, and labor indicators, which will shape interest rate expectations.
Gold Rate Latest Update: 7th April 2026
Gold prices rose by nearly half a percent per 10 grams in the country’s financial capital on Tuesday, April 7. Gold rate in Mumbai today for 24 Karat increased by ₹690, or 0.46%, to ₹1,50,660 per 10 grams. The 22 Karat gold rate in Mumbai was at ₹1,38,105 per 10 grams level.
The gold rates for today published on the India Bullion and Jewellers Association Ltd traded lower. IBJA gold rate for 999 purity was at ₹1,47,489 per 10 grams.
Gold rate today in the futures market on the Multi Commodity Exchange of India (MCX) also gained over half a percent and above the ₹1.50 lakh per 10 grams level. However, in the international market, yellow metal prices edged higher as investors stayed on the sidelines ahead of a deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz.
Analysts expect gold prices to remain highly volatile, with direction dependent on further geopolitical developments and macro cues. MCX gold rate may find support at ₹1,48,088 level, while resistance is placed at ₹1,50,540 level.
Gold Rate Latest Update: 24th March 2026
Gold prices were slightly higher to above ₹1.39 lakh per 10 grams in the country’s financial capital on March 24, following a rebound in the futures market. Gold rate in Mumbai today for 24 Karat increased by ₹140, or 0.10%, to ₹1,39,860 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,28,205 per 10 grams.
The gold rates for today published on the India Bullion and Jewellers Association Ltd were tad lower. IBJA gold rate for 999 purity was at ₹1,39,513 per 10 grams.
Gold rate today in India on the Multi Commodity Exchange (MCX) rebounded from early losses on Tuesday, and rose above ₹1.39 lakh per 10 grams level. Spot gold prices in the international market also pared losses and were around $4,396 an ounce amid worries over the ongoing US-Iran war.
Meanwhile, central bank demand for gold is expected to remain strong in 2026, driven by rising geopolitical risks and diversification away from the US dollar, according to the World Gold Council. Gold prices reached a record near $5,600 in January, while central banks accounted for about 17% of total demand in 2025. The WGC forecasts purchases at 850 metric tons in 2026, slightly lower than 863 tons last year.
China’s official gold reserves have reached a record 2,309 tonnes, following a 16-month consecutive buying streak by the People’s Bank of China. Analysts believe that higher demand from China could lift the gold prices in the long term, as China is the world’s largest precious metal producer.
Gold Rate Latest Update: 13th March 2026
Gold prices fell by around half a percent to below ₹1.60 lakh per 10 grams in the country’s financial capital on March 13, following a weak trend in the futures market. Gold rate in Mumbai today for 24 Karat was down by ₹670, or 0.42%, at ₹1,59,600 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,46,300 per 10 grams.
Gold rate today in India on the Multi Commodity Exchange (MCX) opened sharply lower on Friday and slipped below ₹1.60 lakh per 10 grams level. Spot gold prices in the international market dipped below $5,100 an ounce amid a firm US dollar.
The gold rates for today published on the India Bullion and Jewellers Association Ltd were also lower. IBJA gold rate for 999 purity was at ₹1,58,555 per 10 grams.
Market sentiment remains cautious amid the ongoing geopolitical tensions in the Middle East as there are no signs of de-escalation in the US-Iran war. Fading hopes for interest rate cuts by the US Federal Reserve is likely to lend support to the international gold prices.
Gold Rate Latest Update: 27th February 2026
Gold prices were above ₹1.60 lakh per 10 grams in the country’s financial capital on Friday, February 27, following gains in commodity futures and steady global precious metal prices. Gold rate in Mumbai today for 24 Karat increased by ₹270, or 0.17%, to ₹160,420 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,47,052 per 10 grams.
The gains in gold rate today in Mumbai follows a rise in the futures market on Multi Commodity Exchange of India (MCX), which rose above ₹1,60,300 level. On the global front, gold prices gained support from the concerns over US trade protectionism as Trump reiterated his commitment to expanding tariffs, alongside lingering uncertainty around the US–Iran nuclear talks.
Kaynat Chainwala, AVP Commodity Research, Kotak Securities noted that sustained gains in gold prices would likely require clearer signals of imminent rate cuts by the US Federal Reserve or renewed escalation of geopolitical tensions, as a firm dollar continues to cap upside.
Gold Rate Latest Update: 18th February 2026
Gold prices got costlier by more than ₹1,000 per 10 grams in the country’s financial capital on Wednesday, February 18, following a rally in the precious metal prices in domestic and international markets. Gold rate in Mumbai today for 24 Karat increased by ₹1,020, or 0.67%, at ₹1,52,880 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,40,140 per 10 grams.
On the Multi Commodity Exchange of India (MCX), gold rate today traded over a percent higher, rising above ₹1.53 lakh per 10 grams level in early deals, following gains in global bullion prices, as investors seem to opt for short covering after heavy profit booking in the previous sessions.
Gold prices seem to be consolidating after sharp bouts of volatility seen earlier. Analysts maintain their long-term bullish view for the precious metal prices.
“Overall, the current price action is being viewed as consolidation within a broader corrective phase rather than a breakdown of the long-term bullish trend. Investors may consider staggered accumulation, while traders should remain cautious amid elevated volatility,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk.
Gold Rate Latest Update: 17th February 2026
Gold prices got cheaper by more than ₹2,000 per 10 grams in the country’s financial capital on February 17, following a weakness in the precious metal prices on domestic and global exchanges. Gold rate in Mumbai today for 24 Karat was down by ₹2,140, or 1.38%, at ₹1,52,810 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,40,076 per 10 grams.
On the Multi Commodity Exchange of India (MCX), gold rate today traded over a percent lower, following weakness in global bullion prices, weighed down by a stronger US dollar and easing geopolitical tensions.
Analysts see the present subdued trend in gold prices as consolidation rather than a trend reversal, while suggesting investors to rebalance on dips, with staggered allocation amid choppy market conditions.
Gold Rate Latest Update: 16th February 2026
Gold prices declined by more than half a percent to trade near ₹1.55 lakh per 10 grams in the country’s financial capital on February 16, following a weak trend in the global precious metal prices. Gold rate in Mumbai today for 24 Karat was down by ₹820, or 0.52%, at ₹1,55,420 per 10 grams. The 22 Karat gold rate in Mumbai was ₹1,42,468 per 10 grams.
Gold rate on the Multi Commodity Exchange of India (MCX) opened sharply lower on Monday and slipped below ₹1.55 lakh per 10 grams level. Spot gold prices in the international market dipped below $5,000 an ounce amid a firm US dollar.
However, geopolitical tensions remain elevated, following reports that Washington has deployed the aircraft carrier USS Gerald R Ford to the Middle East amid stalled Iran nuclear talks, lending safe-haven support to the precious metal.
“Gold and silver began the week on a softer note, as investors booked profits after the weekend's rally. However, ongoing central bank purchases, heightened safe-haven demand amid the correction in tech and AI stocks, and a weaker dollar index have helped cushion the downside,” said Gaurvav Garg, Lemonn Markets Desk.
In the near term, he expects gold prices to trade in a narrow range, as markets await clearer signals on the US Federal Reserve’s policy stance and broader cues on the direction of the global economy.
Gold Rate in Mumbai Compared to Other Cities
Gold rates in Mumbai may differ slightly from those in other Indian cities due to local demand, transportation costs, and regional taxes. However, these differences are usually marginal, ensuring that Mumbai’s gold market remains competitive.
Where to Buy Gold in Mumbai: Top Markets and Stores
Mumbai offers numerous options for purchasing gold:
Zaveri Bazaar: One of the oldest and most famous gold markets in Mumbai, known for its wide variety of jewelry.
Bandra: An upscale shopping district with several branded jewelry stores offering certified gold products.
Colaba: A popular shopping area that offers a mix of traditional and modern gold jewelry stores.
Factors Influencing Gold Rate in Mumbai
The gold rate in Mumbai is influenced by several factors:
Global Market Trends: The international gold market heavily influences the gold rate in Mumbai. Global economic conditions, geopolitical tensions, and shifts in demand and supply impact the market.
Currency Exchange Rates: The value of the Indian Rupee against the US Dollar is crucial. A weaker rupee usually leads to higher gold prices.
Local Demand and Supply: During festivals like Diwali and wedding seasons, demand for gold in Mumbai increases, leading to higher prices.
Government Policies: Import duties, GST, and other regulatory measures imposed by the government directly affect the gold prices in Mumbai.
Inflation: Gold is traditionally seen as a hedge against inflation. When inflation rises, demand for gold typically increases, pushing up prices.
Historical Gold Price Trends in Mumbai
Gold prices in Mumbai have generally shown an upward trend over the years, influenced by global economic events and changes in investor sentiment. For instance, during periods of global financial instability, such as the COVID-19 pandemic, gold prices saw significant increases as investors flocked to safe-haven assets.
Best Times to Buy Gold in Mumbai
To make the most of your investment, consider these strategies:
Off-Peak Seasons: Gold prices tend to spike during festivals and weddings due to high demand. Purchasing during off-peak seasons can yield better rates.
Market Dips: Regularly monitoring market trends can help you buy during price dips, maximizing your investment value.
Economic Stability: During stable economic periods, gold prices are generally lower, making it a good time to invest.
Gold Investment Options in Mumbai
Mumbai offers various avenues for investing in gold:
Physical Gold: This traditional form of investment includes purchasing gold jewelry, coins, and bars. However, it comes with risks such as storage issues and potential theft.
Gold ETFs and Mutual Funds: These financial products offer a modern way to invest in gold without the need for physical storage. They track the price of gold and can be traded on stock exchanges.
Sovereign Gold Bonds (SGBs): Issued by the Government of India, SGBs are a secure investment option offering interest along with capital appreciation based on the gold rate.
Digital Gold: Digital gold allows you to buy and store gold online in small denominations, providing convenience and flexibility, especially for small investors.
How to Track Gold Prices in Mumbai
To stay updated with the latest gold prices in Mumbai:
Online Platforms: Websites like GoodReturns, Moneycontrol, and other financial news portals provide real-time updates on gold prices.
Bank Websites: Many banks offer live updates on gold rates, particularly those that sell gold coins and bars.
Jewelry Stores: Most reputable jewelers in Mumbai regularly update their prices, both online and in-store.
Understanding Gold Purity: 18 carat, 22 carat, and 24 carat
Understanding gold purity is essential when purchasing gold in Mumbai:
24 carat Gold: Pure gold, ideal for investment purposes.
22 carat Gold: Slightly less pure, commonly used in jewelry for its durability.
18 carat Gold: Contains 75% gold, making it more durable and affordable, perfect for intricate jewelry designs.
Always ensure the gold you buy is hallmarked to verify its purity and authenticity.
Tips for Buying Gold in Mumbai
When buying gold in Mumbai, keep these tips in mind:
Verify Purity: Always insist on hallmarked gold to ensure you’re getting what you pay for.
Negotiate Making Charges: Making charges can vary significantly between jewelers, so don’t hesitate to negotiate for a better deal.
Monitor Gold Prices: Regularly check gold prices to time your purchase when rates are favorable.
Choose Reputable Jewelers: Purchasing from established jewelers ensures quality and fair pricing.
Conclusion
Understanding the gold rate in Mumbai is crucial for anyone looking to buy, sell, or invest in gold. By staying informed about market trends, local demand, and government policies, you can make well-informed decisions that maximize your investment’s value. This guide provides all the information you need to navigate the gold market in Mumbai effectively, whether you’re a seasoned investor or a first-time buyer.
Editor's Note: This page was originally published in January 2023 and has been updated with the latest developments regularly since then.
Gold Rate in Mumbai FAQs
On 31 May 2026, the market rate for 22 karat gold in Mumbai stands at ₹14,276 per gram.
Pure 24 karat gold is currently priced at ₹15,585 per gram in the Mumbai market.
A tola is a unit of mass equal to 12 grams. In Mumbai, you can purchase 1 tola of gold for approximately ₹1,87,026 in 24 karat purity and ₹1,71,316 in 22 karat purity.
Buying 2 tolas of gold in Mumbai requires an investment of roughly ₹3,42,633 for 22 karat and ₹3,74,053 for 24 karat variants.
To acquire 3 tolas of gold in Mumbai, you would spend approximately ₹5,13,949 for 22 karat gold and ₹5,61,080 for 24 karat gold.
As of 31 May 2026, 10 grams of 22 karat gold is valued at ₹1,42,763 while 10 grams of 24 karat gold costs ₹1,55,855 in Mumbai.
Yes, pricing varies between hallmarked and non-hallmarked gold jewellery in Mumbai. Typically, non-hallmarked gold jewellery is more economical because it lacks official purity certification or assurance.
Yes, all gold purchases in Mumbai are subject to a 3% GST (1.5% CGST and 1.5% SGST).
The crafting costs associated with transforming raw gold into jewellery in Mumbai typically range from 5% to 35%, depending on the design complexity and the artisanal skill involved.
For gold purchases exceeding Rs. 2 lakhs in Mumbai, you must provide your PAN (Permanent Account Number) details as mandated by government regulations.
Physical gold remains a dependable and secure investment in 2026, offering both tangible asset value and emotional reassurance, thanks to its inherent stability and psychological comfort.
