Gold Rate in Mumbai Today
Live 24K, 22K, 21K and 18K gold price per gram in Mumbai today, plus a gold value calculator and Zaveri Bazaar market context.
Today's gold rate in Mumbai, Maharashtra
24 Karat (Pure)
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per gram
22 Karat
—
per gram
21 Karat
—
per gram
18 Karat
—
per gram
Mumbai Gold Value Calculator
24K
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22K
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21K
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18K
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How to Use
- 1
View today's rate
See live 24K, 22K, 21K, and 18K gold prices per gram, updated every 12 hours.
- 2
Enter a weight
Type the weight in grams to calculate the value of jewelry or coins.
- 3
Compare making charges
Use the base rate shown here to compare making-charge quotes across Mumbai jewellers.
How It Works
Gold in India is priced on a single national benchmark, so the rate shown here is the same rate you'd get quoted at Mumbai's own Zaveri Bazaar — South Mumbai's centuries-old bullion and jewelry market that still sets the tone for the local trade. What actually varies between Mumbai jewellers is the making charge layered on top of this base rate.
Why Mumbai's rate isn't a separate "local" price
Unlike currency or property, gold trades on an international spot market (LBMA) that Indian bullion associations convert into a domestic rate once a day. Every city — Mumbai included — starts from that same converted number. Local market names like Zaveri Bazaar refer to where the jewelry is made and sold, not a separately priced gold rate.
What actually differs at Zaveri Bazaar vs. a mall jeweller
Wholesale bullion dealers in Zaveri Bazaar typically quote making charges closer to the metal cost (often 3–6% for simple designs), since they move high volume. Branded showrooms and malls usually charge more (8–15%) for the same purity, partly for design work, partly for brand overhead — ask both to quote making charges separately before comparing.
Examples
Pricing a 10g 22K chain bought in Mumbai
If the 22K base rate shown above is ₹6,600/gram, a 10-gram chain costs 10 × 6,600 = ₹66,000 in raw gold value, before making charges and 3% GST are added.
Comparing a Zaveri Bazaar quote to a showroom quote
Same 10g chain: a wholesale dealer quoting 4% making charge adds ₹2,640 (≈₹68,640 total before GST); a showroom quoting 12% adds ₹7,920 (≈₹73,920 total before GST) — a difference of over ₹5,000 for identical gold content.
Common Use Cases
- Checking today's base gold rate before negotiating at Zaveri Bazaar or any Mumbai jeweller
- Comparing making-charge quotes from multiple Mumbai sellers on the same design
- Estimating the resale value of gold jewelry or coins before selling in Mumbai
- Tracking the rate ahead of wedding-season or festival buying (Akshaya Tritiya, Dhanteras)
Tips
- Mumbai's BIS-registered hallmarking centres are concentrated around Zaveri Bazaar and Dadar — ask your jeweller which centre certified the piece and look for the HUID number on the hallmark.
- Mumbai jewelry trends skew toward diamond-studded gold designs alongside traditional pieces — if you're buying a diamond-set item, ask for the gold weight and stone cost to be billed as separate line items.
Frequently Asked Questions
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