Gold Rate Today in Mumbai (26 January 2026) – 22K & 24K

Today's gold rate in Mumbai is ₹14,845 per gram for 22K and ₹16,195 per gram for 24K gold. Mumbai gold prices serve as the benchmark for all of India since IBJA is headquartered here and Mumbai is the primary gold import gateway. Zaveri Bazaar rates are typically ₹20-50 lower than South Indian cities due to proximity to ports and wholesale trading volumes. Prices update multiple times daily from IBJA.

Gold prices in Mumbai are determined by international spot prices, the US dollar index, import duties, and trading on the Multi Commodity Exchange (MCX) futures market. As the first point of entry for imported gold, Mumbai rates often set the tone for prices in other Indian cities, with minimal premiums compared to landed costs.

Understanding different carat values is essential for Mumbai gold buyers. The gold price per gram varies based on purity:

• 24 Carat Gold Rate - 99.9% pure gold, the benchmark for investment-grade bullion. IBJA quotes 24K rates as the primary reference price.
• 22 Carat Gold Rate (916 Gold) - 91.6% pure gold, standard for traditional Maharashtrian and Gujarati jewellery. Popular for wedding sets.
• 18 Carat Gold Rate - 75% pure gold, preferred for diamond-studded contemporary designs and daily-wear jewellery due to enhanced durability.

Use GoldMeter's gold rate calculator to compute exact costs including making charges. Mumbai's diverse population drives demand for both traditional Maharashtrian designs like Kolhapuri Saaj and contemporary styles from designer boutiques.

As India's import hub, Mumbai gold prices are particularly sensitive to multiple factors:

Mumbai traders on MCX futures market and Zaveri Bazaar bullion dealers are among the first to react to global price movements, making the city's rates a leading indicator for national trends.

The history of gold trade in Mumbai spans centuries, with Zaveri Bazaar serving as India's bullion capital. Analysing historical trends helps investors time purchases effectively:

• Seasonal Patterns - Prices typically rise during wedding season and Diwali/Dhanteras due to heightened Maharashtra and Gujarat demand
• Economic Indicators - Gold spiked during economic crises as investors sought safe-haven assets
• Moving Averages - Technical traders use 50-day and 200-day moving averages to identify entry points
• Forward Booking - Many Mumbai jewellers offer price-lock facilities for customers planning future purchases

The international gold market directly influences Mumbai prices with minimal lag. IBJA rates are published twice daily reflecting morning and afternoon London fixes.

BIS hallmarking is mandatory for gold jewellery sold in India. Understanding hallmark symbols protects Mumbai buyers from adulteration:

The Indian Bullion Association in Mumbai sets industry standards. Always demand invoice transparency with separate listing of gold weight, purity, stone weight, and making charges.

Whether buying for personal consumption or investment, follow these gold jewellery buying tips:

• Check Current Rates - Verify today's gold rate on GoldMeter before visiting jewellers
• Evaluate Seller Reputation - Choose established jewellers with transparent pricing
• Understand Making Charges - Range from 8% to 25% based on design complexity
• Insist on Hallmarked Gold - Only purchase BIS-certified jewellery with HUID
• Compare Prices - Visit multiple shops in Zaveri Bazaar and suburban malls
• Get Detailed Invoice - Bill must itemize gold weight, purity, making charges, and GST
• Understand Buyback Terms - Know the jeweller's exchange policies

Popular Mumbai jewellers include Tribhovandas Bhimji Zaveri (TBZ), PNG Jewellers, Tanishq, Kalyan Jewellers, Waman Hari Pethe, and Joyalukkas. Zaveri Bazaar offers wholesale rates while suburban showrooms provide modern shopping experience.

When selling gold or scrap gold in Mumbai, understanding gold jewellery resale prices maximizes returns:

• Know Current Rates - Check gold rate before approaching buyers
• Get Multiple Quotes - Visit jewellers in Zaveri Bazaar for competitive offers
• Carry Original Documents - Bills prove authenticity and fetch better prices
• Understand Deductions - Expect 3-8% below market rate for hallmarked gold
• Scrap Gold Value - Broken jewellery valued by weight and purity after melting
• Exchange vs Cash - Exchange purchases often offer better value

Zaveri Bazaar's bullion traders offer competitive rates for scrap gold. The concentrated market ensures competitive pricing. Always witness weighing and purity testing.

Mumbai's financial hub status offers extensive gold investment avenues:

Mumbai investors benefit from direct access to MCX trading and proximity to IBJA for price discovery. SGBs offer best risk-adjusted returns for long-term investors.

Gold-backed loans offer quick liquidity without selling precious metal:

• Banks - SBI, HDFC, ICICI, Kotak offer gold loans at competitive rates
• NBFCs - Muthoot, Manappuram, IIFL provide faster processing
• Loan-to-Value Ratios - Typically 75% of gold's market value
• Documents Required - ID proof, address proof, and the gold
• Gold Loan Process - Same-day disbursement after verification

Mumbai's competitive lending market ensures attractive interest rates. Compare across gold loan companies for best terms. Gold is returned upon full repayment.

Understanding tax implications is crucial for gold investors:

Maintain all purchase invoices for capital gains calculation. Consult tax professionals for complex queries.

Mumbai's gold market has unique characteristics:

• Zaveri Bazaar - Historic bullion trading hub; wholesale and retail
• IBJA - Sets national reference rates twice daily
• Local Jewellers - Multi-generational businesses with competitive pricing
• Daily Fluctuations - Rates update multiple times tracking global markets

Mumbai's market insights often precede national trends. Forward booking and gold rate calculators help customers plan purchases effectively.

• Bank Lockers - Most secure; annual rent varies by size
• Home Safes - Fire-resistant options for moderate holdings
• Insurance - Specific jewellery policies recommended
• Documentation - Maintain invoices and photos for claims
• Digital Options - SGBs and ETFs eliminate storage concerns

Bank lockers are preferred for significant holdings. Locker contents require separate insurance as banks don't cover stored items by default.

Why are Mumbai gold rates considered the benchmark?
Mumbai is India's primary gold import gateway and home to IBJA, which sets national reference rates.

Is Zaveri Bazaar cheaper than mall showrooms?
Zaveri Bazaar often offers lower making charges due to wholesale volumes, though mall showrooms provide better shopping experience and standardized pricing.

What documents are needed for selling gold?
Original purchase invoices help get better rates. Without bills, jewellers test purity and may apply higher deductions.

How to track live gold prices in Mumbai?
GoldMeter provides real-time Mumbai gold rates, historical charts, and calculators for informed decision-making.