Todays Gold Rate in Mumbai 24K, 22K, 18K per Gram

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Daily Gold Rate Trend in Mumbai

Monthly Gold Rate Trend in Mumbai

Yearly Gold Rate Trend in Mumbai

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Today’s Gold Rate Different Indian Units/Measures in Mumbai

Daily & Monthly Gold Rate Graph in Mumbai

Historical Gold Rate in Mumbai

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24k Monthly Gold Rate Trend in Mumbai

22K Monthly Gold Rate Trend in Mumbai

18K Monthly Gold Rate Trend in Mumbai

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Gold Investment in Mumbai

Gold has always been one of the most preferred investments in India. It is considered a safe asset that protects wealth against inflation and currency fluctuations while also holding cultural and traditional significance. Today, investors have multiple ways to invest in gold, from physical ownership to digital and paper-based options. Choosing the right method depends on your financial goals, convenience, liquidity needs, and risk appetite.

Different Forms of Gold to Invest

Physical gold is suitable for those who want physical ownership or in the form of jewelry or coins.
Digital gold is ideal for beginners and those who prefer small, flexible investments.
Gold ETFs are perfect for stock market investors who want liquidity without physical storage.
SGBs (Sovereign Gold Bonds) appeal to long-term investors seeking security, fixed interest, and tax benefits.

Different Ways to Invest in Gold

1. Physical Gold

In Mumbai, physical gold ranges from high-fashion diamond-studded 18K jewellery favoured by the Bollywood set and socialites to pure bullion bars bought by traders in Zaveri Bazaar. The “making charges” in Mumbai can be significantly higher due to the demand for intricate, designer wear. However, for pure investment, coins (Guinea) and biscuits are frequently purchased from banks and bullion dealers during Dhanteras.

2. Digital Gold

For the fast-paced life of a Mumbaikar, convenience is key. Digital gold is extremely popular among the millions of commuters who use fintech apps daily. It allows them to convert savings into gold instantly during their commute, without the need to visit a store in heavy traffic. It is a preferred micro-investment tool for the younger workforce in the media and finance sectors.

3. Gold ETFs

Mumbai is the headquarters of both the BSE and NSE, making the population highly equity-savvy. Gold ETFs are a staple in the portfolios of Mumbai’s traders and HNIs (High Net-worth Individuals). They prefer this route to avoid wealth tax implications on physical holdings and to ensure zero wastage costs. The liquidity of ETFs matches the high-speed financial environment of the city.

4. Sovereign Gold Bonds (SGBs)

SGBs are viewed as a smart “hedge” by Mumbai’s astute investors. Given the high cost of living and real estate in the city, the extra 2.5% interest income provided by SGBs is a major draw. It is widely adopted by corporate employees and savvy businessmen who understand the tax efficiency of holding the bond until maturity, effectively beating inflation tax-free.

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Latest Updates on Gold Price in Mumbai

The gold rate trend in Mumbai varies frequently. Let’s go through the day-wise gold rate updates in Mumbai, covering the price changes, factors, and latest updates:

Mumbai Gold Rates Rise on October 26, 2026

Gold prices in Mumbai witnessed a modest upward movement on October 26, 2026, following the broader increase across India’s gold market. The rate for 24K gold jumped ₹17 to ₹14,275 per gram, while 22K gold moved up ₹15 to ₹13,085 per gram and 18K gold gained ₹12 to ₹10,706 per gram. Mumbai’s prices match the national average across all purity levels and remain identical to those in Bangalore and Hyderabad. For a 10-gram purchase of 22K gold, the base price is ₹1,30,850, with an estimated total of ₹1,50,949 after 12% making charges and 3% GST. Although the figures establish a daily increase, the supplied information does not identify any particular domestic, geopolitical, or international catalyst behind the movement. These indicative rates exclude additional local levies unless specified.

Mumbai Gold Prices Fall on October 15, 2026

Gold prices in Mumbai recorded a decline on October 15, 2026, reflecting the broader downward movement across India’s gold market. The price of 24K gold stands at ₹14,744 per gram, while 22K gold is priced at ₹13,515 per gram and 18K gold costs ₹11,058 per gram. Mumbai’s rates match the national average and remain identical to those reported for Bangalore and Hyderabad. Nationally, 24K gold dropped ₹82, 22K declined ₹75 and 18K slipped ₹61 compared with the previous day, indicating a broad daily downturn. For 10 grams of 22K gold in Mumbai, the base price is ₹1,35,150, with an estimated total of ₹1,55,909 including 12% making charges and 3% GST. The supplied information does not identify any specific domestic, geopolitical or international development behind today’s price reduction.

Mumbai Gold Rates Surge on October 9, 2026

Gold prices in Mumbai registered an increase on October 9, 2026, as the national market recorded gains across all major purity levels. The price of 24K gold reached ₹15,071 per gram, while 22K gold rose to ₹13,815 per gram and 18K gold stood at ₹11,303 per gram. Mumbai’s rates match the national average and remain identical to those reported for Bangalore and Hyderabad. Nationally, 24K gold gained ₹114, 22K increased ₹105 and 18K advanced ₹85 from the previous day, indicating a broad upward trend. For 10 grams of 22K gold in Mumbai, the base price is ₹1,38,150, with an estimated total of ₹1,59,370 including 12% making charges and 3% GST. No specific domestic, geopolitical or international trigger for today’s rally is identified in the supplied information.

Mumbai Gold Mirrors National Rate on October 5, 2026

Gold prices in Mumbai on October 5, 2026, mirror the national benchmark across 24K, 22K and 18K purity levels. The rate for 24K gold stands at ₹14,918 per gram, while 22K gold is quoted at ₹13,675 per gram and 18K gold at ₹11,189 per gram. Mumbai consequently shares identical rates with Bangalore and Hyderabad, while Chennai differs in the 18K category and Delhi trades slightly higher across all three purities. These regional differences are the main pricing variation visible in the supplied data. No previous-day comparison is provided, so today’s movement cannot be classified as a rise, decline or unchanged trend. The information also identifies no domestic, geopolitical or international catalyst affecting prices. These retail base rates exclude local taxes, 3% GST, making charges and jeweller levies.

Mumbai Gold Prices Retreat on September 28, 2026

Gold prices in Mumbai witnessed a steep downward move on September 28, 2026, with local rates tracking the national benchmark across all three purity levels. The price of 24K gold stands at ₹15,017 per gram, while 22K gold is priced at ₹13,765 per gram and 18K gold at ₹11,263 per gram. At the national level, 24K gold fell by ₹251 per gram, 22K gold dropped ₹230 and 18K gold declined ₹188 compared with the previous day, signalling a broad pullback in prices. Mumbai’s rates remain identical to those reported in Bangalore and Hyderabad. The supplied information does not attribute today’s decline to any specific domestic, international or geopolitical development. These are indicative base rates and exclude GST, TCS, making charges and other local levies.

Mumbai Gold Mirrors National Rate on September 22, 2026

Gold prices in Mumbai on September 22, 2026, mirror the national benchmark across all three major purity levels. 24 carat gold stands at ₹15,475 per gram, while 22 carat gold is priced at ₹14,185 per gram. Buyers tracking 18 carat gold will find the rate at ₹11,606 per gram. Mumbai therefore shows no city-level premium or discount compared with the supplied India prices and shares identical rates with Bangalore and Hyderabad. The provided data does not contain previous-day prices, so describing the September 22 movement as a rise, fall, or unchanged trend would be unsupported. It also does not identify any Indian market development, international event, or geopolitical factor influencing the current rates. These figures represent base per-gram gold prices and exclude local taxes, GST, and making charges.

Mumbai Gold Rates Rise Modestly on September 16, 2026

Gold prices in Mumbai registered a modest rise on September 16, 2026, with the city matching India’s national benchmark across all three listed purity levels. 24 carat gold is available at ₹15,344 per gram, while 22 carat gold stands at ₹14,065 per gram and 18 carat gold at ₹11,508 per gram. The national market recorded gains of ₹27 for 24K, ₹25 for 22K and ₹20 for 18K gold compared with the previous day, reflecting a measured upward move rather than a steep price surge. The supplied information does not attribute this increase to any particular geopolitical or international event. For 10 grams of 22K gold, the stated base price is ₹1,40,650, with an estimated final cost of ₹1,62,254 after 12% making charges and 3% GST.

Mumbai Gold Prices Leap on September 3, 2026

Gold prices in Mumbai registered a substantial increase on September 3, 2026, with rates moving in tandem with the national average. 24 carat gold leapt ₹333 to ₹15,535 per gram, while 22 carat gold gained ₹305 to reach ₹14,240 per gram. Similarly, 18-carat gold advanced ₹249 to ₹11,651 per gram. Mumbai therefore matches the national benchmark across every listed purity category amid today’s broader gold rally. The supplied information highlights Mumbai’s historic gold trade, including prominent jewellery shops with histories exceeding 300 years, but it does not identify a specific geopolitical or international event as the direct cause of today’s increase. The estimated total for 10 grams of 22K gold is ₹1,64,273 after the stated making charge and GST. Indicative base rates exclude GST, TCS, making charges, and local levies.

Mumbai Gold Rates Slip on August 25, 2026

Mumbai gold prices registered a modest dip on August 25, 2026, moving in line with the national trend. The price of 24 carat gold fell ₹22 to ₹16,375 per gram, while 22 carat gold declined ₹20 to ₹15,010 per gram. The rate for 18 carat gold eased ₹12 to ₹12,281 per gram. Mumbai therefore matches the national average across all three gold purity levels in the supplied data. Although city-level variations can typically result from local taxes and logistics, no such premium is visible in Mumbai today. The provided information also does not identify a particular geopolitical or international development behind the daily decline, making a more specific attribution unsupported. These indicative rates exclude GST, TCS, making charges, and local levies. The supplied estimated cost for 10 grams of 22K gold after stated charges is ₹1,73,155.

Gold Rate in Mumbai on August 11, 2026

Gold prices in Mumbai rose on August 11, 2026, in line with the broader national increase. 24 carat gold is priced at ₹15,513 per gram, while 22 carat gold stands at ₹14,220 per gram. The rate for 18 carat gold is ₹11,635 per gram. Mumbai’s rates match the national average across all three purity levels. The supplied data highlights the city’s long history in the gold trade, with some jewellery businesses operating for more than 300 years. While no specific Mumbai-only trigger is identified for today’s rise, the broader market increase reflects the same pricing environment affecting the national market. The estimated total for 10 grams of 22K gold is approximately ₹1,64,042 after typical making charges and GST are included.

Gold Rates in Mumbai on 4 August 2026

Gold prices in Mumbai are aligned with the national average across all major purity levels today. 24K gold is available at ₹14,400 per gram, while 22K gold is priced at ₹13,200 per gram. The rate for 18K gold stands at ₹10,800 per gram. Gold prices remain influenced by global monetary policy expectations, inflation data, central bank purchases, and investor demand for safe-haven assets. These indicative rates exclude GST, TCS, making charges, and other applicable levies.

Gold Rates in Mumbai on 29 July 2026

Gold prices in Mumbai are aligned with the national average across all major purity levels today. 24K gold is available at ₹14,351 per gram, while 22K gold is priced at ₹13,155 per gram. The rate for 18K gold stands at ₹10,763 per gram. The estimated cost of 10 grams of 22K gold, including typical charges, is approximately ₹1,51,756. These indicative rates exclude GST, TCS, making charges, and other applicable levies from the base price.

Gold Rates in Mumbai on 22 July 2026

Gold prices in Mumbai match the national average across all major purity levels today. 24K gold is available at ₹14,651 per gram, while 22K gold is priced at ₹13,430 per gram. The rate for 18K gold stands at ₹10,988 per gram. Gold prices continue to react to changes in U.S. monetary policy expectations, Treasury yields, inflation data, and fluctuations in the U.S. dollar. Continued central bank purchases and geopolitical uncertainty remain supportive of long-term bullion demand. These indicative prices exclude GST, TCS, making charges, and other local levies.

Gold Rates in Mumbai on 16 July 2026

Gold prices in Mumbai match the national average across all purity levels today. 24K gold is available at ₹14,329 per gram, while 22K gold is priced at ₹13,135 per gram. The rate for 18K gold is ₹10,747 per gram. Gold prices continue to reflect international bullion trends, including changes in U.S. interest rate expectations, Treasury yields, inflation data, and movements in the U.S. dollar. The estimated cost of 10 grams of 22K gold, including assumed making charges and GST, is approximately ₹1,51,525.

Gold Rates in Mumbai on 10 July 2026: Bullion Records Mild Gain

Gold prices in Mumbai increased slightly today and continue to match the national average. 24K gold is priced at ₹14,482 per gram, while 22K gold stands at ₹13,275 per gram. The rate for 18K gold is ₹10,862 per gram. Mumbai’s established bullion market responds closely to international gold prices, currency fluctuations, import costs, and domestic investment demand. The latest rise may reflect cautious buying as investors assess inflation data, monetary policy expectations, bond yields, and global financial risks. Geopolitical uncertainty may offer underlying support, but movements in the U.S. dollar often have a stronger immediate effect on bullion prices. The estimated cost of 10 grams of 22K gold, including assumed making charges and GST, is approximately ₹1,53,140.

Gold Rates in Mumbai on 6 July 2026: Bullion Tracks National Trend

Gold prices in Mumbai are unchanged from the national average today as domestic bullion markets follow global price movements. 24K gold is priced at ₹14,662 per gram, while 22K gold stands at ₹13,440 per gram. The rate for 18K gold is ₹10,997 per gram. Investors remain focused on U.S. economic indicators, interest rate expectations, and global inflation trends. While immediate safe haven demand has eased, ongoing geopolitical developments and steady investment demand continue to provide long term support for gold.

Gold Rates in Mumbai on 30 June 2026: Bullion Prices Mirror National Trend

Gold prices in Mumbai matched the national average today as the domestic bullion market followed global price movements. 24K gold is priced at ₹14,013 per gram, while 22K gold stands at ₹12,845 per gram. The rate for 18K gold is ₹10,510 per gram. Investors remain focused on U.S. economic data, interest rate expectations, and currency market performance. While easing geopolitical tensions have reduced short term demand for safe haven assets, uncertainty surrounding global economic growth and central bank reserve diversification continues to support gold over the longer term.

Gold Rates in Mumbai on 24 June 2026: Bullion Prices Follow National Average

Gold prices in Mumbai remained in line with the national benchmark as domestic markets reflected softer international bullion prices. 24K gold is priced at ₹14,433 per gram, while 22K gold stands at ₹13,230 per gram. The rate for 18K gold is ₹10,825 per gram. Investors continue to monitor Federal Reserve policy signals, inflation data, and currency market movements for clues on future gold price direction. While short term volatility remains, gold continues to attract long term investors seeking protection against economic uncertainty and market fluctuations.

Gold Rates in Mumbai on 18 June 2026: Bullion Prices Stay Resilient

Gold prices in Mumbai tracked the national average today as domestic bullion markets experienced a mild pullback. 24K gold is priced at ₹15,110 per gram, while 22K gold stands at ₹13,850 per gram. The rate for 18K gold is ₹11,332 per gram. Investors continue to monitor Federal Reserve policy signals, treasury yields, and global economic data for market direction. Ongoing geopolitical uncertainty and central bank buying activity continue to provide support for safe haven demand. Mumbai’s active bullion and jewellery markets are maintaining stable trading conditions.

Gold Rates in Mumbai on 12 June 2026: Bullion Market Sees Positive Momentum

Gold prices in Mumbai remained aligned with the national average as bullion markets gained strength today. 24K gold is priced at ₹14,858 per gram, while 22K gold stands at ₹13,620 per gram. The rate for 18K gold is ₹11,144 per gram. Investor sentiment has improved as markets weigh the possibility of future interest rate adjustments and monitor global economic conditions. Ongoing geopolitical tensions, central bank reserve accumulation, and inflation concerns continue to support demand for gold as a defensive asset. Mumbai’s active bullion market continues to witness steady retail and investment participation.

Gold Rates in Mumbai on 8 June 2026: Bullion Market Witnesses Mild Weakness

Gold prices in Mumbai followed the national trend today, reflecting a modest decline in bullion sentiment. 24K gold is priced at ₹15,169 per gram, while 22K gold stands at ₹13,905 per gram. The rate for 18K gold is ₹11,377 per gram. Investors continue to monitor U.S. economic data, treasury yields, and interest rate expectations for clues about future market direction. Gold remains supported by geopolitical tensions, central bank buying, and concerns about global growth prospects. However, stronger equity markets and a resilient U.S. dollar are currently limiting upward momentum in bullion prices.

Gold Rates in Mumbai on 2 June 2026: Gold Prices Remain Steady

Gold prices in Mumbai remained unchanged today, following the national average trend. 24K gold is priced at ₹15,622 per gram, while 22K gold stands at ₹14,320 per gram. The rate for 18K gold is ₹11,717 per gram. As a major bullion trading hub, Mumbai closely tracks international gold market movements. Current price stability reflects balanced demand, cautious investor activity, and steady global cues. Gold continues to be shaped by U.S. dollar strength, treasury yields, interest rate expectations, and geopolitical uncertainty.

Gold Rates in Mumbai on 27 May 2026: Gold Prices Hold Steady Amid Global Volatility

Gold prices in Mumbai have remained relatively stable despite continued volatility in international bullion markets. 24K gold is priced at ₹15,829 per gram, while 22K gold stands at ₹14,510 per gram. The rate for 18K gold is ₹11,872 per gram. Compared with previous trading sessions, prices have shown only slight corrections as investors closely monitor global economic developments. Gold prices continue to be affected by Federal Reserve policy expectations, treasury yield fluctuations, and movements in the U.S. dollar index. While ongoing geopolitical tensions and inflation concerns continue to support safe haven demand, stable investment activity in Mumbai is helping maintain positive market momentum.

Gold Rates in Mumbai on 21 May 2026: Gold Prices Maintain Positive Momentum

Gold prices in Mumbai have increased modestly, following the broader national trend. 24K gold is priced at ₹15,993 per gram, while 22K gold stands at ₹14,660 per gram. The rate for 18K gold is ₹11,995 per gram. Compared with the previous session, prices have edged higher due to continued strength in global bullion markets. Gold prices remain influenced by Federal Reserve policy expectations, treasury yield movement, and fluctuations in the U.S. dollar index. While ongoing geopolitical conflicts and concerns over slowing global economic growth continue to support safe haven demand, domestic investment buying in Mumbai is also contributing to the positive trend.

Gold Rates in Mumbai on 15 May 2026: Gold Prices See Continued Weakness

Gold prices in Mumbai have declined further, aligning with the national market trend. 24K gold is priced at ₹16,009 per gram, while 22K gold stands at ₹14,675 per gram. The rate for 18K gold is ₹12,007 per gram. Compared with the previous session, prices have moved lower due to stronger dollar movement and cautious investor sentiment. Gold prices continue to be influenced by elevated treasury yields, Federal Reserve policy outlook, and global currency fluctuations. Although geopolitical uncertainties and central bank reserve diversification continue to provide structural support, short term volatility remains tied to broader macroeconomic developments. In Mumbai, stable investment demand is helping support the market.

Gold Rates in Mumbai on 11 May 2026: Gold Prices See Mild Correction

Gold prices in Mumbai have declined slightly, following the national market trend. 24K gold is priced at ₹15,213 per gram, while 22K gold stands at ₹13,945 per gram. The rate for 18K gold is ₹11,410 per gram. Compared with the previous session, prices have edged lower as investors booked profits after recent gains. Gold continues to be influenced by strong U.S. dollar conditions, treasury yield fluctuations, and expectations regarding future interest rate decisions by major central banks. While ongoing geopolitical risks and central bank gold buying provide structural support, short term volatility remains tied to global macroeconomic developments. In Mumbai, investment demand remains stable.

Gold Rates in Mumbai on 5 May 2026: Prices Track National Weakness

Gold prices in Mumbai have declined, mirroring the national trend. 24K gold is priced at ₹14,918 per gram, while 22K gold stands at ₹13,675 per gram. The rate for 18K gold is ₹11,189 per gram. Compared with the previous session, prices have edged lower, indicating bearish sentiment. Gold continues to be impacted by strong U.S. dollar performance, elevated treasury yields, and expectations of higher interest rates, which limit demand. Although geopolitical risks remain present, they are not driving significant price movement. In Mumbai, steady investment and jewelry demand provide some stability.

Gold Rates in Mumbai on 28 April 2026: Gold Prices Follow Downtrend

Gold prices in Mumbai have declined sharply, aligning with national trends. 24K gold is priced at ₹15,300 per gram, while 22K gold stands at ₹14,025 per gram. The rate for 18K gold is ₹11,475 per gram. Compared with the previous session, prices have fallen significantly, indicating strong selling pressure. Despite ongoing geopolitical tensions including the U.S. Iran conflict, gold prices are not witnessing upward momentum. This is due to strong U.S. dollar performance, elevated treasury yields, and Federal Reserve policy expectations, which continue to limit gains. Additionally, profit booking is contributing to the downward movement.

Gold Rates in Mumbai on 22 April 2026: Gold Prices Remain Stable

Gold prices in Mumbai have remained largely stable with a slight downward bias. 24K gold is priced at ₹15,475 per gram, while 22K gold stands at ₹14,185 per gram. The rate for 18K gold is ₹11,606 per gram. Compared with the previous session, prices have edged lower, indicating consolidation. Despite ongoing geopolitical tensions, including the U.S.-Iran conflict, gold prices are not witnessing strong upward momentum. This is due to strong U.S. dollar performance, elevated treasury yields, and Federal Reserve policy expectations, which continue to limit gains. In Mumbai, steady demand supports market balance.

Gold Rates in Mumbai on 16 April 2026: Bullion Market Maintains Uptrend

Gold prices in Mumbai have recorded a slight increase, reflecting continued strength in the bullion market. 24K gold is priced at ₹15,557 per gram, while 22K gold stands at ₹14,260 per gram. The rate for 18K gold is ₹11,668 per gram. Compared with the previous trading session, prices have edged higher from ₹15,535 for 24K and ₹14,240 for 22K gold. Despite ongoing geopolitical tensions including the U.S. Iran conflict, gold prices are not witnessing sharp spikes. This is due to strong U.S. dollar conditions, elevated treasury yields, and Federal Reserve policy expectations, which continue to influence investor sentiment. In Mumbai, steady demand supports price stability.

Gold Rates in Mumbai on 10 April 2026: Gold Prices Show Upward Movement

Gold prices in Mumbai have recorded an increase, aligning with national trends. 24K gold is priced at ₹15,300 per gram, while 22K gold stands at ₹14,025 per gram. The rate for 18K gold is ₹11,475 per gram. Compared with the previous session, prices have edged higher from ₹15,148 for 24K and ₹13,885 for 22K gold. Despite ongoing geopolitical tensions including the U.S. Iran conflict, gold prices are not rising sharply. This is due to strong U.S. dollar performance, elevated treasury yields, and Federal Reserve policy expectations, which continue to limit gains. Additionally, improved sentiment is supporting the recovery. Physical gold and digital gold remain closely aligned in pricing.

Gold Rates in Mumbai on 6 April 2026: Gold Prices Show Mild Correction

Gold prices in Mumbai have seen a slight correction, aligning with broader domestic trends. 24K gold is priced at ₹14,913 per gram, while 22K gold stands at ₹13,670 per gram. The rate for 18K gold is ₹11,185 per gram. Compared with the previous session, prices have edged lower, reflecting cautious market sentiment. Despite ongoing geopolitical tensions including the U.S. Iran conflict, gold prices are not witnessing strong upward movement. This is due to strong U.S. dollar conditions, elevated treasury yields, and Federal Reserve policy expectations, which continue to influence investor behavior. Additionally, profit booking and weak demand are limiting gains. Mumbai, being a key bullion hub, reflects both global and domestic trends. Physical gold and digital gold remain closely aligned in pricing.

Gold Rates in Mumbai on 30 March 2026: Gold Prices Show Mild Recovery

Gold prices in Mumbai have shown a slight recovery, following broader domestic trends. 24K gold is priced at ₹14,728 per gram, while 22K gold stands at ₹13,500 per gram. The rate for 18K gold is ₹11,046 per gram. Compared with the previous session, prices have edged higher, indicating gradual stabilization. Despite ongoing geopolitical tensions, including the U.S.-Iran conflict, gold prices remain capped by strong U.S. dollar conditions, rising Treasury yields, and expectations of higher interest rates. These factors are reducing gold’s attractiveness as a non-yielding asset. Additionally, ETF outflows and profit booking are contributing to subdued momentum. Mumbai, being a key bullion hub, reflects both global and domestic trends. Physical gold, digital gold, and Gold ETFs track similar price movements, with Gold ETF valuation rules set to change from April 1, 2026.

Gold Prices in Mumbai on 24 March 2026: Slight Increase in Gold Rate

The gold prices in Mumbai have seen a slight increase following recent declines, reflecting a modest recovery in the bullion market. 24K gold is priced at ₹14,035 per gram, while 22K gold stands at ₹12,865 per gram. The rate for 18K gold is ₹10,526 per gram. Compared with the previous session, prices have inched higher from ₹14,002 for 24K and ₹12,835 for 22K gold. However, despite ongoing geopolitical risks, including the U.S.–Iran conflict and broader Middle East tensions, gold prices remain subdued. Analysts point to a strong U.S. dollar, high treasury yields, and expectations of sustained higher interest rates by the Federal Reserve as key factors limiting demand. Additionally, ETF outflows and profit booking by investors are contributing to downward pressure. As India’s primary bullion hub, Mumbai reflects both global trends and relatively weak domestic demand conditions.

Gold Prices in Mumbai on 17 March 2026: Gold Rate Encountered a Downtrend

On March 17th, gold prices in Mumbai have declined slightly, following broader movements in the domestic bullion market. 24K gold is priced at ₹15,862 per gram, while 22K gold stands at ₹14,540 per gram. The rate for 18K gold is ₹11,897 per gram. Compared with the previous trading session, prices have decreased marginally from ₹15,917 for 24K and ₹14,590 for 22K gold. As India’s key bullion trading hub, Mumbai closely tracks global price movements. Internationally, gold prices remain sensitive to U.S. Federal Reserve policy signals, treasury yields, and the strength of the U.S. dollar, which have recently capped gains. Meanwhile, geopolitical risks including U.S.–Iran tensions, Middle East instability pushing oil prices higher, and the Russia–Ukraine conflict continue to support safe-haven demand. However, profit-taking by investors and relatively weak physical demand in domestic markets have contributed to the recent price correction in Mumbai.

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Frequently Asked Questions

Find answers to common questions about this topic

The gold price today in Mumbai is primarily influenced by the rates issued by the India Bullion and Jewellers Association (IBJA). As the city is the gateway for gold imports in India, the price is calculated based on international market trends, import duties, and the USD-INR exchange rate, often setting the benchmark for other Indian cities.

The 24 karat gold price refers to 99.9% pure gold, which is typically used for investment bars and coins found in Zaveri Bazaar. The 22kt gold rate today applies to 91.6% pure gold, which is alloyed with other metals to provide the strength necessary for crafting the intricate designer jewellery popular across Mumbai’s retail showrooms.

The 916 gold rate today is the standard for 22K hallmarked gold. In a high-volume market like Mumbai, checking this rate ensures you are paying a fair price for the gold content. It is essential to look for the BIS hallmark on jewellery to verify that the purity matches the 916 standards.

The 18k gold price is most relevant for Mumbai consumers interested in diamond-studded or heavy gemstone jewellery. Since 18K gold contains 75% pure gold, it offers the enhanced durability needed to hold precious stones securely, making it a favourite for engagement rings and luxury fashion pieces in Bandra and South Mumbai.

The malabar gold rate is generally consistent across its various showrooms in Mumbai, from Andheri to Borivali. However, while the metal rate remains the same, the final invoice may vary based on specific design-making charges and the intricate nature of the piece being purchased.

While the GRT gold rate today is a major benchmark in South India, it serves as a valuable comparison point for Mumbai buyers looking at national jewellery brands. Mumbai investors often compare rates from multiple national retailers to ensure they are getting the most competitive price in the local market.

By exploring tanishq jewellery online, Mumbai shoppers can check transparent pricing and the latest design trends from the comfort of their homes. This helps in understanding the cost of gold today and the associated making charges before visiting a physical store in the city.

Given the high cost of gold today, many Mumbaikars prefer systematic investments. Tracking the 1-gram gold rate today allows investors to buy gold in small, affordable quantities, a practice that is increasingly popular among the city’s corporate workforce through digital gold platforms.

The 1kg gold price is a critical metric for bullion traders in Zaveri Bazaar and high-net-worth investors in the BKC financial district. While retail consumers focus on per-gram rates, the 1kg bulk rate is the foundation upon which daily retail prices are built.

The cost of gold today in Mumbai is driven by a combination of global and local factors. These include US Federal Reserve interest rate decisions, global geopolitical stability, and local demand fluctuations during major Maharashtrian festivals like Gudhi Padwa and Ganesh Chaturthi.