Gold Price in Mumbai

Updated on July 25, 2024, 9:35 a.m.

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gold

₹6,490.00/ Gram (22ct)

₹ 335.00

The gold rates in Mumbai today are ₹64,900.00 for 22 Karat and ₹69,560.00 for 24 Karat per 10 grams, as of the morning session. As the day goes on, the rate might change depending on the trade of the yellow metal. However, the rate you see above won’t be the same across the country. So, we have listed today's gold rates for Mumbai, the price movement over the last 30 days, and much more on this page. Keep reading!

Today’s Gold Rate in Mumbai

Gold rates vary across India due to different taxes and factors. In Mumbai, the prices for 22K and 24K gold differ. Find today's gold rates in Mumbai here.

Today 22 Carat Gold Price Per Gram in Mumbai (INR)

Gram Today Yesterday Change
1 gram ₹ 6,490.00 ₹ 6,825.00 ₹ 335.00 ▼
8 gram ₹ 51,920.00 ₹ 54,600.00 ₹ 2,680.00 ▼
10 gram ₹ 64,900.00 ₹ 68,250.00 ₹ 3,350.00 ▼
100 gram ₹ 649,000.00 ₹ 682,500.00 ₹ 33,500.00 ▼

Today 24 Carat Gold Price Per Gram in Mumbai (INR)

Gram Today Yesterday Change
1 gram ₹ 6,956.00 ₹ 7,306.00 ₹ 350.00 ▼
8 gram ₹ 55,648.00 ₹ 58,448.00 ₹ 2,800.00 ▼
10 gram ₹ 69,560.00 ₹ 73,060.00 ₹ 3,500.00 ▼
100 gram ₹ 695,600.00 ₹ 730,600.00 ₹ 35,000.00 ▼

Gold Rate Weekly Comparison - 22K vs 24K

Gold Rate in Mumbai for last 30 days(1 Gram)

Date 22K 24K
July 25, 2024 ₹ 6,490.00

(335.00)

₹ 6,956.00

(350.00)

July 24, 2024 ₹ 6,825.00

(0.00)

₹ 7,306.00

(0.00)

July 23, 2024 ₹ 6,825.00

(10.00)

₹ 7,306.00

(10.00)

July 22, 2024 ₹ 6,835.00

(0.00)

₹ 7,316.00

(0.00)

July 21, 2024 ₹ 6,835.00

(40.00)

₹ 7,316.00

(40.00)

July 20, 2024 ₹ 6,875.00

(30.00)

₹ 7,356.00

(30.00)

July 19, 2024 ₹ 6,905.00

(15.00)

₹ 7,386.00

(15.00)

July 18, 2024 ₹ 6,920.00

(0.00)

₹ 7,401.00

(0.00)

July 17, 2024 ₹ 6,920.00

(135.00)

₹ 7,401.00

(135.00)

July 16, 2024 ₹ 6,785.00

(20.00)

₹ 7,266.00

(20.00)

July 15, 2024 ₹ 6,805.00

(0.00)

₹ 7,286.00

(0.00)

July 14, 2024 ₹ 6,805.00

(20.00)

₹ 7,286.00

(20.00)

July 13, 2024 ₹ 6,825.00

(40.00)

₹ 7,306.00

(40.00)

July 12, 2024 ₹ 6,785.00

(25.00)

₹ 7,266.00

(25.00)

July 11, 2024 ₹ 6,760.00

(10.00)

₹ 7,241.00

(10.00)

July 10, 2024 ₹ 6,770.00

(30.00)

₹ 7,251.00

(30.00)

July 9, 2024 ₹ 6,800.00

(20.00)

₹ 7,281.00

(20.00)

July 8, 2024 ₹ 6,820.00

(0.00)

₹ 7,301.00

(0.00)

July 7, 2024 ₹ 6,820.00

(0.00)

₹ 7,301.00

(0.00)

July 6, 2024 ₹ 6,820.00

(60.00)

₹ 7,301.00

(60.00)

July 5, 2024 ₹ 6,760.00

(0.00)

₹ 7,241.00

(0.00)

July 4, 2024 ₹ 6,760.00

(65.00)

₹ 7,241.00

(65.00)

July 3, 2024 ₹ 6,695.00

(5.00)

₹ 7,176.00

(5.00)

July 2, 2024 ₹ 6,690.00

(5.00)

₹ 7,171.00

(5.00)

July 1, 2024 ₹ 6,685.00

(0.00)

₹ 7,166.00

(0.00)

June 30, 2024 ₹ 6,685.00

(19.00)

₹ 7,166.00

(19.00)

June 29, 2024 ₹ 6,666.00

(0.00)

₹ 7,147.00

(0.00)

June 28, 2024 ₹ 6,666.00

(6.00)

₹ 7,147.00

(6.00)

June 27, 2024 ₹ 6,660.00

(20.00)

₹ 7,141.00

(20.00)

June 26, 2024 ₹ 6,680.00

(20.00)

₹ 7,161.00

(20.00)

Historical Price of Gold Rate in Mumbai

Gold Price Movement in June 2024

Gold Rates 22K 24K
1st June rate ₹ 67,100.00 ₹ 71,910.00
30th June rate ₹ 66,850.00 ₹ 71,660.00
Highest rate in June 2024 ₹ 68,400.00 ₹ 73,210.00
Lowest rate in June 2024 ₹ 66,300.00 ₹ 71,110.00
Over all performance Falling Falling
% Change -0.37% -0.35%

Gold Price Movement in May 2024

2023 Gold Rates in Mumbai (10 Grams)

Months 22K 24K
December 2023 ₹57,940.00

(1300.00)

₹63,110.00

(1390.00)

November 2023 ₹56,640.00

(3050.00)

₹61,720.00

(3300.00)

October 2023 ₹53,590.00

(1700.00)

₹58,420.00

(1800.00)

September 2023 ₹55,290.00

(350.00)

₹60,220.00

(450.00)

August 2023 ₹55,640.00

(1250.00)

₹60,670.00

(1350.00)

July 2023 ₹54,390.00

(1550.00)

₹59,320.00

(1600.00)

June 2023 ₹55,940.00

(0.00)

₹60,920.00

(0.00)

May 2023 ₹55,940.00

(700.00)

₹60,920.00

(300.00)

April 2023 ₹55,240.00

(3400.00)

₹60,620.00

(3800.00)

March 2023 ₹51,840.00

(1650.00)

₹56,820.00

(1900.00)

February 2023 ₹53,490.00

(2350.00)

₹58,720.00

(3600.00)

January 2023 ₹51,140.00

(0.00) --

₹55,120.00

(0.00) --

2022 Gold Rates in Mumbai (10 Grams)

Months 22K 24K
December 2022 ₹49,440.00

(2840.00)

₹53,320.00

(2890.00)

November 2022 ₹46,600.00

(50.00)

₹50,430.00

(0.00)

October 2022 ₹46,650.00

(150.00)

₹50,430.00

(150.00)

September 2022 ₹46,500.00

(600.00)

₹50,280.00

(780.00)

August 2022 ₹47,100.00

(0.00) --

₹51,060.00

(0.00) --

Gold is one of the most valuable metals in India, and people have a deep affection towards it. Metal is an essential part of human life. No matter what the occasion is, people constantly invest in gold. But the rate of this precious metal keeps changing. The fluctuation is based on many factors, including where you invest in gold and global trends. In addition to its cultural value, it contributes to an excellent investment portfolio.

Therefore, the details mentioned below will help you comprehend the existing rate of gold in Mumbai, the factors that affect the cost of gold, how to buy gold in Mumbai, and what methodologies you should adopt for your investment. It is also advisable to check the authenticity and genuineness of gold before investing.

Gold Rate in Mumbai Today

Mumbai is among the most famous cities and the country’s financial capital. The highest number of gold purchasers and traders resides in the city. Gold is among the most valuable goods, and the residents check the price of gold before purchasing or selling gold. The price of gold in Mumbai for 22k is ₹6490.00 and for 24k, the rate is ₹6956.00.

How to Purchase Gold in Mumbai?

When purchasing gold in Mumbai, remember the following pointers and make your investment based on these considerations:-

Purity of Gold

When investing in gold, checking the purity of gold is crucial. Gold’s purity is measured in karats. 24-karat is the purest gold form that has 100% pure gold. This was followed by 22k gold. Therefore, whenever you invest in gold, ensure to invest in 24k or 22k.

Familiarising with the Buy-Back Terms

Before investing in gold, familiarise yourself with the buy-back terms of the seller. You need to completely comprehend the buy-back terms. It is also advisable to check whether your seller will buy back the gold at the same price.

Consider Whether to Invest in Gold Jewellery or Coins

You can invest in gold in numerous ways, like ornaments and jewellery, coins, bullion, etc. Before investing in gold, you need to be clear about which form of gold you will invest in. Do you want to purchase jewellery, coins, bullion or other gold forms? Be clear about that and then purchase gold in Mumbai.

Factors that impact Gold Rate Mumbai

Gold is a valuable metal used in various industries, such as technology, infrastructure, personal use in Indian households, etc. Several factors impact the rate of gold in Mumbai. Some of them are listed down below:-

  • Demand and Supply- If the demand for this precious metal is more than the supply in the City of Dreams, the rate of gold will increase. Conversely, if the demand for gold is lower than the supply, the rate of gold will fall.
  • Currency Markets- The gold rate in Mumbai and the domestic market is linked to currency markets, specifically the American Dollar Rate. If American dollars weaken, the price of gold will decrease due to weak universal cues.
  • Economic Situation- Gold can be considered a safe investment to hedge against negative monetary factors like inflation. Such economic aspects impact the demand for gold, which impacts its rate in Mumbai.
  • Rate of Interest- The rate of gold has an inverse relationship with prevailing rates of interest. If there is a rise in interest rates, there is a massive sell-off of gold, escalating supply. Gold is mostly purchased when the interest rates decrease, raising the demand.

Best Gold Investment Strategies in Mumbai

It is vital to move towards gold investment cautiously. There are certain methodologies that you need to consider when investing in gold in India’s financial capital:-

  • Level of Risk Tolerance- When thinking of gold investment, first evaluate your level of risk tolerance and then separate a sum of your hard-earned money for making that investment.
  • Allot Assets- Maintain a properly balanced allotment of your assets, even if your decision to invest in gold gives you a diverse portfolio.
  • Tailor Your Investment Strategies- Tune your methodologies based on your investment horizon. Gold investment will fetch you long-term benefits, but variations in the rate are critical.

In Mumbai, How is the Purity of Gold Evaluated?

The Indian Bullion Association analyses the price of gold in Mumbai and its genuineness. Dealers need to integrate the hallmark sign to prove that the gold they sell is pure. When buying gold, always check for the BIS hallmark. It consists of several components, such as the purity of gold in karats, the identification mark of the jeweller, and the hallmarking year. Gold, which consists of all these components, is pure hold. Checking the hallmark symbol is the easiest form of evaluating the purity of gold.

Frequently Asked Questions (FAQs)

Why does the gold rate in Mumbai keep fluctuating?

How is the gold rate fixed in Mumbai?

Which taxes are charged on investing gold in Mumbai?

How do you check the quality of gold in Mumbai?

What is the impact of GST on the price of gold in Mumbai?

What should you prefer- 22k or 24k gold?

What are the alternate ways to buy gold instead of physical gold?

How many grams of gold mean one tola?

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