Gold rate today in Mumbai
Indicative 24K, 22K and 18K gold rates for Mumbai, Maharashtra, derived from live international spot and updated continuously while markets are open. Silver included. The full formula is published — nothing here is hand-entered. Compare all cities to see where this one sits.
Gold in Mumbai ₹1,48,170 per 10 g (24K) · ₹1,35,822 (22K) · −0.62% on the session · silver ₹2,15,627 per kg · as of
Spot source: Swissquote Bank · FX: Frankfurter (European Central Bank) (2026-09-29) · as of · how this is derived
The rate above is the metal alone. A real bill adds the jeweller's making charges, and then 3% GST on the metal and the making charges together — the GST Council sets that rate; see the CBIC GST rate schedules.
Making charges are set by each jeweller — commonly 6–15% of metal value on machine-made pieces and higher on handwork — so nobody can put them in a rate board. Put yours into the calculator and it will break a total into metal, making and tax.
Open the jewellery price calculatorGold rate in Mumbai by weight
The same rate at the weights a purchase actually comes in. Every figure is the metal alone, ex-GST, derived from the per-gram rate in the card above — so these cannot drift away from the headline the way a hand-kept table would.
| Weight | 24K | 22K | 18K |
|---|---|---|---|
| 1 gram | ₹14,817 | ₹13,582 | ₹11,113 |
| 8 grams | ₹1,18,536 | ₹1,08,658 | ₹88,902 |
| 10 grams | ₹1,48,170 | ₹1,35,822 | ₹1,11,127 |
| 1 tola (11.664 g) | ₹1,72,822 | ₹1,58,420 | ₹1,29,617 |
| 100 grams | ₹14,81,696 | ₹13,58,222 | ₹11,11,272 |
The Mumbai market
Mumbai is the reference point for gold pricing in India. The country's bullion imports clear through here, the Multi Commodity Exchange is headquartered here, and the wholesale quotes that other cities mark up or down are set here first.
Zaveri Bazaar in Bhuleshwar is the largest precious-metals market in the country — several hundred jewellers and bullion traders in a few dense lanes off Kalbadevi Road. Wholesale dealing concentrates there, while retail chains cluster along Linking Road, Dadar and Borivali.
Because Mumbai sits closest to the import point, it usually carries the thinnest premium in the country. If you are comparing cities, this is the floor you are comparing against.
Gold-only movement, converted at today's INR rate
Ten daily closes per 10 grams, ex-GST. Read this as the movement in the metal: each past dollar close is converted at today's exchange rate, not at the rate that applied on the day, so the rupee column is not a record of what gold cost in Mumbai on those dates. Until we hold a daily USD/INR series, saying so is the honest version of this table.
| Date | 24K | 22K | 18K | Change |
|---|---|---|---|---|
| 29 Sept 2026 | ₹1,47,262 | ₹1,34,990 | ₹1,10,447 | −1.65% |
| 28 Sept 2026 | ₹1,49,732 | ₹1,37,254 | ₹1,12,299 | −2.05% |
| 27 Sept 2026 | ₹1,52,863 | ₹1,40,124 | ₹1,14,647 | −0.00% |
| 26 Sept 2026 | ₹1,52,863 | ₹1,40,124 | ₹1,14,647 | +0.38% |
| 25 Sept 2026 | ₹1,52,284 | ₹1,39,594 | ₹1,14,213 | −0.33% |
| 24 Sept 2026 | ₹1,52,793 | ₹1,40,060 | ₹1,14,595 | −1.43% |
| 23 Sept 2026 | ₹1,55,017 | ₹1,42,099 | ₹1,16,263 | +0.21% |
| 22 Sept 2026 | ₹1,54,689 | ₹1,41,798 | ₹1,16,017 | −0.63% |
| 21 Sept 2026 | ₹1,55,662 | ₹1,42,691 | ₹1,16,747 | −0.35% |
| 20 Sept 2026 | ₹1,56,212 | ₹1,43,194 | ₹1,17,159 | +0.00% |
How this rate is worked out
We start from the international spot price of gold in US dollars per troy ounce, convert it to rupees per gram at the European Central Bank's daily reference rate, add India's 15% import duty, and apply a flat trade premium. We treat Mumbai as the base city, so no regional adjustment is applied to it at all. Every other city on this site is quoted relative to the Mumbai figure.
Purities follow exact ratios: 22K is 22/24 of the 24K rate, 18K is 18/24. The methodology page gives every constant, the date it was last checked, and an explicit list of what this figure cannot tell you.
Our Mumbai figure applies a fixed regional adjustment to a nationally derived rate. We do not survey local jewellers or publish any bullion association's rate. Treat it as a well-documented reference level, and expect a counter price to differ. See the risk disclaimer.
24K, 22K and 18K — which one applies to you
| Karat | Hallmark | Purity | Typically used for |
|---|---|---|---|
| 24K | 999 | 99.9% | Coins, bars, investment metal. Too soft for most jewellery. |
| 22K | 916 | 91.6% | The standard for Indian gold jewellery. |
| 18K | 750 | 75.0% | Diamond settings and contemporary designs; harder and more durable. |
The hallmark number is the purity in parts per thousand, and each rate is an exact fraction of the 24K figure. 22K vs 24K gold and what 916 means covers the alloy, how to read a BIS hallmark and how to check one.
Duty, GST and hallmarking
Import duty of 15%. India imports almost all of its gold, and the customs duty on it is 15% (10% basic customs duty + 5% AIDC), administered by the Central Board of Indirect Taxes and Customs. That duty is inside the rates on this page, because it is inside the price a shop pays for its metal.
GST of 3% is not. Indian rate boards quote ex-GST by convention and so do we. Gold and gold jewellery are taxed at 3% of the transaction value — see the CBIC GST rate schedules — and that value includes making charges, not just the metal. The jewellery price calculator applies both.
Hallmarking is mandatory. Gold jewellery sold in India must carry a BIS hallmark: the BIS mark, the purity grade (999, 916, 750) and a six-digit HUID. Check all three before paying, and see the BIS hallmarking FAQs for what each mark means and how to verify one.
Frequently asked questions
Why is the Mumbai gold rate usually the lowest in India?
Mumbai is where imported bullion lands and where the wholesale market clears. Other cities add the cost of moving metal inland plus their own local demand, so they price at or above Mumbai rather than below it.
Is the Zaveri Bazaar rate the same as the rate on this page?
No. Zaveri Bazaar dealers quote their own wholesale prices, which move through the day and vary between dealers. Our figure is derived from international spot plus duty and a flat premium — a reasoned estimate of the level, not a dealer's quote.
Does this rate include GST?
No. Like Indian rate boards generally, our headline figure is ex-GST. You will pay an additional 3% GST on the metal value plus making charges when you buy.
What is the difference between the MCX gold price and this rate?
MCX quotes futures contracts — a price for delivery on a future date, in standard lot sizes. Our figure is a spot-derived retail-style rate per 10 grams. The two track each other but will not match exactly.
Silver rate in Mumbai
The silver figure in the card above is the national rate per kilogram, ex-GST — we apply the same regional adjustment to silver as to gold, and no city-specific silver survey sits behind it. Silver price today carries the ounce, gram and kilogram quotes, the ten-day board and the gold/silver ratio.
Gold rates in other cities
Rates are indicative and exclude GST. Read the methodology, the risk disclaimer and the terms of use.