Gold in Mumbai is ₹14,943 a gram for 24 carat and ₹13,688 a gram for 22 carat, which is ₹1,49,430 and ₹1,36,878 per 10 grams on the IBJA afternoon fix of 9 Oct 2026. That is up 1.21% on the previous session. Add 3% GST and the jeweller's making charge to reach a bill.
Checked at source 9 Oct 2026·India Bullion and Jewellers Association (IBJA)
Gold rate in Mumbai today, by purity
Every hallmark grade sold in India, at each weight a counter quotes. The 916 row is what most jewellery is sold as; the 999 row is what a coin or a bar is. Neither figure includes GST or making.
Checked at source 9 Oct 2026·India Bullion and Jewellers Association (IBJA)
Gold price in Mumbai, session by session
IBJA fixes twice a trading day. The morning fix sets the rate most shops open on and the afternoon fix is what the day closes at, so a piece quoted late can differ from one quoted at eleven.
Checked at source 9 Oct 2026·India Bullion and Jewellers Association (IBJA)
Gold over five years, in rupees
Measured in rupees rather than dollars, because a rupee buyer’s return is the metal and the currency together.
Checked at source 29 Sep 2026·LBMA benchmark prices, converted at ECB reference rates
Checked at source 29 Sep 2026·COMEX front-month converted at USD/INR spot
Gold year by year
Checked at source 29 Sep 2026·COMEX front-month converted at USD/INR spot
Where to buy gold in Mumbai
The gold trade in Mumbai sits in Zaveri Bazaar, Kalbadevi. India’s largest bullion market and the seat of the IBJA fix; roughly two-thirds of the country’s gold trade is priced through it.
Jewellery houses founded in Mumbai or elsewhere in Maharashtra include Tribhovandas Bhimji Zaveri, Waman Hari Pethe and Popley. A chain’s own board rate is its rate, not the benchmark: it already carries the house’s premium and it is the making charge underneath, not the headline, that decides what the piece costs.
The west buys both jewellery and bar. Bullion dealing and retail sit close together, so a buyer who wants metal rather than ornament can usually get a coin or a bar at a thinner premium than in a city with no wholesale trade of its own.
- Bullion market
- Zaveri Bazaar, Kalbadevi
- BIS hallmarking centres
- 90 operative
- State
- Maharashtra
India's largest bullion market and the seat of the IBJA fix; roughly two-thirds of the country's gold trade is priced through it.
Jewellery houses founded in Mumbai or its state: Tribhovandas Bhimji Zaveri, Waman Hari Pethe, Popley.
Checked at source 9 Sep 2026·huid.manakonline.in
Owning gold without taking delivery of it
Every route below tracks the same metal. What separates them is cost and what happens when you sell: an exchange-traded fund charges an expense ratio and sells back at the market price, while jewellery charges a making charge that is gone the moment you leave the shop.
Checked at source 10 Oct 2026·portal.amfiindia.com
What gold’s own numbers imply from here
Realised volatility over the last year is 26.9% annualised. Applied to the fix of ₹1,49,430, that puts about two years in three inside these bounds.
How gold has moved by month
Average move from the first close of the month to the last, over every complete month in the five-year series.
Checked at source 29 Sep 2026·Computed from five years of daily closes
Tax when you sell gold
Checked at source 17 Aug 2026·Income Tax Act, as amended by the Finance Act
Hallmarking centres in Mumbai
Mumbai has 90 operative BIS-recognised assaying and hallmarking centres, which places it 1st of the fifty cities on this site. That is one of the deepest concentrations in the country and it is the reason a second opinion on purity is easy to get here: Mumbai alone holds 6.6% of every operative centre in India. Hallmarking is compulsory on gold jewellery, and the mark carries a six-digit HUID that can be checked against the BIS register before money changes hands. Every centre below is named in that register.
Checked at source 9 Sep 2026·huid.manakonline.in
Silver in Mumbai
Both legs are the IBJA fix for the same session, so the ratio moves only when one metal moves against the other.
Common questions
What is the 24 carat gold rate in Mumbai today?
Gold of 999 fineness is ₹14,943 a gram, or ₹1,49,430 per 10 grams, on the IBJA fix of 9 Oct 2026. That figure excludes 3% GST.
What is the 22 carat gold rate in Mumbai today?
Gold of 916 fineness is ₹13,688 a gram, or ₹1,36,878 per 10 grams. It is 91.6% gold, which is why it is 8.4% below the 24 carat rate.
What does one tola of gold cost in Mumbai?
A tola is 11.66 grams, so 24 carat gold works out at ₹1,74,292 and 22 carat at ₹1,59,652, before GST.
Why does the gold rate in Mumbai differ from the price a jeweller quotes?
The fix is the metal alone. A bill adds 3% GST and a making charge, which on jewellery commonly runs between 8% and 25% of the metal value depending on the design, and is not recovered when the piece is sold back.
Does the gold rate change by city?
IBJA fixes one rate for India and it is the rate lenders and jewellers price against. What changes locally is the making charge, the dealer premium on small pieces and how much competition there is: Mumbai has 90 BIS-recognised assaying and hallmarking centres.
Has gold gone up or down over the last year?
Gold is up 17.7% over twelve months, and up 208.5% over five years, measured in rupees.
Other cities in Maharashtra
Gold rates across India
- Gold rate in Kolkata
- Gold rate in Delhi
- Gold rate in Ahmedabad
- Gold rate in Chennai
- Gold rate in Coimbatore
- Gold rate in Bengaluru
- Gold rate in Hyderabad
- Gold rate in Surat
- Gold rate in Rajkot
- Gold rate in Jaipur
- Gold rate in Thrissur
- Gold rate in Patna
- Gold rate in Lucknow
- Gold rate in Kanpur
- Gold rate in Madurai
- Gold rate in Kochi
- Gold rate in Varanasi
- Gold rate in Cuttack
- Gold rate in Kozhikode
- Gold rate in Meerut
- Gold rate in Ghaziabad
- Gold rate in Jodhpur
- Gold rate in Raipur
- Gold rate in Indore
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