Gold Price Today in Mumbai

Today's gold rate in Mumbai is ₹13,358 per gram for 22K gold and ₹14,572 per gram for 24K gold. Prices are updated daily based on the IBJA (India Bullion and Jewellers Association) rate and include applicable state taxes for Maharashtra.

Mumbai's Zaveri Bazaar in the heart of the city is India's largest gold and jewellery market, handling an estimated 20–25% of India's gold trade. Over 8,000 jewellers operate in and around Zaveri Bazaar. Mumbai is also home to the Bombay Bullion Association (BBA), which publishes daily gold and silver rates.

Mumbai's diverse population — Gujaratis, Marwaris, Sindhis, and Maharashtrians — all have strong gold-buying traditions. Maharashtrian brides traditionally receive 'green bangles' (patlya) alongside gold at weddings. Gold purchasing peaks during Gudi Padwa and Navratri.

Buying tip: Mumbai gold prices are typically slightly higher than Delhi due to higher Maharashtra VAT and urban premiums. For better rates on investment gold (coins/bars), consider banks or reputed dealers like Malabar Gold and MMTC-PAMP over local jewellers.

GST of 3% is applicable on all gold purchases in India. For investment gold (coins, bars), making charges are typically lower than jewellery. Always insist on a BIS hallmark certificate when buying gold in Mumbai.