Gold Rate Today in Mumbai (30 Oct '26)
as on 30 Oct '26
24K Gold/10gm
₹1,39,326.00
(0.00%)
22K Gold/10gm
₹1,27,715.50
(0.00%)
18K Gold/10gm
₹1,04,494.50
(0.00%)
Today's Gold Rate in Mumbai
The gold rate today in Mumbai (October 30, 2026) is ₹13,933 per gram for 24-carat gold, ₹12,772 per gram for 22-carat gold, and ₹10,449 per gram for 18-carat gold. For 10 grams, 24-carat gold costs ₹1,39,326.
Jewellery prices are usually higher than these rates because jewellers add 3% GST, making charges and their own markup.
If you want to buy gold without jewellery markup, you can use Gold Vault by Dhan. You buy 999 purity gold at live MCX rates with zero markup, it is stored safely in an insured vault, and you get it delivered to your home whenever you want. You can check the delivery cost for your location using our Gold Vault shipping rate calculator.
Today's Gold Rate in Mumbai for 18K, 22K & 24K
24K
22K
18K
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Gold Rate Trend in Mumbai
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Gold Rate Calculator
24K
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Current Gold Price (24K)
per gram · as on 01 Nov '26
₹13,933
Gold Quantity (grams)
1 gm100 gms
Making Charges (%)
0%20%
GST
3% on base price + 5% on making charges
NoYes
Total price of 10 grams of 24K gold in Mumbai
₹1,58,135
Incl. making charges & GST
Base price (10 gms × ₹13,933)
₹1,39,326
Making charges (10%)
₹13,933
GST
₹4,876
Prices are indicative and based on today's 24K gold rate in Mumbai. Actual price may vary by jeweller.
Last 10 Days Gold Rate in Delhi
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Last 6 Months Gold Rate in Mumbai
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Sorry, No Monthly Data Available for Mumbai at this Moment!
Gold Rate Today in Top Indian Cities
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Things to Know About Gold Market in Mumbai
Being India’s financial capital, Mumbai is one of the biggest gold trading centres in the Asian continent. Apart from its iconic skyline and bustling finance markets, this global finance hub beats with the rhythm of centuries-old gold trading practices, represented by the legendary Zaveri Bazaar, a name that symbolises one of the biggest gold markets in Asia.
Right from young investment-conscious professionals who regard gold as a hedge against investments to families who pass on their wealth and heritage through generations by preserving their precious possessions like gold, the relationship between Mumbai and gold is multidimensional.
As the globe witnesses record-breaking gold prices, with gold emerging as a safe-haven investment, understanding Mumbai’s gold markets is imperative for investors, jewellery buyers, and wealth planners.
Gold prices in Mumbai are influenced by a complex interplay of global and local factors:
- Global factors:
- International Gold Prices (USD/ounce)
- US Federal Reserve interest rate announcements
- Trends of Inflation and Geopolitical Tensions
- Dollar-Rupee Exchange Rate
- Domestic & Mumbai-specific factors:
- Import costs through Mumbai ports
- The festival and wedding season demand in Maharashtra
- Liquidity Conditions
- Demand from jewellers in Zaveri Bazaar and wholesale centres
A spot rate is the current trading rate of precious metals such as gold. Jewellers purchase gold at spot prices. While gold spot prices in Mumbai are determined using a blend of the following factors:
- International Gold Spot Prices
- Import duty and customs charges
- USD to INR conversion rates
- Local Bullion Premiums or Discounts
Large bullion players and banks update their gold rates multiple times throughout trading hours. These spot rates become the base price for jewellers and traders before adding charges and taxes.
This is the difference between the spot price of gold and its retail price in Mumbai, which is due to additional factors such as GST, making charges (labour/design), transport, insurance, and retailer margin, apart from the spot price that forms the base price for bulk gold quantities bought by the jewellers. Retail gold prices include these extra components for the final consumer purchase.
This "spread" covers operational costs and profit, making jewellery more expensive than the pure metal's market rate.
When one buys physical gold in Mumbai, the taxes and charges involved are:
On physical gold purchases:- GST on gold value: 3%
- GST on making charges: 5%
- Import duty: 6%
- Making charges: Making charges vary with the jeweller and the design
- Hall marking charges: Rs 45 per article, with a minimum charge of Rs 200 for a consignment.
When one buys digital gold instruments in Mumbai, the taxes and charges involved are:
- LTCG: For gold investments held for 24 months or more, LTCG is 12.5% (plus applicable cess and surcharge)
- STCG: For gold investments held less than 24 months, STCG is taxed according to the individual tax slab.
There is no separate tax for gold in the state of Maharashtra. Mumbai follows uniform national taxation, making it cost-efficient in terms of gold pricing.
Mumbai stands as one of India’s largest gold consumption centres, driven by unique cultural, economic, and investment factors. The factors that drive the gold consumption in Mumbai are:
- Large urban population with high purchasing power
- Strong wedding and festival business (Akshaya Tritiya, Dhanteras, weddings, Gudi Padwa)
- Investor Interest in Bars, Coins, ETFs, and Digital Gold
- Presence of export-oriented jewellery manufacturing units
When purchasing gold in Mumbai, one should be wary of the following:
- Non-Hallmarked gold jewellery
- Too many charges are being made without transparency
- No certification is involved for verbal purity claims.
- Different buy-back terms from the invoice value
- Fake gold selling
- BIS hallmark and Jeweller identification
- Invoices with weight, purity, GST, & other charges
- Clarity on buy-back or exchange policy
No, the gold rates in Mumbai aren't the same as other places in India; in fact, they tend to be a little lower since Mumbai is one of the big import centres for gold, which helps cut down transport charges. Taxes, demands, retailer margins, and specific jewellery costs (making charges, designs) also influence the differences in gold rates.
Strategic timing of buying gold can enable investors to get good deals while purchasing gold. Some occasions on which Mumbaikars prefer buying gold are:
- Dhanteras
- Diwali
- Akshaya Tritiya
- Gudi Padwa
- Pushya Nakshatra
In Mumbai, the legal recourse for gold-buying related grievances is through Consumer Protection legislation, with bodies such as the Bureau of Indian Standards (BIS). One can approach the Consumer Disputes Redressal Forum or BIS in case of any trouble, like fraud or purity of gold.
FAQs
While purchasing gold in Mumbai, there are some important factors that you need to keep in mind before making that purchase. These factors are:
- Purity and Hallmarking
- BIS Hallmark
- Gold Rate Today
- Making Charges
- GST and Taxes
- Buyback and Exchange Policy
- Reputation of the jeweller
- Purpose of Purchase
The highest price of 10 grams of 24K gold recorded in Mumbai was about ₹NaN for 10 grams on .
The current rate of 1 gram of gold in Mumbai is:
- 24K Gold: ₹NaN per gram
- 22K Gold: ₹0 per gram
- 18K Gold: ₹0 per gram
Dhan is a popular investment app that enables investors to purchase gold online. This is a step-by-step guide on how one can purchase gold using Dhan:
- Open a Demat account online (If New to Dhan)
- Add money to your Dhan account
- Pick your Gold investment option
- Gold ETFs (like ICICI Pru Gold ETF, Kotak Gold ETF etc.)
- Gold Mutual Funds (like ICICI Pru Regular Gold Savings FoF,Axis Gold Fund etc.)
- Gold Futures/Options (like Gold Option Chain)
- Place your order
Gold taxation in Mumbai follows the national Indian tax laws, involving Goods and Services Tax (GST) on purchase and Capital Gains Tax when sold.
Tax on Buying Physical Gold
When you buy physical gold in Mumbai, the following taxes are applicable:
- 3% GST is charged on the value of gold.
- An additional 5% GST is charged on the making charges.
Tax on Selling Gold
When you sell gold, any gain is liable for capital gains tax, the rate of which depends on:
- Short Term Capital Gains (STCG): If you sell physical gold within 24 months of purchasing it, then it gets added to your total income, which is subsequently liable for taxes as per your income tax slab rates.
- Long Term Capital Gains (LTCG): If sold off after 24 months, it is liable for tax at a flat rate of 12.5% (with cess and Surcharge).
Ways to test the purity of gold in Mumbai include:
- BIS Hallmark
- %Purity grade
- Assaying Center mark
- Jeweller's ID
- HUID
Gold rates in Mumbai is determined by global trends (USD rates, global demand) and Indian factors like import duty, GST, value of the Indian rupee against US dollar, seasonal demands (festivals/weddings), and local market rates determined by IBJA, among other factors that influence the final amount one pays for the purity of gold (like 24k, 22k, 18K) and making charges.
The current gold rate in Mumbai is ₹0 for 22 karat gold per gram and ₹NaN for 24 karat gold per gram.
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