Gold Rates Comparison in Mumbai: 18K vs 22K vs 24K
Here is how the gold rates today compare in Mumbai across 18k, 22k and 24k, helping you compare prices across purity and weight.
18 Karat Gold Rate Comparison
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| 1g | ₹10,996 | ₹11,314 | ₹318 |
| 10g | ₹109,956 | ₹113,140 | ₹3,184 |
| 12g | ₹131,947 | ₹135,768 | ₹3,821 |
22 Karat Gold Rate Comparison
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| 1g | ₹13,429 | ₹13,818 | ₹389 |
| 10g | ₹134,293 | ₹138,181 | ₹3,888 |
| 12g | ₹161,152 | ₹165,817 | ₹4,666 |
24 Karat Gold Rate Comparison
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| 1g | ₹14,661 | ₹15,085 | ₹424 |
| 10g | ₹146,608 | ₹150,853 | ₹4,245 |
| 12g | ₹175,930 | ₹181,024 | ₹5,094 |
Gold Rate Calculator: Calculate Gold Price Today in Mumbai
Gold rate calculators factor in essential considerations like weight, purity and current market rates to remove guesswork and give you accurate estimations. Use the gold rate calculator to get the best estimate of the current value of your gold in Mumbai, based on today’s rates for 18K, 22K, and 24K gold.
Gold Price Chart and Trend in Mumbai
Gold prices in Mumbai have shown a clear upward trend over the past decade, shaped by global uncertainty, inflationary pressures, and the city’s consistently strong demand. As India’s primary bullion trading hub, Mumbai often reflects early price movements. Festival and wedding-season buying has repeatedly supported higher retail prices, even during periods of broader economic slowdown.
| Date | 18K Pure Gold | 22K Pure Gold | 24K Pure Gold |
|---|---|---|---|
| 02/04/2026 | ₹ 109,956 | ₹ 134,293 | ₹ 146,608 |
| 01/04/2026 | ₹ 113,140 | ₹ 138,181 | ₹ 150,853 |
| 30/03/2026 | ₹ 110,050 | ₹ 134,407 | ₹ 146,733 |
| 27/03/2026 | ₹ 107,207 | ₹ 130,935 | ₹ 142,942 |
| 25/03/2026 | ₹ 109,654 | ₹ 133,924 | ₹ 146,205 |
| 24/03/2026 | ₹ 105,315 | ₹ 128,625 | ₹ 140,420 |
| 23/03/2026 | ₹ 104,677 | ₹ 127,845 | ₹ 139,569 |
| 20/03/2026 | ₹ 110,414 | ₹ 134,852 | ₹ 147,218 |
Historical Gold Rates in Mumbai: Last 7 Days
The table below explores the gold rate in Mumbai over the last 7 days, giving you an insight into recent price fluctuations.
Gold Rate in India
Factors Affecting Today’s Gold Rate in Mumbai
As India’s key bullion hub, Mumbai quickly mirrors international price changes while reflecting regional buying patterns. In 2025, gold has seen one of its strongest annual rises in recent years, driven by sustained global cues and firm domestic demand.
- Global gold prices and international markets:The recent third consecutive interest rate cut by the US Federal Reserve was met with a rise in gold prices, impacting the current rate.
- INR-USD exchange rate:In recent weeks, the rupee has weakened as the US dollar strengthened and uncertainty around US-India trade talks continued. This has pushed up the landed cost of gold in Mumbai, even when global prices have been steady.
- Import duty on gold:Gold prices in Mumbai today continue to reflect the lower landed costs following the reduction of gold import duty to 6% in 2024. This reduced input costs for bullion traders, helping contain sharper price spikes at the wholesale and retail level and supporting steadier pricing in the city’s gold markets.
- Local demand and seasonal factors:Gold prices in Mumbai are supported by seasonal demands, with steady buying of gold bars and coins in markets like Zaveri Bazaar as consumers continue purchases despite elevated prices.
Techniques to Check Purity of Gold in Mumbai
Here are the most common methods used by jewellers to test the purity of your gold in Mumbai:
- Hallmarking: Among the most reliable methods across India, thanks to BIS certification that shows karatage stamps, BIS logo, hallmarking centre’s mark, and the jeweller’s ID. BIS-certified jewellers are commonly found in areas like Zaveri Bazaar and Crawford Market.
- Acid Test (Touchstone Method): Traditional and quick technique where gold is rubbed on a touchstone, then acid is applied. Pure gold remains unaffected, while lower-purity gold dissolves or changes colour.
- X-Ray Fluorescence (XRF) Testing: A modern, accurate and non-destructive electronic testing method, it analyses the gold composition within seconds without damaging jewellery.
- Fire Assay Method: Official assaying centres use this technique that is accurate but also destructive. A gold sample is melted at high temperatures to separate the pure gold from other metals, providing accurate purity for hallmarking certification.
- Electronic Gold Testing Machines: Handheld devices using electrical conductivity to determine purity instantly. Convenient but less accurate than XRF or fire assay methods.
Impact of GST on Gold Rates in Mumbai
While GST has brought transparency and uniform taxation, it remains an important component of overall gold pricing in Mumbai. A 3% GST on gold value and a 5% GST on making charges add to the final price paid by consumers. For example, on 10 grams of 22K gold worth ₹65,000, you pay ₹1,950 as GST on gold, plus if making charges are ₹10,000, an additional ₹500 GST applies to that, totalling ₹2,450 in taxes.
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Frequently Asked Questions
Gold rates in India are determined based on various global and domestic factors, including international gold prices, currency exchange rates, import duties, and domestic demand
Multivariate factors, including global market trends, USD–INR exchange rate, inflation, market uncertainty, festive demand, and government policies, influence the gold rate in India.
Jewellers calculate the daily gold prices in India using the global benchmark price, import costs, exchange rates, and other purity-level adjustments.
The average price of 1 gram of gold varies by purity (24K, 22K, or 18K) and by city. You can check the city-wise gold rate today in India on the Poonawalla Fincorp website.
There are approximately 11.6638 grams of gold in one tola of gold.
To ensure the purity of gold in India, refer to BIS hallmarking, a karat meter test, an acid test, or visit a certified jeweller for purity verification.
KDM gold uses cadmium in soldering and is no longer approved due to health concerns. Hallmarked gold is certified by BIS for purity and authenticity. It is the recommended standard.
You should check the gold purity (hallmark), take into account making charges and GST impact, today’s gold price, the jeweller's credibility, and buy-back/return policies when buying gold based on today’s gold rates in India.