Gold Rate in Mumbai Today

Gold Rate in Mumbai Today — Wholesale & Retail Price

Gold rates in Mumbai often differ from other Indian cities due to local factors like state taxes, octroi charges, transportation costs, and the strength of demand in Mumbai. We track both the wholesale spot rate and the retail rate in Mumbai daily so you always know exactly what gold is worth here before walking into a jeweller.

Before purchasing gold jewellery in Mumbai, keep in mind that the prices shown on this page reflect the base gold rate. Jewellers will add making charges on top of this, which can range from ₹150 to ₹500 per gram depending on the design and the shop.

How Is Gold Purity Evaluated in Mumbai?

Gold purity in Mumbai — as across India — is evaluated and certified by the Bureau of Indian Standards (BIS) through its hallmarking system. All hallmarked gold jewellery carries the BIS logo, the purity grade (such as 24K, 22K, 18K), and the jeweller's identification mark. Always look for the BIS hallmark before purchasing to ensure you are getting the purity you are paying for.

Alternatives to Buying Physical Gold in Mumbai

Physical gold bought at a jewellery shop is the traditional route, but there are several other ways to invest in gold in Mumbai:

• Sovereign Gold Bonds (SGBs) — government securities issued by the RBI, denominated in grams of gold. They pay a fixed interest and have no storage risk.
• Gold ETFs — open-ended mutual fund schemes that track the price of gold. One unit is equivalent to one gram of 99.5% pure gold and can be bought and sold on the stock exchange.
• Digital Gold — buy and sell fractional amounts of gold online through apps and payment platforms, stored in secure vaults on your behalf.
• Gold Mutual Funds — fund of funds that invest in gold ETFs, suitable for those without a demat account.