Today's Gold Rate in Mumbai
Live gold spot prices, local jewelry shop markups, and comprehensive market analysis for Mumbai.
Shop Rates in Mumbai
| Karat | Local Market (INR) | Jewelry Shops (Est.) |
|---|---|---|
| 24K Gold | 559.15 | 569.00 - 579.00 |
| 22K Gold | 512.55 | 524.00 - 530.00 |
| 21K Gold | 489.25 | 497.00 - 504.00 |
| 18K Gold | 419.36 | 429.00 - 439.00 |
Retail Price & Making Charge Calculator
Famous Gold Markets in Mumbai
- Zaveri Bazaar
- Bandra Jewellery Quarter
- Malad and Borivali Showrooms
Top Rated Gold Shops Near You
- Tanishq
- Kalyan Jewellers
- Malabar Gold & Diamonds
Mumbai: Zaveri Bazaar, India’s Gold Engine Room
Zaveri Bazaar in Kalbadevi is one of the largest gold jewellery markets in Asia and the wholesale engine of India's trade: manufacturers, wholesalers and the head offices of national chains cluster within a few streets. Mumbai prices follow the IBJA reference built from international parity plus duty and GST, quoted per 10 grams. Retail buyers get the bazaar's unmatched range and competitive making charges, with BIS-hallmarked, HUID-coded pieces as the legal standard. If a design exists in Indian gold, it exists in Zaveri Bazaar first.
What Mumbai Buys
Mumbai's Maharashtrian heart buys 22k bridal and traditional pieces like the thushi and mohanmala, the city's cosmopolitan west buys 18k diamond work, and investors across the suburbs stack 24k coins and bars through the festival season. Every category prices off the same parity-plus-taxes base; only making charges separate one Zaveri lane from another.
More Gold Markets in India
Frequently Asked Questions
What is the gold price in Mumbai today?
Mumbai follows the national structure: live parity per 10 gram in INR is shown above, and retail quotes add about 6% import duty, 3% GST and making charges (with 5% GST on the making). Zaveri Bazaar making charges are among India most competitive.
Why buy gold in Zaveri Bazaar?
It is India’s wholesale heart: the widest design range, the deepest dealer competition and making charges that mall showrooms struggle to match. Insist on BIS hallmark and HUID on every piece.