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Today’s Gold Rate in Mumbai

Gold Price in Mumbai

Last Updated 21st Sep 2020

The gold price in Mumbai for 22-carat gold is ₹ 50,490 and for 24-carat gold is ₹ 51,490.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 51,490 50,490
Gold Rate Mumbai Sep 2020
Highest Rate 51,750 50,750
Lowest Rate 50,340 49,340
Average Rate 50,854 49,854

Gold Price Today in Mumbai

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Mumbai. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Mumbai. The gold rates in Mumbai are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Mumbai today is ₹ 50,490 for 22-carat gold, whereas for 24-carat gold it is ₹ 51,490.

Historical Price of Gold Rate in Mumbai

24 Carat Gold Price in Mumbai 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
September 2020
50,340 51,750
August 2020
51,350 55,400
July 2020
47,460 52,900
June 2020
45,620 48,410
May 2020
45,300 47,600
April 2020
41,670 47,150
March 2020
40,200 44,320
February 2020
40,240 43,000
January 2020
39,200 41,150

24 Carat Gold Price in Mumbai 2019

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2019
37,700 38,950
November 2019
38,000 38,990
October 2019
37,250 38,880
September 2019
37,500 40,145
August 2019
34,800 39,130
July 2019
34,000 35,350
June 2019
32,380 34,660
May 2019
30,270 32,530
April 2019
31,900 32,290
March 2019
32,160 34,660
February 2019
32,500 34,030
January 2019
32,020 33,580

22 Carat Gold Price in Mumbai 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
September 2020 49,340 50,750
August 2020 50,350 54,500
July 2020 46,460 51,900
June 2020 44,620 47,410
May 2020 44,300 46,600
April 2020 40,670 46,150
March 2020 39,200 43,320
February 2020 39,240 42,000
January 2020 38,200 40,150

22 Carat Gold Price in Mumbai 2019

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2019 36,700 37,950
November 2019 37,000 37,990
October 2019 36,250 37,880
September 2019 36,500 38,200
August 2019 33,800 37,950
July 2019 32,490 35,400
June 2019 30,600 33,660
May 2019 29,940 32,050
April 2019 30,120 30,510
March 2019 30,380 33,660
February 2019 30,720 32,230
January 2019 30,140 31,700

From where to buy gold jewellery in Mumbai

When buying gold in Mumbai, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Mumbai for buying gold jewellery are Tansihq Showroom, PN Gadgill and Sons, ORRA Jewellery, Rushabh Jewellers, Gayatri Gold Palace and Siddharth Jewellers. Other large Stores that sell certified and hallmark jewellery in Mumbai are Manoj Ornaments, Bhairav Jewellers and Dhanlaxmi Jewellers.

List of banks providing gold loan in Mumbai

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Mumbai that provide loan against gold jewellery are:

About Mumbai

Mumbai, is considered as the commercial capital of India and also one of the most popular market for gold in the country. Gold rates in Mumbai depends upon the various international factors like global production, strength of currency, prevailing market conditions, prices of other commodities etc. Gold in Mumbai is available in various forms such as physical gold which includes jewellery, ornaments, gold coins and bars etc. Gold in the city can be purchased from a wide range of gold traders dealing in Gold.


What is the gold price in Mumbai for 916 hallmark gold?

The gold price in Mumbai for 916 hallmark gold is ₹ 50,490. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Mumbai today?

The price of 1 gm gold in Mumbai today is ₹ 5,149 for 24 carats of gold and ₹ 50,490 for 22 carats gold. 

What is the rate of 23-carat gold in Mumbai?

The rate of hallmark gold of 23-carat in Mumbai is ₹ 51,490.

How is today’s gold rate in Mumbai 916 determined?

The gold rates in Mumbai is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Mumbai is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Mumbai?

Checklist for buying gold in Mumbai involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

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