Gold Price Today in Mumbai — 31 March 2026
Last updated: 30 March 2026
| Weight | 24K | 22K |
|---|---|---|
| 1g | ₹14,630 | ₹13,411 |
| 8g | ₹1,17,040 | ₹1,07,288 |
| 10g | ₹1,46,300 | ₹1,34,110 |
| 100g | ₹14,63,000 | ₹13,41,100 |
| 1kg | ₹1,46,30,000 | ₹1,34,11,000 |
Mumbai is India's largest gold market and financial capital, with Zaveri Bazaar and other hubs driving significant daily trading. The city's gold prices typically align closely with MCX rates, with minor variations from the Bombay Bullion Association. Today, 24K gold in Mumbai is priced at ₹14,630 per gram.
Mumbai jewellers often add making charges between 8% and 15% over the gram rate. Hallmark certification is widely available. The city's proximity to bullion refiners keeps premiums competitive.
30-Day Gold Price Trend in Mumbai
Factors Affecting Gold Price in Mumbai
Gold prices in Mumbai are influenced by the Multi Commodity Exchange (MCX) benchmarks, which reflect global spot prices, rupee-dollar dynamics, and import duties. When international gold rises or the rupee weakens, local rates tend to follow.
State-level taxes and levies affect the final price in Mumbai. The Goods and Services Tax (GST) of 3% on gold jewellery applies uniformly, but local octroi or other levies may create small differences compared to other cities.
Demand cycles play a key role. During weddings, festivals like Diwali, Dussehra, and Akshaya Tritiya, and local celebrations in Maharashtra, demand surges and jewellers may add a small premium. Off-season periods often see slightly softer rates.
Jeweller association rates in Mumbai provide a reference, but individual stores may quote marginally different prices based on inventory, making charges, and design complexity. Always compare at least 2-3 jewellers before buying.
Mumbai vs Nearby Cities
Frequently Asked Questions
What is the gold price in Mumbai today?
Today's gold price in Mumbai varies slightly based on local jeweller rates. Check the table above for 24K and 22K rates per gram.
What is 22K gold price in Mumbai?
22K gold in Mumbai is priced as shown in the table above. 22K is 91.6% pure and preferred for traditional jewellery.
Why does gold price differ between cities?
Gold prices differ due to state taxes, local association rates, and demand. Cities like Mumbai and Delhi may have marginally different rates.
Where can I buy gold in Mumbai?
Mumbai has numerous certified jewellers. Look for BIS hallmark certification and compare rates at 2-3 stores before buying.
How is GST applied on gold in Mumbai?
GST of 3% applies on gold jewellery across India, including in this city. Gold coins and bars for investment may have different tax treatment.
Gold & Silver Prices in Other Cities
Compare gold prices in Mumbai with nearby cities: