Gold Rate Today in Mumbai
Jewellery Gold
₹13,987/g
₹1,39,870 · 10g
Pure Gold
₹15,258/g
₹1,52,580 · 10g
Updated today
Price Trend
What You Actually Pay
22K · Adjust weight and making charges
Effective rate: ₹16,173/g
Gold Market in Mumbai
Mumbai's Zaveri Bazaar in Kalbadevi is one of India's largest bullion and jewellery markets — thousands of wholesalers, retailers, and goldsmiths operate within a few square kilometres. Retail buyers can get sharp prices here if they shop around; established names like Waman Hari Pethe (a Zaveri Bazaar institution since 1879) are trusted starting points. Dhanteras and Akshaya Tritiya see the heaviest footfall citywide. For investment gold, HDFC Bank, SBI, and major jewellery chains offer 24K coins at near-rate pricing. Making charges in Mumbai range from 10% to 25% depending on design — always ask for an itemised bill and negotiate.
Frequently Asked Questions
Where is the best place to buy gold jewellery in Mumbai?
Zaveri Bazaar in Kalbadevi is Mumbai's wholesale gold hub — retail buyers are welcome and the competition between shops keeps prices sharp. For branded retail, Tanishq, Malabar Gold, and PNG Jewellers have outlets across the city. For 24K investment coins, HDFC Bank, SBI, and MMTC-PAMP outlets offer competitive pricing. If you're in the suburbs, most major malls have a Tanishq or Malabar Gold outlet.
What making charges should I expect in Mumbai?
Making charges in Mumbai range from 10% to 25% depending on design complexity. Zaveri Bazaar wholesale shops typically charge 8–12% for plain designs. Branded stores charge 14–22% but usually offer better buyback policies. Always ask for the making charge as a percentage before you commit — and get an itemised bill showing gold value, making charges, and GST separately.
Should I buy 22K or 24K gold in Mumbai?
For jewellery, 22K (916 hallmark) is the standard — it's the right balance of purity and durability for everyday wear and bridal sets. 24K is too soft for jewellery. For pure investment, 24K coins from MMTC-PAMP, HDFC Bank, or SBI are the most reliable — they come with certificates, have near-zero making charges, and resale is straightforward at any major bank or jeweller.
Is Zaveri Bazaar safe for retail gold buyers?
Yes — Zaveri Bazaar has been Mumbai's gold hub for over a century and most established shops are BIS-registered. Always buy BIS hallmarked gold and verify the HUID (Hallmark Unique ID) on the BIS Care app before purchasing. Avoid shops that resist showing the hallmark or HUID. Carry cash or use UPI — card payments sometimes attract a 1–2% surcharge at smaller shops.