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18 Carat Gold Rate Today in Mumbai

Check today's 18 carat gold rate in Mumbai per gram, with a 10-day price trend. Learn how 18 karat jewellery qualifies for a Bajaj Finance Gold Loan.
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Key takeaways

Gold prices can change regularly, so keeping a few important points in mind can help you understand the rates better.

  • Today’s gold rate in Mumbai for 18 carat depends on the gold market, purity, currency movements and local demand.
  • Gold rates can vary for 18K, 22K and 24K gold because their purity levels are different.
  • Bajaj Finance accepts 18-22 karat jewellery and ornaments as collateral.
  • Loan amounts run from Rs. 5,000 to Rs. 2 crore, with a tenure of 1 day to 12 months.

Knowing these factors can make it easier to compare gold prices and understand their impact on your purchase or gold loan.

Last updated: October 2026 

How is the 18 carat gold rate in Mumbai calculated?

The Mumbai rate for 18 carat gold equals 75% of the 24 carat rate. 18 carat gold holds 18 parts of gold out of 24, which is 75% purity.

Four factors move the 24 carat rate, and the 18 carat rate follows it:

  • International gold prices.
  • The rupee-dollar exchange rate.
  • Import duty on gold, which rose from 6% to 15% on 13 May 2026.
  • Demand in festive and wedding months.

GST of 3% applies on the value of gold, as per the Central Board of Indirect Taxes and Customs (CBIC) rate schedule checked in October 2026. Each jeweller sets its own making charges and bills them separately.

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Historical gold rate trends in Mumbai

Gold prices in Mumbai have changed over time due to global market movements, currency fluctuations, inflation and changes in local demand. Looking at historical rates can help you compare past trends with today’s gold rate in Mumbai for 18 carat and understand how prices have moved.


Year18K gold rate per 10 grams
2025Rs. 77,898
2024Rs. 53,989
2023Rs. 44,886
2022Rs. 38,628
2021Rs. 37,866
2020Rs. 37,605
2019Rs. 23,351
2018Rs. 20,845
2017Rs. 19,987
2016Rs. 17,193

Historical rates are for reference and may vary based on the source, market conditions and applicable charges.

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Factors that affect 18 carat gold rate in Mumbai

The 18 carat gold rate in Mumbai can move up or down each day based on changes in global markets, the Indian economy and local demand. Keeping track of these factors can help buyers make better decisions when purchasing gold.

Key factors influencing prices include:

  • Global gold prices: Changes in international gold prices can affect rates in Mumbai.
  • Currency movements: When the Indian Rupee weakens against the US Dollar, gold can become more expensive in India.
  • Demand and supply: Gold demand often rises during wedding and festive seasons, which can influence local prices.
  • Inflation: During periods of high inflation, some investors turn to gold, which can increase demand.
  • Interest rates: Changes in interest rates can affect investor demand for gold.
  • Government policies: Import duties, GST and other policy changes can add to the final cost of gold.
  • Market sentiment: Global events and investor activity can cause gold prices to change quickly.

Local jeweller charges and taxes can also affect the final price paid by a buyer. Checking these factors along with the daily rate can help with purchase, investment and gold loan decisions.


How does 18 carat compare with 22 carat and 24 carat gold?

18 carat gold is harder and holds stones better, but it contains less gold than 22 carat or 24 carat gold. The table shows the trade-off.


PurityGold contentBIS markUsed forAccepted for Bajaj Finance Gold Loan
18 carat75%750Studded and daily-wear jewelleryYes, as jewellery or ornaments
22 carat91.6%916Traditional and bridal jewelleryYes, as jewellery or ornaments
24 carat99.9%999CoinsYes, as coins only

The lower gold content makes 18 carat pieces cost less per gram. It also gives them a lower resale and loan value per gram than 22 carat pieces of the same weight.


Techniques to check the purity of 18 carat gold in Mumbai

Checking the purity of your jewellery is important when comparing the 18 carat gold rate in Mumbai. A few basic checks can give you an initial idea of the gold quality, but professional testing offers more reliable results. Key ways to check 18 carat gold purity:

  • BIS hallmark: Look for the BIS mark along with the 18K or 750 stamp, which indicates 75% gold purity.
  • Visual check: Genuine gold usually has an even colour and finish. However, appearance alone cannot confirm purity.
  • Magnet test: Gold is not magnetic, so strong attraction can indicate the presence of other metals. This test is only a basic check.
  • Professional testing: An XRF or assay test can provide a more accurate assessment of gold purity.

Before buying, check the gold rate today Mumbai 18 carat and compare it with the jewellery's purity and weight. Knowing the 18 carat gold rate today Mumbai can help you assess the price more confidently.


How is the 18 carat gold rate in Mumbai determined?

The 18 carat gold rate in Mumbai is influenced by international gold prices, currency movements and local market conditions. The rate is generally worked out by considering the following factors:

  • International gold price: Global market prices influence domestic gold rates.
  • USD-INR exchange rate: A weaker Rupee can make imported gold more expensive.
  • Purity: 18K gold contains 75% pure gold, so its rate is lower than 22K or 24K gold.
  • Taxes and duties: Applicable import duties and GST add to the overall cost.
  • Local charges: Jeweller margins and making charges can affect the final price.

Checking these factors can help you better understand daily changes in Mumbai gold prices.


How does the 18 carat gold price in Mumbai affect gold investments?

Changes in the gold rate today Mumbai for 18 carat gold can affect the value of gold jewellery and other holdings. When prices rise, existing gold may gain value, while falling prices can reduce its market value. Investors should consider purity, price trends, investment duration and financial goals before making decisions.

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Can I get a gold loan against 18 carat gold in Mumbai?

Yes. Bajaj Finance accepts 18-22 karat gold jewellery and ornaments, and 24 karat gold coins, as collateral for a gold loan.

The final loan amount depends on the eligible LTV, the actual karat, and the lower of two prices. These are the previous day's closing price and the 30-day average closing price, as published by the India Bullion and Jewellers Association (IBJA) or a commodity exchange regulated by the Securities and Exchange Board of India (SEBI).

LTV is the maximum share of your gold's value that the lender can give as a loan. The Reserve Bank of India (RBI) caps it by loan amount, as the table shows. See the LTV ratio for gold loan page for the full structure.


Loan amountMaximum LTV
Up to Rs. 2.5 lakh85%
More than Rs. 2.5 lakh to Rs. 5 lakh80%
More than Rs. 5 lakh to Rs. 2 crore75%

You must maintain the LTV ratio through the loan tenure. For bullet repayment loans, the LTV includes the principal and the interest payable at maturity.


Worked example. Priya, 36, is a salaried professional in Mumbai. Her 18 carat jewellery has an eligible value of Rs. 2,00,000 after valuation. At 85% LTV, her maximum loan is Rs. 2,00,000 x 85% = Rs. 1,70,000. The branch valuation, credit assessment and the lower-of-two-prices rule decide the final amount, so this example is not an offer.


Bajaj Finance Gold Loan offers loan amounts from Rs. 5,000 to Rs. 2 crore. Interest starts from 9.50% p.a. Tenure runs from 1 day to 12 months.

You are eligible if you meet these conditions:

  • You are a salaried or self-employed individual, or a pensioner.
  • You are an Indian citizen residing in India.
  • Your age is between 21 and 80 years.

You pledge 18-22 karat jewellery or ornaments, or 24 karat coins.


Bajaj Finance offers two repayment structures:

  • Bullet repayment: you pay the principal and interest due at maturity.
  • Regular repayment: you pay interest at half-yearly intervals, and the principal at maturity.

Use the gold loan calculator to plan the repayment schedule for your amount and tenure. Also read the gold loan interest rate and charges before applying for a gold loan o avoid any surprises later. 


Your gold can help you manage planned or urgent expenses. Apply for a Bajaj Finance Gold Loan today.

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Frequently asked questions

Gold Purity

Gold Price

Gold Price Trend

What is the rate of 18 carat gold in Mumbai today?

The current rate of 18-carat gold in Mumbai may vary depending on market conditions. It's recommended to check with local jewellers or our gold rate page for the most up-to-date information on gold prices in your area

The price of 1 gram of 22-carat gold in Mumbai today varies depending on market fluctuations. For the most accurate and up-to-date information, it's advisable to check with reputable gold dealers or visit our gold rate page

The 18 carat gold price in Mumbai is calculated based on global gold rates, currency exchange rates, and local demand. Since it contains 75% pure gold, its price is derived proportionately from the prevailing 24 karat gold rate, along with applicable taxes and charges.

The 18 carat gold rate in Mumbai usually changes daily. It is influenced by international gold prices, currency movements, and local demand. In some cases, rates may change multiple times a day during high market volatility.

Apart from the gold price, buyers pay making charges, GST, and sometimes design or wastage charges. Making charges vary by jeweller and design complexity, while GST is applied on the combined value of gold and making charges.

The base gold rate generally remains uniform across Mumbai. However, the final price may vary between localities due to differences in making charges, brand premiums, and jeweller-specific pricing practices.

The difference lies in purity. 24K gold is purest and costliest, followed by 22K. 18K gold contains more alloys, making it cheaper and more durable, which is why its rate is lower than 22K and 24K gold.

The 18 carat gold rate in Mumbai today changes daily based on international market trends, currency movements, and local demand. It is usually lower than 22K and 24K gold rates due to lower purity, making it a more affordable option for buyers.

No. The 18 carat gold price in Mumbai generally follows national and international gold price trends, but the local rate can vary due to taxes, demand, jeweller margins, making charges and other market conditions.

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Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *