Key takeaways
The 24K gold rate in Mumbai is calculated in several steps, starting from the international gold price. Here's how the final price is worked out:
Always ask your jeweller in Mumbai for a clear breakdown of these costs before finalising a purchase. You can track the live gold price or check the gold rate today in India for the latest figures.
Gold prices in Mumbai have risen steadily over the years. Short-term corrections happen, but the overall trend has remained upward.
| Year | Price: 24K gold per 10 grams |
|---|---|
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,000 |
| 2023 | Rs. 65,000 |
| 2022 | Rs. 52,000 |
| 2021 | Rs. 47,000 |
| 2020 | Rs. 48,000 |
| 2019 | Rs. 35,000 |
| 2018 | Rs. 31,000 |
| 2017 | Rs. 29,000 |
The 24 carat gold rate in Mumbai changes regularly because of several global and local factors. These can affect the price you pay when buying gold or the value of gold you already own.
Purity matters just as much as these market forces. Not all gold is the same, since 24K, 22K, and 18K each carry a different rate and serve a different purpose.
Your gold could help you meet your financial needs. Check your gold loan eligibility and get an instant estimate based on your jewellery.
The karat value tells you how much pure gold a piece contains. Higher karats mean more gold.
| Parameter | 18K Gold | 22K Gold | 24K Gold |
|---|---|---|---|
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
| Common Use | Diamond jewellery and daily wear jewellery | Traditional jewellery | Investment bars and coins |
| Price | Lowest | Higher | Highest |
Before buying or pledging gold in Mumbai, it's important to verify its purity. Here are the most reliable methods:
For the most accurate results, always consult a certified jeweller or professional assayer in Mumbai. Learn more about 24 carat gold purity before making a decision.
Quick tip: Have gold at home? Find out how much you can borrow. Check your gold loan eligibility in just a few steps.
You can estimate the current value of your gold using three simple details:
Formula
Gold Value = Gold Weight × Gold Rate per Gram
Example: Suppose a customer in Mumbai owns:
Estimated gold value: Weight × Applicable gold rate= 10x9000= Rs. 90,000
For up-to-date information, you can track the live gold price on our website. Get the value your gold deserves. Check your gold loan eligibility and see how much you can avail based on purity and weight.
Gold prices directly affect the value of gold investments in Mumbai. When gold prices rise, the value of physical gold, Gold ETFs, and Sovereign Gold Bonds generally increases. When prices fall, their value may also decline. Although each investment option works differently, all are linked to movements in the underlying gold price.
The 24K gold rate in Mumbai on the day you apply for a loan directly determines how much you can borrow. When prices are high, your pledged gold carries a greater assessed value, meaning a larger loan amount becomes available against the same quantity of gold. When prices soften, the eligible amount adjusts downward proportionally.
Your eligible loan amount for a gold loan in Mumbai depends on:
Only your gold's actual content counts toward this value. Stones, enamel, and other decorations are left out. Your final loan amount depends on the eligible LTV, your gold's purity, and whichever is lower: the previous day's closing price or the 30-day average closing price, both published by IBJA or a SEBI-regulated commodity exchange. This LTV ratio stays fixed through the loan tenure and may be revised as per RBI guidelines.
Bajaj Finance offers gold loan interest rates between 9.50% to 24.25% per annum, with loan amounts from Rs. 5,000 up to Rs. 2 crore. The rate depends on the purity and weight of your gold, the loan amount, and your chosen repayment tenure. There are no hidden charges; what you see is what you pay.
Jewellery and ornaments are accepted between 18-22 karat purity. Gold coins are accepted up to 24 karat. Your gold is stored in secure vaults with insurance cover for the entire loan duration.
A few things worth knowing before you apply:
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
| Gold rate in Vadodara | Gold rate in Madurai | Gold rate in Trichy |
| Gold rate in Chennai | Gold rate in Pune | Gold rate in Vijayawada |
| Gold rate in Kolkata | Gold rate in Visakhapatnam | Gold rate in Ludhiana |
The 24 carat gold price in Mumbai fluctuates daily due to global factors like international market trends, currency exchange rates, geopolitical events, and local demand and supply dynamics. Seasonal demand and changes in government policies also contribute to daily price variations.
Yes, gold loans are calculated based on the 24 carat gold rate in Mumbai. Lenders evaluate the gold's purity, weight, and current market value to determine the loan-to-value (LTV) ratio and the loan amount.
Yes, different jewellers in Mumbai may offer slightly different gold rates. This can be due to variation in making charges, brand reputation, and added service costs. It's a good idea to compare prices before making a purchase.
Gold rates in Mumbai can change multiple times a day. The price depends on global market trends, currency value, and local demand. It's always smart to check the latest rate before buying or selling gold.
The 1 gram gold rate for 24 carat gold in Mumbai changes daily based on market trends. You can check the updated 24K gold rate today in Mumbai on jeweller websites or financial news portals.
24K gold is purer than 22K, so it's usually more expensive. The price difference mainly reflects purity, since 24K has 99.9% gold while 22K has around 91.6%. Making charges may also vary for each type.
916 gold means the gold is 91.6% pure, which is 22K. It's commonly used for jewellery. The 916 gold rate in Mumbai changes daily and is slightly less than 24K gold due to the difference in purity.
18K gold has less gold content than 22K or 24K, so it costs less. It's often used for lightweight jewellery. As gold purity increases, the price rises, from 18K to 22K and highest in 24K.
Yes, some jewellers in Mumbai may sell 23K gold, though it's less common than 22K or 24K. The 23 carat gold rate in Mumbai varies depending on purity and market rates. It's best to check with a reputed jeweller beforehand.
No, the 24 carat gold rate in Mumbai does not include making charges. Making charges are additional costs applied to crafted gold jewellery and are separate from the base price of gold.
To calculate the value of 10 grams of gold, start with the 10-gram gold rate in Mumbai. Multiply this rate by 10, then add the jeweller's making charges. After that, apply 3% GST on the total. The final price includes gold cost, making charges, and GST.
The 24 carat gold price in Mumbai is calculated using international gold rates, rupee-dollar exchange rates, import duty, GST, and local jeweller charges. Since gold is largely imported into India, global market trends and currency fluctuations directly influence the final gold price.
The 24 carat gold rate in Mumbai today changes daily based on international gold prices, local demand, taxes, and currency movements. Rates may vary slightly between jewellers due to operational costs and market conditions.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
