Gold Rate Today in Maharashtra

• Check today's 22K and 24K gold rates in Maharashtra to plan your jewellery purchase, investment or gold loan.
• Compare 18K, 22K and 24K gold prices to understand how purity affects the value of your gold.
• Gold prices are influenced by international bullion rates, the USD-INR exchange rate, import duties, GST and seasonal demand.
• The value of your pledged gold is linked to the applicable gold valuation, making gold rates an important factor in determining your eligible loan amount.

This page covers today's gold rate in Maharashtra, historical price trends, what drives daily changes, and how to use your gold for a loan.

The gold rate you see at a jewellery shop in Maharashtra is not a fixed number. It is worked out in a few simple steps.

• Start with the global gold price: Gold is bought and sold around the world. This global price is the starting point.
• Convert it into Indian rupees: Since the global price is in US dollars, it is converted into Indian rupees using the latest USD-INR exchange rate. If the rupee becomes weaker, gold becomes more expensive.
• Calculate the price per gram: The price is then worked out for one gram of gold. It is also adjusted based on the gold's purity. For example, 24K gold is purer than 22K gold, so it costs more.
• Add import duty: India imports most of its gold, so the government adds an import duty to the price.
• Add GST: A 3% GST is charged on the value of the gold, while a 5% GST is charged on the making charges.
• Add making charges: Finally, the jeweller adds making charges for designing and preparing the jewellery. This is why the same gold item may cost a little more at one jewellery shop than another.

Most jewellers and gold loan providers across Maharashtra use the daily gold rate published by the Indian Bullion and Jewellers Association (IBJA) as a guide. This is why gold rates are usually similar across the state on any given day. The biggest difference in the final price comes from the making charges and the jeweller's own margin.

To make an informed decision, it is important to stay updated with the gold rate today in India and monitor live gold prices regularly to understand market movements.

Gold prices in Maharashtra have generally increased over the years. While prices may go up and down in the short term, the overall long-term trend has remained upward.
 

How does the gold price in Maharashtra today affect your gold loan amount?

The gold rate on the day your gold is assessed sets your loan amount — not last month's rate or what you originally paid. When prices are higher in Maharashtra, the same jewellery supports a larger loan. When prices fall, the eligible amount comes down.

How is gold loan eligibility calculated?

Your eligible loan amount depends on:

• Gold weight
• Gold purity
• Applicable gold rate on the day of assessment
• Loan-to-Value (LTV) ratio

Only the pure gold content is assessed. Stones, enamel, and other decorations are not counted.

The loan amount is determined using the applicable LTV ratio, which varies by loan size. To know more, click here.

The final loan amount also depends on the lower of either the previous day's closing price or the 30-day average price published by IBJA or a SEBI-regulated commodity exchange. The LTV ratio must be maintained throughout the loan tenure and may be revised as per RBI guidelines and lender policies.

Have gold at home? Find out how much you can borrow. Check your gold loan eligibility in just a few steps.

Gold loan: What you should know before applying

With Bajaj Finance, you can borrow from Rs. 5,000 to Rs. 2 crore  against your gold jewellery, ornaments, and gold coins. The gold loan interest rate starts from Rs. 5,000 to Rs. 2 crore per annum.

Jewellery and ornaments between 18K and 22K purity are accepted. Gold coins up to 24K purity are also eligible. Your gold is stored in secured vaults with insurance cover for the entire loan duration.

A few things worth knowing before you apply:

• Your loan amount is based on the weight and purity of your gold, not what you originally paid for it
• Bajaj Finance uses the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange
• Only one valid KYC document is required: Aadhaar card, Voter ID, passport, driving licence, NREGA job card, or letter from the NPR
• You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal settled at the end of the tenure
• There are no foreclosure charge, you can close the loan early without any penalty

Before applying, use the gold loan calculator to estimate your eligible amount, or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Maharashtra, gold purity, and weight.