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Check 24k Gold Rate in Mumbai

Check 24k Gold Rate in Mumbai

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Grams 24 Carat Gold - Yesterday 24 Carat Gold - Today Daily Price Change
0.5 gm ₹5,095 ₹5,204 0.644%
1 gm ₹40,760 ₹41,024 0.644%
5 gm ₹47,770 ₹52,204 0.644%
10 gm ₹4,77,000 ₹5,22,040 0.644%

3.5k 4k 4.5k 5k 5.5k Mar 1 Mar 8 Mar 15 Mar 22
* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

Jar’s gold price chart shows you the current price of gold in the professional gold market. You can then use those real-time prices to place an order using the Jar app.

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99.5% 24K Pure Gold

Check LIVE 24k Gold Rate for today. Gold is valuable as a status symbol, a global store of value, and a medium of exchange. Because of its heavy influence, gold prices fluctuate a lot from city to city. Consumption demand is one of the factors affecting the price of gold in
Mumbai
. When demand for gold is high, the price of gold in
Mumbai
 increases significantly. ‍India is a country that celebrates multiple festivals. Among all the festivals, Diwali, and Akshaya Tritiya record a high demand for gold and gold jewellery in the country. Here is a full
list of all auspicious days.
During these festivals and cultural events the price of gold in
Mumbai
. increases significantly. Inflation is one of the factors that affect gold prices in India. When the country’s inflation rate increases, the price of gold in
Mumbai
  increases significantly. Interest rates and gold prices have an inverse relationship. The reason for this inverse relationship between interest rates and gold prices is that investors tend to invest in fixed-income instruments when the interest rate rises.
‍
Monsoon and the amount of precipitation significantly affects the price of gold in
Mumbai
When there is high precipitation and the crop yield is good, farmers buy gold leading to high prices. In the Indian market, the rupee-dollar equation significantly affects the price of gold.Geopolitical turmoil such as wars, pandemic, global supply chain issues often leads to an increased price of gold in  
Mumbai
 . For instance, the Ukraine-Russia War and the US-China trade war resulted in an increase in the price of gold in
Mumbai
 . Government policies and regulations play an important role in determining the price of gold. For instance, changes in import duties, taxes, or import norms for gold result in price fluctuations. 

Alternatives to Physical Gold

Gold is available in many forms other than physical gold in
Mumbai
. Here are the alternatives to physical gold available in
Mumbai
1) Gold SIP
 
2) Gold ETF
3) Gold Mutual Funds

FAQs

1) What is the gold rate in
Mumbai
?
The live gold rate in
Mumbai
today is listed at the top of the page. We update the price of gold in
Mumbai
in real time.
‍
2) What are the taxes on Gold Purchase in
Mumbai
?
In
Mumbai
, the gold purchases are subject to various taxes levied by the seller. As per the law, all gold purchases including coins, bars, jewelry are subject to 3% of Goods and Services Tax (GST) and 5% making charges.
‍
3) How to check the purity of Gold in
Mumbai
?
Bureau of Indian Standards (BIS) defines hallmarking to check the purity of gold in
Mumbai
, Make sure your gold has a BIS hallmark inscribed. Here is a detailed article on
‍
hallmarking gold in India.
‍
4) How many grams are in one ‘tola’ of gold?
One tola is equal to about 11.6 grams. In India, tola is an ancient unit of weight which is usually rounded off to 10 grams for simplicity.
‍
5) How is gold price fixed in
Mumbai
?
The gold rates are set by the Indian Bullion Association. The price is affected by many demand-side and supply-side factors mentioned here. 

Frequently Asked Questions

What is 22 carat gold price today?

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What is the price of KDM 916 gold in Bangalore today?

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What is the gold rate of today in Bangalore?

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What price is gold today?

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What is 24 carat and 22 carat gold?

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