Todays Gold Rate in Mumbai, Mumbai is a very populous and commercial city. If we go to see the price of gold in Mumbai, it is seen increasing day by day. But because of this people of Mumbai do not stop investing in gold. Mumbai is the second largest city with a population of 21 crores. 22 carat gold price in Mumbai is ₹ 6,765 per gram and 24 carat gold price is ₹ 7,380 per gram.
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Gold contributes to a great investment in present times. Due to which it is bought in huge quantities in Mumbai and across the country. Investors have started trading in gold as a commodity rather than physical gold.
Let us know today what will be the price of todays gold rate in mumbai.
Compare 22K & 24K Todays Gold Rate In Mumbai
| Gold Rate 22k | Today | Yesterday | Gold Rate 24k | Today | Yesterday |
| Standerd Gold 22k (1 gram) | ₹ 6765 | ₹ 6,703 | Pure Gold 24k (1 gram) | ₹ 7380 | ₹ 7,038 |
| Standerd Gold 22k (8 gram) | ₹54,120 | ₹ 53,624 | Pure Gold 24k (8 gram) | ₹ 59,040 | ₹ 56,304 |
Today 24K Gold Price Per Gram in Mumbai (INR)
- 1 gram : ₹ 7380
- 8 gram : ₹ 59,040
- 10 gram : ₹73,800
- 100 gram : ₹ 7,38,000
Today 22K Gold Price Per Gram in Mumbai (INR)
- 1 gram : ₹ 6765
- 8 gram : ₹54,120
- 10 gram : ₹67,650
- 100 gram : ₹ 6,76,500
Investment in Gold in Mumbai
Mumbai has different gold prices at all times than other cities in India. This is mainly due to different reasons like import duty, transportation cost and state taxes. If you live in Mumbai and want to invest in gold then it becomes necessary for you to know the price of gold. Mumbai has a large population compared to other cities. So the people of Mumbai buy more gold. People also buy gold for investment. Rich people living in Mumbai are investing for their better future. At such times, it is better if you know the gold price in Mumbai.
Gold can be bought in different forms in Mumbai. Apart from physical gold, digital gold is also a traditional form of gold which you can buy from jewelery shops.
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Gold Market in Mumbai
Importance of Mumbai in gold trade
Todays gold rate in mumbai, which we know as the most important capital of India, also plays a major role in the country’s gold market. Mumbai as the capital serves the gold trade, jewelery industry and international trade.
Local Factors Affecting Gold Rates
Some local dynamics and global factors affect the Todays gold rate in mumbai. It includes taxes imposed by the government, regulations, import and export and programs like festivals. Due to which there is a lot of increase in the purchase of gold.
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What Factors Affect Gold Price?
1. Global Movement:
India is one of the gold importers in the world so if anything fluctuates in gold prices it also affects gold prices in India. In which the import price and rules may change.
2. Inflation: As gold prices are stable, investing in gold creates a hedge against inflation. Some investors prefer to hold gold instead of currency. Which is easy to liquidate. So when inflation increases, the demand for gold also increases.
3. Government Gold Reserves:
The Reserve Bank of India, like most countries, has gold and currency reserves. When the RBI buys more gold, it increases cash flow.
4. Jewelery Market:
Indians love to buy gold jewelery during festivals like weddings and Diwali. Due to which its price increases. Large demand and local carriage increase the cost.
Indians use gold ornaments during festivals like Diwali and also during weddings. This contributes to creating greater consumer demand and ultimately increasing the price of the metal. Large domestic demand also increases import and carriage costs.
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FAQs
Q. What is today’s 22 carat gold rate in Mumbai?
A. ₹67,650 for 10 gram 22 carat
Q. How much is 1 tola 24 karat gold in Mumbai?
A. ₹83,893 for 1 tola (12 gram) 24 carat
Q. What is 916 KDM Hallmark gold?
A. 22 Carat gold with Hallmark to know purity of gold and resale value.
