Mumbai
Todays Gold Rate in Mumbai(22/Oct/2024)
Welcome to Live Mumbai, your reliable source for accurate and up-to-date gold rates. Below, you’ll find today’s gold rates in Mumbai for both 22 Carat (916 KDM hallmark) and 24 Carat gold. Stay informed with our regularly updated prices, including the comparison with the previous day’s rates.
Gold Rate per Gram in Mumbai (INR)
| Date | 1 Gram (22K) | Silver 1 Gram |
|---|---|---|
| 22/Oct/2024 | ₹7,320 (-₹2) | ₹111.00 (+₹1) |
| Last Update Time: 9:40 AM |
Detailed Gold Rates in Mumbai
| Date | Pure Gold (24K) | Standard Gold (22K) |
|---|---|---|
| 1 Gram | ₹7,770 | ₹7,320 |
| 8 Grams | ₹62,160 | ₹58,560 |
Silver Rate in Mumbai (INR)
| Date | 1 Gram Silver | Ready Silver (1 Kg) |
|---|---|---|
| 22/Oct/2024 | ₹111.00 | ₹111,000.00 |
| 21/Oct/2024 | ₹110.00 | ₹110,000.00 |
10-Day Gold and Silver Rate History in Mumbai
| Date | 24K (1 Gram) | 24K (8 Grams) | 22K (1 Gram) | 22K (8 Grams) | Silver (1 Gram) |
|---|---|---|---|---|---|
| 22/Oct/2024 | ₹7,780 | ₹62,240 | ₹7,325 | ₹58,600 | ₹111.00 |
| 21/Oct/2024 | ₹7,782 | ₹62,256 | ₹7,327 | ₹58,616 | ₹110.00 |
| 20/Oct/2024 | ₹7,760 | ₹62,080 | ₹7,305 | ₹58,440 | ₹110.00 |
| 19/Oct/2024 | ₹7,760 | ₹62,080 | ₹7,305 | ₹58,440 | ₹109.00 |
| 18/Oct/2024 | ₹7,720 | ₹61,760 | ₹7,265 | ₹58,120 | ₹109.00 |
| 17/Oct/2024 | ₹7,715 | ₹61,720 | ₹7,260 | ₹58,080 | ₹108.00 |
| 16/Oct/2024 | ₹7,705 | ₹61,640 | ₹7,250 | ₹58,000 | ₹107.00 |
| 15/Oct/2024 | ₹7,695 | ₹61,560 | ₹7,240 | ₹57,920 | ₹107.00 |
| 14/Oct/2024 | ₹7,685 | ₹61,480 | ₹7,230 | ₹57,840 | ₹106.00 |
| 13/Oct/2024 | ₹7,675 | ₹61,400 | ₹7,220 | ₹57,760 | ₹106.00 |
Factors Affecting Gold Rate in Mumbai
- State and Local Taxes: Taxes imposed by the Maharashtra state government influence the final rate.
- Transportation Costs: These costs incurred by jewelers can affect pricing.
- Making Charges: Additional charges like making fees also impact the final price of gold.
- Global and Local Trends: Gold rates in Mumbai are sensitive to changes in international market trends, the USD-INR exchange rate, and local demand conditions. Festivals, monsoons, and harvest seasons further influence pricing.
Buying Gold in Mumbai: Investment vs. Jewelry
Gold as an Investment: Gold is a great hedge against inflation and a solid long-term investment. Be sure to check the gold rate in Mumbai regularly to make informed buying decisions.
Gold Coins: Many banks and private sellers in Mumbai offer certified gold coins. However, it’s important to compare buyback policies, as they can vary.
22K vs. 24K Gold: What’s the Difference?
- 24 Karat Gold: 99.9% pure and often used for coins and bars, though too soft for making durable jewelry.
- 22 Karat Gold: Composed of 92% gold and mixed with metals like copper, making it stronger and ideal for jewelry.
Tips to Get the Best Gold Rate in Mumbai
- Monitor Rates Daily: Check reliable sources like Live Mumbai to stay updated on prices.
- Compare Prices: Always compare prices from different jewelers to ensure you’re getting the best deal.
- Hallmarked Jewelry: Make sure the jewelry you buy is hallmarked to guarantee its purity and authenticity.
- Avoid Studded Jewelry for Investment: Plain gold pieces offer better resale value than studded jewelry, which includes extra craftsmanship charges.
Company
Goldlive. in is your trusted online destination for live gold price updates, precious metal trading, investment insights, and market analysis With a focus on transparency and reliability, we empower our customers to make informed decisions in the dynamic world of gold trading.
Top Cities
Most Recent Posts
- All Posts
- Gold Buying
- Gold Investment
- Gold Loan
- Gold Purchase
- Silver
Explore Our Services
Lorem Ipsum is simply dumy text of the printing typesetting industry.