Today Gold Rate in Mumbai (Jan 10, 2026) 22 Carat 916 Hallmark 10 Gram

If you're looking to buy 10 grams of 22 carat gold in Mumbai today, you'll need approximately ₹128750 for the gold itself. That's ₹12875 per gram (for 916 hallmark 22K). But here's the thing this is just the base rate.

Once you add making charges, wastage, and GST (which you absolutely will), expect to pay closer to ₹150638 for finished jewelry (calculated at approx. 17% additional charges: 12% making + 2% wastage + 3% GST on subtotal).

Let me break down everything you need to know before heading to Zaveri Bazaar.

What is the 22 Carat Gold Rate in Mumbai Today for 10 Grams?

As of the latest updates aligning with current trends (cross-referenced from reliable sources), 10 grams of 22 carat (916 hallmark) gold in Mumbai costs approximately ₹128750 (₹12875 per gram). This rate applies to plain gold and excludes making charges, GST, and wastage.

Prices in Zaveri Bazaar and major Mumbai jewelers are updated multiple times daily, often based on MCX futures.

Here are the live rates (indicative, as of recent market close):

These are pure gold rates. Finished jewelry costs more sometimes a lot more, depending on where you shop.

Understanding 916 Hallmark Gold in Mumbai

So what exactly is 916 gold? It's 91.6% pure gold mixed with 8.4% other metals (usually copper and silver). This is what makes 22 carat jewelry durable enough for daily wear. Pure 24K gold is too soft it'll bend if you look at it wrong.

Every piece of hallmarked jewelry sold in Mumbai must carry the BIS (Bureau of Indian Standards) stamp. You'll see four marks: the BIS logo, "916" for purity, the jeweler's mark, and a 6-digit alphanumeric HUID (Hallmark Unique Identification) code.

Actionable Tip: Download the BIS Care app before you shop. It lets you verify the HUID right at the counter. Fake hallmarks do appear in smaller shops, so this step isn't optional.

Calculating Final Price: Making Charges + GST for 10 Grams

Here's where most buyers get surprised. The gold rate is just the starting point.

Local Context:

Making charges in Mumbai typically run 8-20% depending on design complexity. Plain chains? You'll pay 8-12%. Intricate necklaces with detailed work? Could go up to 20% or more. The wastage charge (usually 1-2%) accounts for gold lost during manufacturing. Some jewelers try to push 3-4%—that's negotiable. Stand your ground. And yes, GST is mandatory at 3% on the total of gold + making charges.

Best Places to Buy 22 Carat Gold in Mumbai

Zaveri Bazaar is where you want to be. Located in Kalbadevi, this is Mumbai's wholesale gold hub. You'll save ₹50-150 per gram compared to air-conditioned showrooms in malls.
Top shops to check out:

• Tribhovandas Bhimji Zaveri (TBZ) — Established legacy brand, great for branded jewelry and reliability.
• Dwarkadas Chandumal Jewellers — Known for traditional designs and competitive wholesale pricing.
• Popley & Sons — Famous for modern and fusion pieces with good quality assurance.

Insider Tip - Mumbai Specific: Visit between 9-11 AM. By noon, Zaveri Bazaar is packed shoulder-to-shoulder, and jewelers are less willing to negotiate. Also, most shops give a "cash discount" of ₹20-30 per gram—just ask.

If Zaveri Bazaar feels too crowded, try:

• Linking Road (Bandra West) — Slightly higher rates but less chaotic.
• Borivali West — Competitive suburban pricing.
• Thane or Navi Mumbai — Often ₹30-50 cheaper than central Mumbai.

Why Gold Prices Differ Across Mumbai

You'll notice rates vary by ₹50-200/gram across the city. Why? Transportation costs from the bullion market hit suburban jewelers harder. A shop in Borivali West pays more to transport gold from Kalbadevi than a Zaveri Bazaar jeweler who's literally sitting on the supply.

Local demand matters too. High-end area jewelers charge a brand premium. Competitive areas see more competition, so rates stay competitive. Plus, there's import duty (around 12.5%), local taxes, and each jeweler's markup. The gold itself is the same you're paying for location and brand.

Today's Gold Rate Movement in Mumbai

Rates have shown upward momentum recently (e.g., +₹105 per gram for 22K from previous day in recent data). The rupee is trading around ₹83 levels, and MCX gold futures influence daily updates.

Market Commentary: So far, we're seeing upward momentum influenced by global cues and local demand during ongoing wedding season.

Factors Affecting 22 Carat Gold Rate in Mumbai Today

Several things moved the needle:

• MCX gold futures at elevated levels
• International spot gold hovering near recent highs
• USD/INR exchange rate around 83.15 — weaker rupee means pricier gold
• Import duty remains at 12.5%
• Wedding season demand is building up

Forward Looking: Global uncertainty and potential RBI policy shifts could influence trends.

Smart Tips for Buying 10 Grams Gold in Mumbai

After years of watching the Mumbai gold market, here's what actually works:

• Visit early morning — The 9-10 AM window is golden (pun intended).
• Compare 3-4 jewelers in Zaveri Bazaar — Prices vary more than you'd think.
• Check the BIS hallmark carefully — Verify HUID on the BIS Care app.
• Negotiate making charges aggressively — Aim for 8-10% max on plain pieces.
• Ask for wastage breakup — 1-2% tops.
• Carry cash if possible — Some offer cash discounts (₹20-30/gram).

Mumbai-Specific Tip: Avoid Saturdays — Zaveri Bazaar is a nightmare with crowds.

22 Carat vs 24 Carat: Which Should You Buy?

Recommendation: For jewelry you'll actually wear chains, bangles, rings go with 22 carat. It's durable, looks just as good, and costs about ₹11,710 less for 10 grams. For investment or religious purposes (like coins for Dhanteras), 24 carat makes sense.

Mumbai Gold Market Timings and Contacts

• Zaveri Bazaar main market: Open daily (except major festivals), ~10 AM - 8 PM. Most shops take a lunch break ~2-3 PM.
• If you're taking the local train, get down at Charni Road or Sandhurst Road station. The walk to Zaveri Bazaar is about 10-15 minutes.
• Parking Tip: Park at the municipal lot on Sheikh Memon Street—it's cheaper than private lots and just a short walk from the main market.