Today Gold Rate in Mumbai (Jan 12, 2026) 22 Carat 916 Hallmark 10 Gram

If you're planning to buy 10 grams of 22 carat gold in Mumbai today, you’ll need approximately ₹1,28,740 just for the gold itself. That works out to ₹12,874 per gram.
But here’s the reality check this is only the base rate.

Once you add making charges, wastage, and GST (which you absolutely will), the final jewelry bill climbs closer to ₹1.50 lakh.

Let me break everything down before you head to Zaveri Bazaar.

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

As of January 12, 2026, 10 grams of 22 carat (916 hallmark) gold in Mumbai costs ₹1,28,740 (₹12,874 per gram). This rate applies strictly to plain gold and does not include making charges, GST, or wastage.

Gold rates in Mumbai’s major markets especially Zaveri Bazaar are updated three times daily at 9 AM, 2 PM, and 6 PM IST.

This morning, rates opened slightly lower and firmed up by afternoon. Evening prices will be updated after MCX closes at 6 PM.

Live Gold Rates in Mumbai (January 12, 2026)

These are pure gold prices. Finished jewelry will cost more, sometimes significantly more, depending on where and what you buy.

Understanding 916 Hallmark Gold in Mumbai

916 gold means the metal is 91.6% pure gold, with the remaining 8.4% made up of copper and silver for strength. This balance is why 22 carat gold is the standard for jewelry in India—it’s durable enough for daily wear.

Every hallmarked gold item sold in Mumbai must carry:

• BIS logo
• 916 purity mark
• Jeweler’s identification mark
• 6-digit alphanumeric HUID code

Pro tip: Download the BIS Care app and verify the HUID at the counter. Fake hallmarks still exist especially in smaller shops.

Final Jewelry Cost: Making Charges + GST (10 Grams)

Here’s what buyers usually underestimate.

Mumbai reality:

Plain chains/bangles: 8–12% making charges Heavy bridal designs: 15–20%+ Wastage should stay at 1–2%—anything higher is negotiable

Best Places to Buy 22 Carat Gold in Mumbai

Zaveri Bazaar (Kalbadevi) is Mumbai’s gold heart. You’ll often save ₹50–₹150 per gram compared to mall showrooms.

Trusted jewelers to check:

• Tribhovandas Bhimji Zaveri (TBZ) – legacy brand, strong resale trust
• Dwarkadas Chandumal Jewellers – excellent for traditional designs
• Popley & Sons – premium craftsmanship, lighter wastage

Insider tip: Visit 9–11 AM. By noon, Zaveri Bazaar is shoulder-to-shoulder, and negotiation power drops fast. Always ask for a cash discount—₹20–₹30 per gram is common.

Prefer quieter options?

• Linking Road (Bandra West) – calmer, slightly higher rates
• Borivali West – competitive suburban pricing
• Thane / Navi Mumbai – sometimes ₹30–₹50 cheaper than Mumbai

Why Gold Prices Vary Across Mumbai

Price differences of ₹50–₹150 per gram across Mumbai are normal.

Reasons:

• Transport costs from Kalbadevi affect suburban shops
• Brand premiums in upscale areas
• Import duty (12.5%) baked into bullion prices
• Individual jeweler margins

The gold is the same you’re paying for location and brand.

Today’s Gold Price Movement in Mumbai

• Opening (9 AM): ₹12,820/gram
• Afternoon (2 PM): ₹12,874/gram
• Change from yesterday: +₹45
• Trend: Mild upward bias

A slightly weaker rupee and steady MCX futures supported prices today.

Factors Influencing Today’s Rate

• MCX gold futures held firm
• Global spot gold near recent highs
• USD/INR hovering around ₹83+
• Wedding season demand slowly building
• Import duty unchanged at 12.5%

Global uncertainty continues to keep gold well supported.

Smart Tips for Buying Gold in Mumbai

• Go early (9–10 AM)
• Compare at least 3–4 shops in Zaveri Bazaar
• Verify HUID on the BIS Care app
• Negotiate making charges—walk out if needed
• Ask for wastage breakup (keep it under 2%)
• Avoid Saturdays—worst day to negotiate
• Carry cash if possible (card fees add 2–3%)

Gold Rate Forecast for Mumbai (Next 7 Days)

Gold is expected to trade between ₹12,800–₹13,050 per gram this week.

Watch:

• RBI policy signals
• US Federal Reserve commentary
• Rupee movement beyond ₹83.50
• MCX trading volumes

Personal take: If you’re buying for an upcoming wedding, don’t delay. Otherwise, a small correction post-mid-January is possible.

22 Carat vs 24 Carat Gold: Which Should You Buy?

Recommendation:

For jewelry you’ll actually wear—go 22 carat. For investment or coins—24 carat makes more sense.

Mumbai Gold Market Timings & Access

Zaveri Bazaar:

• Open: Monday–Friday, 9:30 AM–7 PM
• Closed: Sundays & major holidays

Nearest stations: Charni Road, Sandhurst Road

Parking: Use the municipal lot on Sheikh Memon Street