Today Gold Rate in Mumbai (Jan 20, 2026) 22 Carat 916 Hallmark 10 Gram

If you're looking to buy 10 grams of 22K carat gold in Mumbai today, you'll need approximately ₹134,060 for the gold itself. That's ₹13,406 per gram. 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 ₹140,258 for finished jewelry.

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

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

As of 20th January 2026, 10 grams of 22K carat (916 hallmark) gold in Mumbai costs approximately ₹134,060 (₹13,406 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 3 times daily at 9 AM, 2 PM, and 6 PM.
The morning rate started at ₹13,349, climbed to the current ₹13,406 by afternoon. Evening rates will be announced at 6 PM based on MCX closing.

Live 22K Gold Rates in Mumbai (20th January 2026)

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 22K 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.

Download the BIS Care app before you shop. It lets you verify the HUID right at the counter. I’ve seen fake hallmarks 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. And yes, GST is mandatory at 3% on the total of gold + making charges.

Best Places to Buy 22K 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 in 1864, a trusted name in the industry.
• Dwarkadas Chandumal Jewellers – Best for classic gold jewelry.
• Popley & Sons – Known for modern gold designs.

Insider Tip: 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 – Slightly higher rates but less chaotic.
• Bandra West – Competitive suburban pricing.
• Thane – Often ₹30-50 cheaper than Mumbai.

Why Gold Prices Differ Across Mumbai

You’ll notice rates vary by ₹50-150/gram across the city. Why?

Local Logistics: 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: High-end area jewelers charge a brand premium. Competitive areas see more competition, so rates stay competitive.

Today's Gold Rate Movement in Mumbai

• Opening rate (9 AM): ₹13,349/gram
• Afternoon rate (2 PM): ₹13,406/gram
• Evening rate (6 PM): Updates at 6 PM IST
• Change from yesterday: +₹457 (3.53%)
• Weekly change: +₹574 (4.49%)

Market Commentary:

• So far today, we’re seeing upward momentum. The rupee weakened slightly against the dollar (now at ₹83.15/$), which typically pushes gold prices up. MCX gold futures closed strong, suggesting the trend continues.

Factors Affecting 22K Carat Gold Rate in Mumbai Today

Several things moved the needle today:

• MCX gold futures closed strong.
• International spot gold (LBMA) is hovering near recent highs.
• USD/INR exchange rate slipped, which makes gold pricier.
• Import duty remains at 12.5% (unchanged).
• Wedding season demand is building up.

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). Jewelers are fresh, less rushed, and rates just got updated. By afternoon, they’ve seen 50 customers and have zero patience for negotiation.
• Compare 3-4 jewelers in Zaveri Bazaar. Don’t settle at the first shop. Walk around. Prices and making charges vary more than you’d think.
• Check the BIS hallmark carefully.
• Negotiate making charges aggressively – For plain jewelry (chains, bangles), you should pay 8-10% maximum.

Gold Rate Forecast for Mumbai (Next 7 Days)

Based on current trends, expect gold to trade in the ₹13,200-₹13,500 per gram range this week.

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

Recommendation: For jewelry you'll actually wear—chains, bangles, rings—go with 22K carat. It's durable, looks just as good, and costs ₹12,190 less for 10 grams compared to 24K.

Mumbai Gold Market Timings and Contacts

Zaveri Bazaar main market:

Monday-Saturday: 9 AM - 6 PM

• Closed: Sundays, major festivals
• Mumbai Sarafa Association: [Phone Number]
• Half-day closures to remember:
• Diwali Laxmi Puja
• Ganesh Chaturthi
• Daily price update times: 9:00 AM, 2:00 PM, 6:00 PM IST

Parking Tip: Park at the municipal lot on Sheikh Memon Street—it's cheaper than private lots and just a 5-minute walk from the main market.

Disclaimer:

Prices mentioned are indicative and sourced from Mumbai jewelry market averages as of 20th January 2026, 2:00 PM IST. Actual rates may vary by ₹20-50 per gram across jewelers. Making charges and wastage rates differ by store and design. This is not investment advice. Consult a certified financial advisor before making gold investment decisions.