Today Gold Rate in Mumbai (Jan 21, 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 ₹137,310 for the gold itself. That's ₹13,731 per gram. But keep in mind, this is just the base rate. Once you add making charges, wastage, and GST (which you definitely will), expect to pay closer to ₹160,000 for finished jewelry.

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

As of January 21, 2026, 10 grams of 22K carat (916 hallmark) gold in Mumbai costs approximately ₹137,310 (₹13,731 per gram). This rate applies to plain gold and excludes making charges, GST, and wastage. Prices in Zaveri Bazaar and other major Mumbai jewelers are updated 3 times daily at 9 AM, 2 PM, and 6 PM.

The morning rate started at ₹13,685, climbed to the current ₹13,731 by afternoon. Evening rates will be announced at 6 PM based on MCX closing.

Live 22K Gold Rates in Mumbai (January 21, 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

What exactly is 916 gold? It means 22 carat gold, which is 91.6% pure gold mixed with other metals (usually copper and silver). This mixture makes it durable enough for daily wear, while 24K gold (pure gold) is too soft for regular jewelry.

Every piece of hallmarked jewelry sold in Mumbai carries the Bureau of Indian Standards (BIS) 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.

Tip: Always download the BIS Care app to verify the HUID at the counter. I’ve seen fake hallmarks in smaller shops, so this step is essential.

Calculating Final Price: Making Charges + GST for 10 Grams

Here’s the breakdown of what you’ll pay for 10 grams of 22K gold:

The total cost for 10 grams of finished 22K gold jewelry in Mumbai today will be approximately ₹161,239.70. Note: Making charges typically range from 8-20% depending on the design complexity. Expect a 12% charge for simple gold jewelry like chains or bangles. Intricate designs may go up to 20%.

Best Places to Buy 22K Carat Gold in Mumbai

Zaveri Bazaar, located in Kalbadevi, is Mumbai’s wholesale gold hub. You'll find lower rates here—₹50 to ₹150 cheaper per gram compared to showrooms in malls.
Top shops to check out:

• Tribhovandas Bhimji Zaveri (TBZ) – Established in 1864, known for classic designs and superior craftsmanship.
• Dwarkadas Chandumal Jewellers – Best for traditional Indian designs and wedding jewelry.
• Popley & Sons – Known for modern designs and excellent customer service.

Tip: Visit between 9-11 AM for the best rates and negotiation power. After noon, the market is busy, and jewelers are less willing to offer discounts.

If Zaveri Bazaar is too crowded, try:

• Bandra West – Higher rates but a more relaxed shopping experience.
• Borivali West – Competitive suburban pricing, great for budget-conscious buyers.
• Thane – Often ₹30-50 cheaper than Mumbai.

Why Gold Prices Differ Across Mumbai

Gold prices vary by ₹50-150 per gram across Mumbai due to factors like transportation costs and local demand. Shops in more premium areas charge higher prices because of overheads, while suburban markets have lower rates.

Import duty and local taxes also contribute to the pricing differences. Gold is the same everywhere, but location and convenience add to the price.

Today's Gold Rate Movement in Mumbai

• Opening Rate (9 AM): ₹13,685 per gram
• Afternoon Rate (2 PM): ₹13,731 per gram
• Evening Rate (6 PM): Updates at 6 PM IST

Change from yesterday: +₹50 (+0.36%)
Weekly Change: +₹230 (+1.7%)

Factors Affecting 22K Carat Gold Rate in Mumbai Today

• MCX Gold Futures: Closed at elevated levels today, influencing local rates.
• Global Spot Gold: Hovering near recent highs, supporting gold price increases.
• USD/INR Exchange Rate: The rupee slightly weakened against the dollar today, which pushes gold prices up.
• Cultural Demand: The wedding season is still ongoing, which increases gold buying demand.
• Import Duty: Still at 12.5%, impacting the cost of gold.

Gold Rate Forecast for Mumbai (Next 7 Days)

Gold prices in Mumbai are expected to stay within the ₹13,900-13,100 per gram range this week. Factors to watch include the upcoming RBI monetary policy meeting and global economic uncertainty.

Gold prices are likely to fluctuate based on the global market, the rupee's movement, and the US Federal Reserve's policy stance.

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

Recommendation: For daily wear jewelry like chains or bangles, 22K gold is the best option—it's durable, looks great, and costs ₹12,480 less for 10 grams than 24K. For investment purposes, 24K gold is ideal.

Mumbai Gold Market Timings and Contacts

Zaveri Bazaar (main market):

• Days: Monday-Saturday
• Hours: 9:00 AM – 7:00 PM
• Closed on: Sundays and public holidays

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

Disclaimer:

Prices mentioned are indicative and sourced from Mumbai jewelry market averages as of January 21, 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.