Today Gold Rate in Mumbai (Jan 22, 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 ₹143,560 for the gold itself. That's ₹14,356 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 ₹[CALCULATE: ₹143,560 × 1.17] for finished jewelry.

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 January 22, 2026, 10 grams of 22-carat (916 hallmark) gold in Mumbai costs approximately ₹143,560 (₹14,356 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 ₹14,320 per gram, climbed to the current ₹14,356 by the afternoon. Evening rates will be announced at 6 PM based on MCX closing.

Live 22K Gold Rates in Mumbai (January 22, 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 blend makes 22 carat jewelry durable enough for daily wear. Pure 24K gold is too soft and bends easily.

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. 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.

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 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) - Known for its high-end wedding jewelry.
• Dwarkadas Chandumal Jewellers - Famous for their intricate designs.
• Popley & Sons - Best for contemporary and classic styles.

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:

• Bandra West - Slightly higher rates but less chaotic.
• Borivali West - Competitive suburban pricing.
• Navi Mumbai - 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 sitting on the supply.

Local demand matters too. Bandra West jewelers charge a brand premium. Borivali West sees more competition, so rates stay competitive.

Plus, there's import duty (currently 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

• Opening rate (9 AM): ₹14,320/gram
• Afternoon rate (2 PM): ₹14,356/gram
• Evening rate (6 PM): Updates at 6 PM IST
• Change from yesterday: +₹407 (+2.91%)
• Weekly change: +₹524 (+3.77%)

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.

Factors Affecting 22 Carat Gold Rate in Mumbai Today

• MCX gold futures closed at elevated levels
• International spot gold (LBMA) is hovering near recent highs
• USD/INR exchange rate slipped to ₹83.15, meaning pricier gold
• Import duty remains at 12.5% (unchanged)
• Wedding season demand is building up (peak season starts in December)
• Global uncertainty—whenever markets get nervous, gold gets a bid

Smart Tips for Buying 10 Grams Gold in Mumbai

• Visit early morning: The 9-10 AM window is golden. 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: Look for the 6-digit alphanumeric HUID code. Verify it on the BIS Care app while you're still at the counter.
• Negotiate making charges aggressively: For plain jewelry, you should pay 8-10% maximum.
• Ask for wastage breakup: Wastage should be 1-2%. Anything above 2.5% is excessive.

Gold Rate Forecast for Mumbai (Next 7 Days)

Based on current trends, expect gold to trade in the ₹14,300-₹14,500 per gram range this week.

Key things to watch:

• RBI monetary policy meeting in February
• US Federal Reserve commentary—any dovish signals push gold up
• Rupee movement—if it breaks ₹83/$, gold will spike

22 Carat vs 24 Carat: Which Should You Buy?

For jewelry you'll actually wear—go with 22 carat. It's durable, looks just as good, and costs ₹13,050 less for 10 grams.

Mumbai Gold Market Timings and Contacts

Zaveri Bazaar main market:

• Open Monday to Saturday, 9 AM - 6 PM
• Closed on Sundays and major holidays
• Mumbai Sarafa Association: [Phone Number]

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