Gold Rate Today in Mumbai – Forbes INDIA Advisor

The price of gold is different across Indian states and cities. Forbes Advisor set the gold price of one and 10 grams of 24 karat and 22 karat pure gold in Mumbai today at 9.34am.

24 karat gold price in Mumbai today

22 Karat Gold Price In Mumbai Today

Related: Gold price today in 10 cities in India.

Where to buy gold in Mumbai?

Physical Gold and Gold Savings Plans

Retailers sell physical gold after full payment as well as through gold savings programs. Individuals pay an interest-free monthly fee as an installment for a specific tenure, and jewelers pay the final installment as a cash incentive.

Gold Sovereign Bonds

The Reserve Bank of India (RBI) issues SGBs through banks from time to time. An individual can subscribe to a minimum of 1 gram of gold up to 4 kgs. The value of a bond is 1 gram of gold.

digital gold

The method of buying digital gold involves various forms of investment, including:

  • Gold-Traded Index Funds (ETFs): Exchanges allow traders to invest in an ETF, with one unit equivalent to 1 gram of pure physical gold.
  • Gold Accumulation Plan: Stock Holding Corporation of India’s mobile wallets as well as Gold Rush plan offers to buy digital gold which allows customers to buy and accumulate gold securely without hassle or hassle.

Related: Alternative ways to invest in gold.

Where to sell gold in Mumbai?

Retailers and traders can buy gold from individuals for a certain amount after verifying the purchase invoice, purity, current cost, etc. Individuals can also avail loans from banks and NBFCs against their gold as collateral. Interest rates on gold loans vary between banks depending on factors such as jewelry weight, value (ranging from 18K to 24K), repayment period, to name a few.

Frequently Asked Questions (FAQ)

What is the gold price in Maharashtra?

Gold prices in India vary across states and even cities due to factors such as transportation costs, bulk purchase discounts, jeweler added costs, and other taxes. The current gold price in the city of Mumbai, Maharashtra is INR 4,554 for 1 gram of pure 24 karat gold and INR 4,174 for 1 gram of pure 22 karat gold.

Here is today’s gold price in Ahmedabad, Chennai, Bangalore, Delhi, Hyderabad, Kochi, Mumbai, Surat and Coimbatore.

Which gold is better 22K or 916?

Is there a tax levied when buying and selling gold?

Why do gold prices vary across Indian cities and states?

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