The price of gold is different across Indian states and cities. Forbes Advisor has put together the gold price of one and 10 grams of 24-Carat and 22-Carat pure gold in Mumbai today, as of 9:34 am.

24 Carat Gold Price In Mumbai Today

22 Carat Gold Price In Mumbai Today

Related: Today’s gold price in 10 cities of India.

Where to Buy Gold in Mumbai?

Physical gold and gold saving schemes

Retailers sell physical gold upon full payment as well as through gold saving schemes. Individuals pay a monthly fee without interest as installment for a specific tenure, and jewelers pay the last installment as a cash incentive.

Sovereign gold bonds

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

Digital gold

The method of buying gold digitally involves various forms of investing including:

• Gold exchange traded funds (ETFs): Stock exchanges allow traders to invest in an ETF, with one unit equivalent to 1 gram of pure physical gold.

• Gold accumulation plan: Mobile wallets as well as Gold Rush plan of Stock Holding Corporation of India offers to buy digital gold that allow customers to buy and accumulate gold safely without any concern or worry.

Related: Alternative ways to invest in gold.

Where to Sell Gold in Mumbai?

Retailers and dealers may buy gold from individuals in a certain amount upon verifying the bill of purchase, its purity, current cost, etc. Individuals can instead also avail of loans from banks and NBFCs against their gold as collateral. The interest rates on gold loans vary among banks on the basis of factors like weight of the jewelry, value (ranging from 18K to 24K), repayment period, to name a few.