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Gold Rate Today in Mumbai (27 February, 2026)

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Many buyers in Mumbai city check the gold rate today daily before purchasing jewelry or investing in gold bars and coins. Understanding the current gold rate in Mumbai helps both investors and consumers make informed financial decisions.

Over time, fluctuations in demand, currency exchange rates, and import duties can impact these gold prices, so staying updated is essential for smart gold buying.
India Ahmedabad Mumbai Delhi Chennai Bangalore

Today’s Gold Rate in Mumbai

10 Gram GoldGold Rate & Trend
24 Carat Goldâ‚ą1,61,150
22 Carat Goldâ‚ą1,47,730
Trend TodayIPO GMP Down

Historical 10 Gram Gold Rate in Mumbai

Date24 Carat22 CaratTrend
27 February 2026â‚ą1,61,150â‚ą1,47,730IPO GMP Down
26 February 2026â‚ą1,61,160â‚ą1,47,740IPO GMP Down
25 February 2026â‚ą1,61,930â‚ą1,48,450IPO GMP UP
24 February 2026â‚ą1,61,500â‚ą1,48,050IPO GMP UP
23 February 2026â‚ą1,59,410â‚ą1,46,130IPO GMP Down
22 February 2026â‚ą1,59,420â‚ą1,46,140IPO GMP UP
21 February 2026â‚ą1,57,520â‚ą1,44,400IPO GMP UP
20 February 2026â‚ą1,56,640â‚ą1,43,600IPO GMP UP
19 February 2026â‚ą1,54,330â‚ą1,41,480IPO GMP UP
18 February 2026â‚ą1,54,330â‚ą1,41,480IPO GMP Down
17 February 2026â‚ą1,56,570â‚ą1,43,530IPO GMP Down
16 February 2026â‚ą1,57,880â‚ą1,44,730IPO GMP Down
15 February 2026â‚ą1,57,890â‚ą1,44,740IPO GMP UP
14 February 2026â‚ą1,55,910â‚ą1,42,930IPO GMP Down
13 February 2026â‚ą1,58,530â‚ą1,45,330IPO GMP Down
12 February 2026â‚ą1,59,750â‚ą1,46,450IPO GMP UP
11 February 2026â‚ą1,58,930â‚ą1,45,700IPO GMP UP
10 February 2026â‚ą1,58,060â‚ą1,44,900IPO GMP UP
9 February 2026â‚ą1,56,730â‚ą1,43,680IPO GMP Down
8 February 2026â‚ą1,56,740â‚ą1,43,690IPO GMP UP
7 February 2026â‚ą1,53,840â‚ą1,41,030IPO GMP Down
6 February 2026â‚ą1,54,550â‚ą1,41,680IPO GMP Down
5 February 2026â‚ą1,59,590â‚ą1,46,300IPO GMP UP

Short Calculation of the Gold Rate in Mumbai

3% GST is calculated on the gold rate
Making charges also approximately 5%

Supply Constraints are One of the Main Reasons Why Gold Prices are Higher in Mumbai.

The gold rate in Mumbai is affected by many factors, and one of the recent ones is supply constraints. However, these reasons are all connected with international conditions.

Over the past few years, the gold rate in Mumbai has decreased because approximately 40% of gold production takes place there, which is why Gold prices in Mumbai have dropped drastically.

Where and What are the Best Ways to Store Your Gold in Mumbai?

As we all know, in the old days, it was easy to maintain gold anywhere because of trust; one could have gold safely anywhere, like relatives’ homes, offices, or their own home’s cupboard or specific places. However, nowadays it is really hard for everyone to have a safe home, even in their own house. 

Mumbai is a fast and crowded city, so it’s an uphill task for individuals to keep their gold safe. Significantly, if one is living in Mumbai and has a maximum amount, a bank locker is the best place. 

Today, in Mumbai, bank lockers take a â‚ą5000 charge annually for keeping safe gold. 

HDFC Bank Safe Deposit Lockers, ICICI Bank Safe Deposit Lockers, State Bank of India (SBI) Safe Deposit Lockers, and Axis Bank Safe Deposit Lockers are some of the good bank locker names mentioned. 

Apart from that, the home is also one of the secure places, where gold is kept to yourself, and whenever you need it, it’s in your hands. Moreover, whenever one needs to wear it at festivals or specific functions, it can be worn. 

The third one is your home’s own locker; in a bank’s locker, it is chargeable and time-consuming; however, the home locker does not charge for charges. 

What Type of Gold could be purchased in Mumbai? 

Presently, there are various types of gold schemes available to invest in gold. Most people are still buying physical gold in order to wear on special occasions or for investment purposes, also keeping in mind that gold is a safe investment for the long term. 

Apart from physical gold, other gold schemes are mentioned below the line.

1. Gold ETFs

Gold ETFs (Exchange Traded Funds) are one of the leading ways for long-term investment, and these ETFs are also considered to have the same price per unit as gold grams. 

Various companies, experts, and managers take money from investors and invest in gold companies or gold-related activities to provide individuals with higher returns.

2. SGB

SGB(Sovereign Gold Bonds) is a government scheme, wherein at a particular time, the RBI(Reserve Bank of India) launches SGB along with 8 8-year locking period. These gold bonds provide 2.5% interest annually to individuals.

3. Gold coin

The gold coin is also one of the best ways to save money. Gold coins can be easily bought or sold in most markets worldwide, providing liquidity. Their demand is high, especially during times of economic instability.

Frequently Asked Questions:


How to check today’s Gold rate in Mumbai?

To check Today’s gold rate in Mumbai, IPO Watch is one of the leading platforms in terms of providing updated gold rates in Mumbai.

Why does the Gold price keep changing in Mumbai?

There are varied factors that influence gold prices to keep changing, such as the interest rates of developed countries and local demand for gold. In addition, local events and festivals in Mumbai lead to gold price spiking.

What are the tax charges for purchasing gold in Mumbai?

In Mumbai, buying gold jewelry involves a 3% tax on the gold’s value and a 5% making charge under GST.

How to check Gold purity in Mumbai?

There are various ways to check gold purity. First and foremost, one could go to a reputed jeweler’s shop. Further, you can check the hallmark on gold jewelry and use a gold testing kit for gold purity.

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Picture of Jagat Joshi

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.
Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.
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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.

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