Gold price per troy ounce in Mumbai
On November 5, 2026, one troy ounce of 24K gold in Mumbai is worth 388,671 INR; 22K is 356,023 INR and 18K is 291,503 INR.
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Price per troy ounce in INR by karat
| Karat | Per troy ounce | Buy (bid) / gram | Sell (ask) / gram |
|---|---|---|---|
| 24K999 | 388,671 | 12,246.15 | 12,745.99 |
| 22K916 | 356,023 | 11,217.47 | 11,675.33 |
| 21K875 | 340,087 | 10,715.38 | 11,152.74 |
| 18K750 | 291,503 | 9,184.61 | 9,559.50 |
| 14K585 | 227,373 | 7,164.00 | 7,456.41 |
| 10K417 | 162,076 | 5,106.64 | 5,315.08 |
| 9K375 | 145,752 | 4,592.31 | 4,779.75 |
About this unit
Gold is priced internationally per troy ounce, which equals 31.1035 grams — about 10% heavier than the ordinary (avoirdupois) ounce of 28.35 g.
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INR exchange rate
| 1 USD | 94.6202 INR |
|---|---|
| 1 EUR | 106.3253 INR |
| 1 GBP | 127.4662 INR |
Gold spot price trend (USD/oz)
How the gold price in Mumbai is calculated
We take the live spot price of 4,107.70 USD per troy ounce, divide it by 31.1035 to get 132.07 USD per gram of pure gold, and multiply by today’s exchange rate of 94.6202 INR per dollar. That gives 12,496.07 INR per gram for 24K. Lower karats are priced by their gold content.
Zaveri Bazaar in Mumbai is India’s largest gold market and a reference for wholesale prices across the country.
Gold in Mumbai is priced in the same currency as the rest of India; differences between shops come from margins and making charges, not from the metal price.
Before you sell, weigh your pieces on a jeweler’s scale, check the hallmark and compare at least two quotes. Read our guide to selling gold.
More gold prices in Mumbai
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