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Current Gold Rate

22 KARAT

Rs.5710 per gm

18 KARAT

Rs.4735per gm

Today's Gold Rate in Mumbai

A wide range of factors influence today’s gold rate in Mumbai. Physical gold is available as coins, jewellery, ornaments, bars, ingots, etc. Gold also holds prominence in commodity trading on national and international markets. In India, it can be traded on exchanges like the National Commodity and Derivatives Exchange (NCDEX), Multi Commodity Exchange (MCX), and National Spot Exchange (NSEL).

Key Factors Affecting the Price of Gold in Mumbai

Numerous factors affect gold costs in Mumbai. Some of them include the following..
  • Import Duty and Taxes: Import duty and local taxes significantly influence the prices of gold, causing variations in prices across different cities.
  • MCX Index: The MCX, a primary exchange for trading precious metals, greatly impacts gold price fluctuations.
  • International Gold Prices: Changes in the international market significantly impact the local rate of gold.
  • Economic Factors: Currency values, inflation rates, and economic stability play a crucial role in determining the value of these precious metals.
  • Supply and Demand: The balance between the supply of gold and consumer demand for gold directly affects prices.
  • Government Policies: Regulations and duties on gold imports influence the domestic market prices.

Understanding Forms and Purity of Gold

  • Purity of Gold: Gold is available in different purities, with 24-carat gold representing the purest form.
  • Forms of Gold: Investment options include physical gold (like gold coins and jewellery), gold ETFs, sovereign gold bonds, and digital gold.

Gold as an Investment

  • Gold ETFs and Gold Funds: Gold exchange-traded funds allow investment in gold without the need for physical gold storage.
  • Sovereign Gold Bonds: The government offers these bonds as a safe investment option.
  • Digital Gold: A modern form of investing, allowing online purchase and ownership of gold.

Current Gold Rate Trends and Predictions

While it is challenging to predict gold’s exact prices in the future due to regular fluctuations, a host of factors such as international gold prices, economic trends, and domestic demand patterns can provide insights into potential rate movements. Investors should consider these aspects while making gold-related decisions.
Gold  Schemes

Gold loans and various gold investment schemes offer additional avenues for leveraging gold for financial purposes.

Om Pragati Savings Scheme from Om Jewellers offers an innovative and financially savvy way for customers to invest in precious jewelry. Under this scheme, all you need to do is make monthly payments for nine months, contributing towards your desired jewellery purchase. In the 10th month, you will be rewarded with a special offer: a substantial 75% discount on their installments, effectively enhancing the value of their investment.

This scheme is designed to make luxury jewellery more accessible and affordable, allowing you to plan and save efficiently for high-quality pieces. Om Pragati stands out with its focused, high-value saving plan, tailored specifically for jewellery enthusiasts who appreciate both elegance and financial prudence.

Make your Appointment today

Make your appointment to visit our Borivali, Mulund, and Bandra stores or Call 098234 39005

The Global and Local Impact on the Rate of Gold
The domestic market for gold in Mumbai reflects both global trends and local demand for gold. As the financial capital of India, prices of gold in the city are a key indicator of the overall health of the gold trade in the country.

Keeping Updated

For those interested in the international gold market, staying informed about the latest market trends, rates, and economic factors is crucial. Regular updates and expert insights can help in making informed financial decisions. Explore exquisite gold jewellery at our Jewellery store in Borivali Mulund, and for diamond jewellery at Bandra Jewellery store for timeless pieces that reflect both style and tradition.

Disclaimer from Om Jewellers

Please note that the gold rates provided on our website are for informational purposes only and are subject to change. Om Jewellers does not guarantee the accuracy or timeliness of this information. The content provided should not be construed as investment advice. Investors are advised to conduct their own research or consult with a financial expert before making any informed decisions related to gold investment.
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Bhavin Jakhia

Bhavin Jakhia, a highly-regarded expert in the jewellery field, directs Om Jewellers—a legacy brand rooted in craftsmanship since 1939. A Mumbai University graduate, Bhavinji taking the helm in 2003, his 20+ years in the industry drive impactful leadership. Bhavinji seamlessly merges traditional expertise with a passion for innovative designs. Personally refining gold designs, Bhavinji elevates Om Jewellers to new heights, embodying timeless elegance. Inspired by his wife Bhavana Jakhia, he encourages collaborative creativity, resulting in a curated collection synonymous with style and sophistication. Bhavinji’s hands-on approach and visionary leadership make Om Jewellers an emblem of excellence in jewellery.

Bhavesh Jakhia

Bhavesh Jakhia, is a Director at Om Jewellers whose directorial journey commenced in 2015 upon earning a Bachelor’s Degree in Logistics, Material & Supply Chain Management from PSB Academy. With over 8 years of dedicated expertise in the jewellery industry, Bhaveshji brings a distinctive edge to the field. Beyond traditional management, he possesses a profound understanding and admiration for the intricate artistry inherent in jewellery craftsmanship. Bhaveshji’s expertise in overseeing store operations and shaping innovative marketing strategies has resulted in a transformative journey for Om Jewellers. Each gold and diamond piece now breathes life, reflecting his commitment to infusing vitality and expertise into every creation.