Gold prices in Mumbai traded marginally lower on Friday, January 16, amid mixed signals from global and domestic markets. While international spot gold faced pressure from a stronger US dollar and rising US Treasury yields, MCX gold in Mumbai continued to hold a relatively stable trend supported by domestic demand.
According to the latest available data, 24-carat gold is priced at Rs 14,340 per gram in Mumbai, 22-carat gold is at Rs 13,145 per gram, and 18-carat gold stands at Rs 10,755 per gram. These rates are indicative bullion prices and do not include GST, TCS or jewellery making charges.
Gold price in Mumbai today (January 16, 2026)
| Purity | Price (Per gram) |
|---|---|
| 24K gold | ₹14,340 |
| 22K gold | ₹13,145 |
| 18K gold | ₹10,755 |
City-wise gold rate comparison (per gram)
| City | 24K today | 22K today | 18K today |
|---|---|---|---|
| Chennai | ₹14,433 | ₹13,230 | ₹11,050 |
| Mumbai | ₹14,340 | ₹13,145 | ₹10,755 |
| Delhi | ₹14,355 | ₹13,160 | ₹10,770 |
| Kolkata | ₹14,340 | ₹13,145 | ₹10,755 |
| Bengaluru | ₹14,340 | ₹13,145 | ₹10,755 |
| Hyderabad | ₹14,340 | ₹13,145 | ₹10,755 |
| Kerala | ₹14,340 | ₹13,145 | ₹10,755 |
| Pune | ₹14,340 | ₹13,145 | ₹10,755 |
| Vadodara | ₹14,345 | ₹13,150 | ₹10,760 |
| Ahmedabad | ₹14,345 | ₹13,150 | ₹10,760 |
Why gold prices are moving in Mumbai today
🔹 Stronger US dollar & yields:
A firmer US dollar and rising Treasury yields following resilient US economic data weighed on international spot gold prices, putting mild downward pressure on domestic rates.
🔹 Global cues vs. local demand:
Spot gold traded softer on global exchanges due to macroeconomic factors. However, MCX gold in India showed relative resilience, supported by steady domestic demand and technical momentum.
🔹 Domestic market dynamics:
Gold prices in Mumbai are influenced by international bullion rates, the USD-INR exchange rate, import duties and local taxes, which together determine the daily pricing trend.
FAQs on Gold Prices in Mumbai
Q: Why are gold prices quoted differently across Indian cities?
Prices vary slightly due to local taxes, transportation costs, dealer margins and regional demand patterns.
Q: Do these gold rates include GST and making charges?
No — the quoted prices are indicative bullion rates and exclude GST, TCS and jewellery making charges.
Q: Which gold purity is most popular in Mumbai?
22K gold is most commonly used for jewellery purchases, while 24K gold is preferred for investment.
Q: Can gold prices change during the day?
Yes — gold prices can be updated multiple times during the day as international bullion prices and currency markets move.
Disclaimer: The information above is for informational purposes only and should not be considered financial or investment advice. Precious metal prices are subject to market risks and fluctuations. Always consult with a professional advisor or jeweller before making a purchase.
