The gold price in Mumbai today, Thursday, March 5, 2026, shows slight movement in line with national bullion trends. The 24-carat gold rate stands at around Rs 16,451 per gram, while 22-carat gold is priced near Rs 15,080 per gram, according to the latest city bullion updates.
At current levels, 10 grams of 24K gold in Mumbai costs about Rs 1,64,510, while 10 grams of 22K gold is priced at roughly Rs 1,50,800.
Gold price in Mumbai today (March 5)
| Quantity | 24K Gold Price | 22K Gold Price |
|---|---|---|
| 1 gram | Rs 16,451 | Rs 15,080 |
| 8 grams | Rs 1,31,608 | Rs 1,20,640 |
| 10 grams | Rs 1,64,510 | Rs 1,50,800 |
| 100 grams | Rs 16,45,100 | Rs 15,08,000 |
These prices represent indicative retail bullion rates for hallmarked gold in Mumbai and typically exclude GST, making charges, and jeweller premiums that may apply when purchasing jewellery, coins, or bars.
Why gold prices are moving today
Gold prices in India are largely influenced by international gold prices, the rupee–US dollar exchange rate, and domestic futures trading on the Multi Commodity Exchange (MCX). Changes in these factors directly impact retail bullion prices across cities.
The precious metal has experienced volatility in recent sessions as investors reacted to global economic uncertainty and geopolitical developments, which often increase safe-haven demand for gold.
Prices similar across major cities
Gold prices in Mumbai, Delhi, Kolkata, Chennai, Hyderabad and other major cities remain broadly similar because they follow the same global benchmarks, import duties and currency movements.
However, small variations may occur depending on local demand, transportation costs and jeweller margins, and prices can fluctuate during the day as international markets move.