Gold prices in Mumbai on May 14, 2026 stand at ₹16,233 per gram for 24 carat gold, ₹14,880 per gram for 22 carat gold, and ₹12,175 per gram for 18 carat gold — up ₹33, ₹30, and ₹25 respectively from yesterday’s levels. The modest day-on-day increase reflects international gold’s marginal overnight gains as the market consolidates following last week’s extraordinary moves driven by the government’s import duty hike from 6% to 15%.
Mumbai’s rates represent the standard national baseline shared with Kolkata, Bengaluru, Hyderabad, Kerala, and Pune. Chennai trades at a premium of ₹185 per gram above Mumbai on 24 carat gold. Delhi sits marginally below Mumbai at ₹16,226 per gram — a small differential reflecting the capital’s specific local levy structure. Vadodara and Ahmedabad trade at ₹16,238 per gram — ₹5 above Mumbai reflecting Gujarat’s state levy framework.
For Mumbai consumers, 10 grams of 24 carat gold now costs ₹1,62,330 against ₹1,62,000 yesterday — a day-on-day increase of ₹330. Eight grams costs ₹1,29,864 against ₹1,29,600 yesterday. The contrast with two days ago is stark — on May 13, the same 10 grams jumped ₹13,910 in a single day on the duty hike. Today’s ₹330 move is a normalisation signal: the dramatic repricing event has passed and Mumbai’s gold market is now in price discovery mode, tracking international spot gold movements around $4,700 per ounce rather than absorbing domestic policy shocks.
Zaveri Bazaar — Mumbai’s primary gold price-setting market and Asia’s largest jewellery hub — is operating in a recalibrated environment where the new post-duty price floor of approximately ₹16,200 per gram for 24 carat gold has been absorbed by buyers and sellers alike. Physical demand is expected to remain suppressed in the near term as consumers adjust to prices that are structurally ₹1,391 per gram higher than they were 48 hours ago.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.