Gold Rate in Mumbai Today, August 17, 2026: 24K Gold Rises to ₹15,566 Per Gram

Mumbai, Aug 17: Gold prices in Mumbai moved higher on Monday, with all three major purity categories recording gains. According to the latest rates shown, 24-karat gold is priced at ₹15,566 per gram, up ₹53 from the previous session. 

22-karat gold is trading at ₹14,270 per gram, higher by ₹50, while 18-karat gold stands at ₹11,676 per gram, up ₹41. 

The latest increase comes as bullion prices also moved higher in early trading amid global economic and geopolitical concerns. Reports on August 17 pointed to a weaker US dollar and renewed geopolitical tensions as factors supporting gold demand. (Moneycontrol) 

Mumbai Gold Rates Today 

Gold Prices Rise in Mumbai 

Mumbai’s gold market has seen considerable movement over the past 10 days. The latest session marks another positive move after prices fluctuated between gains and losses earlier in August. 

The supplied rate data shows 24K gold at ₹15,566 per gram on August 17, compared with ₹15,513 on August 16. Meanwhile, 22K gold increased from ₹14,220 to ₹14,270 per gram. 

The broader bullion market has also been supported by global economic cues. Gold prices have remained sensitive to movements in the US dollar, interest-rate expectations and geopolitical developments.  

Investors looking for an alternative to physical gold can also check the list of gold ETF in India. 

Today Gold Price Per Gram in Mumbai 

Estimated Cost of Buying 10 Grams of 22K Gold 

Based on the calculator displayed in the supplied rate data, a 10-gram 22K gold purchase with 12% making charges and 3% GST would cost approximately: 

This is an indicative calculation. The actual jewellery bill can vary depending on the jeweller, design, making charges, wastage and applicable taxes. 

Gold Rate in Mumbai for Last 10 Days 

Mumbai Gold Price Trend 

The 10-day data shows a clear upward movement in Mumbai’s gold prices despite several short-term corrections. 24K gold rose from ₹15,235 per gram on August 8 to ₹15,566 on August 17, representing an increase of ₹331 per gram. 

During the same period, 22K gold increased from ₹13,965 to ₹14,270 per gram, gaining ₹305 per gram. 

The strongest daily move in the supplied table occurred on August 11, when 24K gold increased by ₹185 per gram and 22K gold rose by ₹170. Prices then experienced a correction on August 13 before recovering over the following sessions. 

What Drives Gold Prices in Mumbai? 

Gold rates in Mumbai are influenced by international bullion prices, the rupee’s movement against the US dollar, import costs, domestic demand and global economic conditions. Retail jewellery prices can also differ from headline gold rates because jewellers add making charges and applicable taxes. 

Gold prices across Indian cities can vary slightly because of local demand, transportation costs and jeweller pricing practices. (The Times of India) 

Conclusion 

Gold prices in Mumbai moved higher on August 17, 2026, with 24K gold reaching ₹15,566 per gram, while 22K gold stood at ₹14,270 and 18K gold at ₹11,676. The latest increase extends the upward movement seen over the past several sessions. 

The 10-day trend also shows that both 24K and 22K gold are substantially higher than their August 8 levels. For jewellery buyers, however, the headline gold rate is only part of the final cost, as making charges and GST can significantly increase the amount payable.  

Source

•  https://www.goodreturns.in/gold-rates/mumbai.html