Gold Rate in Mumbai Today, July 2, 2026: 24K Gold Rises to ₹14,455 Per Gram

Mumbai, July 2: Gold prices in Mumbai moved up on Thursday, with rates increasing across all major purity categories. The latest revision places 24-karat gold at ₹14,455 per gram, while 22-karat gold is priced at ₹13,250 per gram. The rate for 18-karat gold has also climbed to ₹10,841 per gram. 

The day’s revision brought a noticeable increase over Wednesday’s prices. 24K gold advanced by ₹377 per gram, 22K gold gained ₹345, and 18K gold was higher by ₹282. 

Mumbai Gold Rates Today 

Prices Rise Across All Purity Categories 

Gold prices in Mumbai started Thursday on a firmer note, with all three purity categories posting gains from the previous session. Daily retail rates are revised in line with movements in the bullion market, while exchange rate fluctuations and domestic demand also influence the prices seen at jewellery stores. 

Although the benchmark rate remains the same across much of the city, the final amount payable can differ between jewellers once making charges and other applicable costs are added. 

Estimated Cost of Buying 10 Grams of 22K Gold 

Using the prevailing market rate and assuming 12% making charges along with 3% GST, the estimated purchase cost works out as follows: 

The above estimate is indicative and based on the prevailing benchmark rate. The final bill may vary depending on the jeweller’s making charges and pricing policy. 

What Drives Gold Prices? 

Gold prices change every day under the influence of several domestic and global factors, including: 

• International bullion prices 

• Rupee-US dollar exchange rate 

• Import duties and taxation 

• Demand from the jewellery market 

• Global economic and geopolitical developments 

Retail rates can also differ slightly across cities and jewellery retailers because of transportation costs, inventory expenses and individual pricing policies. 

Conclusion 

Gold prices in Mumbai rose on July 2, with gains recorded across 24K, 22K and 18K categories. The benchmark rates offer a useful reference for buyers, though the final purchase price will depend on making charges, GST and the jeweller’s pricing structure. 

Source:

•  goodreturns.in | Rates as of Thursday, July 2, 2026.
• https://www.goodreturns.in/gold-rates/mumbai.html#google_vignette