Gold Rate in Mumbai Today, July 23, 2026

Mumbai, July 23: Gold prices continued their upward march in Mumbai, with bullion rates posting another healthy increase after Wednesday’s rally. Twenty-four karat gold gained ₹77 per gram to ₹14,728, up from ₹14,651 in the previous session. Twenty-two karat gold rose ₹70 to ₹13,500 per gram, while 18-karat gold increased by ₹58 to ₹11,046 per gram.

Gold prices in Mumbai extended their gains on Thursday as retail bullion rates moved higher for a second straight session. After Wednesday’s sharp jump, prices continued to rise, pushing both 24K and 22K gold to their highest levels seen over the past 10 days.

As of today, 24K gold is priced at ₹14,728 per gram, while 22K gold costs ₹13,500 per gram. The 18K gold rate stands at ₹11,046 per gram.

The latest move builds on Wednesday’s sharp rally, when 24K gold jumped ₹229 per gram and 22K gold climbed ₹210 per gram. In just two trading sessions, 24K gold has added ₹306 per gram, while 22K gold has gained ₹280, marking one of the strongest short-term advances this month.

Looking beyond the last two days, the broader trend has also turned positive. Since July 14, 24K gold has appreciated by ₹448 per gram, rising from ₹14,280 to ₹14,728. During the same period, 22K gold has climbed ₹410, from ₹13,090 to ₹13,500. After a brief dip around July 16 and July 17, prices regained momentum and have now advanced for five of the last six trading sessions.

For jewellery buyers, the latest increase means 10 grams of 24K gold now costs ₹1,47,280, while the base price of 10 grams of 22K gold stands at ₹1,35,000 before making charges and taxes.

Investors looking to participate in gold price movements without buying physical gold can also consider Gold ETFs, which offer market-linked exposure without storage or purity concerns.

Explore Gold ETFs:https://hdfcsky.com/etf/gold-etf

Mumbai Gold Rate Today

Gold Price in Mumbai Per Gram Today

How Much Would 10 Grams of 22K Gold Jewellery Cost Today?

At today’s rate, the base value of 10 grams of 22K gold is ₹1,35,000.

If a jeweller charges 12% making charges and 3% GST, the estimated cost would be:

The final amount may differ depending on the jeweller’s making charges and the jewellery design.

Mumbai Gold Rate: Last 10-Day Trend

How Have Gold Prices Moved Over the Last 10 Days?

Gold prices in Mumbai have staged a notable recovery during the second half of July. After slipping on July 16 and July 17, the market quickly reversed course, with steady gains over the following sessions. The biggest jump came on July 22, and today’s rise has helped extend that momentum.

Compared with July 14, 24K gold is now ₹448 per gram higher, while 22K gold has gained ₹410 per gram. The back-to-back gains over the last two sessions have taken prices to the highest level recorded during the 10-day period.

Why Do Gold Prices Change Every Day?

Retail gold prices are revised every day because they reflect changes in the bullion market. Rates can move due to fluctuations in international gold prices, domestic demand, import costs, currency movements, taxes and local market conditions. As these factors change, jewellers update their retail prices accordingly.

Conclusion

Gold prices in Mumbai continued to strengthen on July 23, extending the rally that began in the previous session. With 24K gold at ₹14,728 per gram and 22K gold at ₹13,500 per gram, retail rates are now at their highest point in the last 10 days. While the recent uptrend may influence near-term jewellery purchases, buyers should also factor in making charges and taxes, which can significantly increase the final bill.