Gold Rate in Mumbai Today, July 28, 2026: 24K Gold Edges Up To ₹14,587 Per Gram

Mumbai, July 28: Gold prices in Mumbai barely moved on Tuesday, with rates rising by just ₹1 per gram across the three major purity categories. The quiet session comes after a ₹93 jump in 24K gold on Monday and leaves prices close to their recent levels.

The 24-karat gold rate stood at ₹14,587 per gram, compared with ₹14,586 on July 27. The 22-karat rate increased to ₹13,371 per gram from ₹13,370, while 18-karat gold edged up to ₹10,940 per gram.

The latest move keeps the recovery from last week’s sharp decline intact, although the pace has clearly slowed. The 24K rate is now ₹154 above its July 24 level but remains ₹64 below the recent high of ₹14,651 recorded on July 22.

Mumbai Gold Rate Today

Gold Pauses After Monday’s Strong Rise

Mumbai gold rates have moved sharply in both directions over the past week.

The 24K rate climbed from ₹14,346 on July 20 to ₹14,422 on July 21. It then jumped ₹229 on July 22, taking the price to ₹14,651 per gram.

The rally reversed over the next two sessions. Gold slipped ₹33 to ₹14,618 on July 23 before falling another ₹185 to ₹14,433 on July 24.

Since that drop, the market has recovered gradually. The 24K rate gained ₹60 on July 25, remained unchanged on July 26 and then climbed ₹93 on July 27. Tuesday’s ₹1 increase has taken the price to ₹14,587.

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Gold Price in Mumbai Per Gram

The rates are indicative and do not include GST, TCS or other levies. The amount paid at a jewellery store can be higher depending on making charges, wastage and other costs.

What Would 10 Grams of 22K Jewellery Cost Today?

At the current 22K rate of ₹13,371 per gram, 10 grams of gold has a base value of ₹1,33,710.

Jewellery buyers also need to account for making charges and GST. Assuming making charges of 12% and GST of 3%, the estimated bill is:

The final bill can vary from one jeweller to another depending on the design, making charges, wastage and other applicable costs.

10-Day Gold Price Trend

• July 28: ₹14,587 (+₹1)
• July 27: ₹14,586 (+₹93)
• July 26: ₹14,493 (No change)
• July 25: ₹14,493 (+₹60)
• July 24: ₹14,433 (-₹185)
• July 23: ₹14,618 (-₹33)
• July 22: ₹14,651 (+₹229)
• July 21: ₹14,422 (+₹76)
• July 20: ₹14,346 (+₹17)
• July 19: ₹14,329 (No change)

The last 10 days show a market that has struggled to hold a single direction for long. Gold surged to ₹14,651 on July 22, lost ₹218 over the following two sessions and has since recovered most of that decline.

At ₹14,587, 24K gold is only ₹64 below its July 22 high. Compared with July 19, however, the rate is ₹258 per gram higher.

Recent Gold Price Performance

The broader picture remains positive despite last week’s correction. The 24K rate has gained ₹258 per gram since July 19, while 22K gold is ₹236 higher.

For someone buying 10 grams of 22K gold, the underlying value is ₹2,360 higher than it was on July 19.

Why Do Gold Prices Change Every Day?

Gold rates in Mumbai are influenced by international bullion prices, movements in the rupee against the US dollar and the cost of importing gold into India. That means local prices can move even when jewellery demand in the city itself has not changed significantly.

Interest-rate expectations, inflation, central bank buying and geopolitical developments can also affect bullion prices. The sharp swings seen over the past week are a reminder that these factors can move gold quickly in either direction.

Conclusion

Gold prices in Mumbai were largely steady on July 28, with 24K gold edging up ₹1 to ₹14,587 per gram. The 22K rate increased to ₹13,371, while 18K gold moved to ₹10,940 per gram.

Tuesday’s muted move follows Monday’s stronger advance and suggests the recent recovery has slowed for the moment. Still, 24K gold has regained most of the ground lost during the July 24 selloff and is now just ₹64 below its 10-day high.

Source:

• Goodreturns | Gold prices updated for July 28, 2026.