Gold Rate in Mumbai Today, July 31, 2026: 24K Gold Climbs ₹27, Recovery Continues

Mumbai, July 31: Gold prices in Mumbai edged higher on Friday, extending Thursday’s gains as bullion continued to recover from the sharp correction witnessed earlier this week. While prices have rebounded over the past two sessions, they are still trading below last week’s highs.

According to the latest rates, 24-karat gold increased ₹27 to ₹14,460 per gram. 22-karat gold rose ₹25 to ₹13,255 per gram, while 18-karat gold gained ₹20, taking the retail rate to ₹10,845 per gram.

The recent uptick indicates improving sentiment in the physical gold market, though buyers continue to watch global price trends and currency movements for further direction.

Mumbai Gold Rate Today

Gold Extends Recovery After Earlier Decline

After witnessing a steep correction between July 28 and July 29, gold has now recovered for two straight sessions. Thursday saw a strong rebound of ₹82 per gram, followed by another ₹27 increase on Friday.

Despite the recovery, 24K gold is still ₹191 per gram below its July 22 level of ₹14,651, indicating that the recent gains have only partially reversed last week’s losses.

Investors who prefer market-linked exposure instead of buying physical jewellery can explore Gold ETFs in India here: https://hdfcsky.com/etf/gold-etf

Gold Price in Mumbai Per Gram

The above prices are indicative and exclude GST, TCS and other statutory charges. Final jewellery prices may vary across jewellers.

Estimated Cost of 10 Grams of 22K Gold Jewellery

The final jewellery bill includes the gold value, making charges and GST.

Using 12% making charges and 3% GST, the estimated cost is:

Actual charges may differ depending on the jeweller, craftsmanship and design.

Gold Price Trend Over the Last 10 Days

• July 31: ₹14,460 (+₹27)
• July 30: ₹14,433 (+₹82)
• July 29: ₹14,351 (-₹66)
• July 28: ₹14,417 (-₹169)
• 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)

The past 10 trading sessions reflect a volatile market. After a sharp decline earlier this week, gold has regained some ground over the last two sessions, though prices remain below where they stood in late July.

Recent Price Performance

Although the market has bounced back over the last two days, prices are yet to erase the losses recorded during the correction.

Why Gold Prices Change Every Day

Gold prices in India move in line with international bullion prices, fluctuations in the rupee against the U.S. dollar, import duties, inflation expectations and central bank policy decisions. Domestic demand, geopolitical developments and seasonal jewellery buying also influence day-to-day retail prices.

Conclusion

Gold prices in Mumbai continued their recovery on Friday, with 24K gold rising ₹27 to ₹14,460 per gram and 22K gold climbing to ₹13,255 per gram. While the rebound has improved sentiment after last week’s decline, prices remain below their recent highs, keeping buyers focused on global bullion trends and currency movements for the next major trigger.

Source: 

• Goodreturns | Gold prices updated for July 31, 2026.