Gold Rate in Mumbai Today, July 9, 2026: Gold Prices Tick Higher After Three-Day Decline

Mumbai, July 9: Gold prices in Mumbai inched up on Thursday after falling for three straight sessions. While the increase was modest, it offered a breather following the sharp correction seen over the past few days.

According to the latest retail rates, 24K gold is priced at ₹14,324 per gram, up ₹11 from Wednesday. 22K gold has risen by ₹10 to ₹13,130 per gram, while 18K gold is now selling at ₹10,743 per gram, up ₹8.

The gains are small, but they suggest that gold prices may be finding some stability after giving up part of the rally seen earlier this month.

Mumbai Gold Rate Today

A Small Recovery After Recent Weakness

The first week of July was anything but quiet for gold buyers. Prices surged sharply on July 2 and July 3, taking 24K gold to ₹14,700 per gram, the highest level recorded this month.

That rally was followed by a steady correction. Gold prices slipped for three sessions in a row before posting a small recovery on Thursday.

Even with the recent decline, prices remain above where they started the month. Compared with July 1, 24K gold is still ₹246 per gram higher, while 22K gold has gained ₹225 per gram.

Investors looking to diversify beyond physical gold can also check the list of Gold ETFs in India.

Gold Price in Mumbai Per Gram

What Would 10 Grams of 22K Jewellery Cost Today?

The quoted gold price is only one part of the total jewellery bill. Buyers also pay making charges and GST, which can significantly increase the final amount.

Using today’s 22K gold rate along with 12% making charges and 3% GST, here’s an estimate:

The final bill may vary depending on the jeweller, the jewellery design, wastage charges and making charges.

 Gold Price Trend Over the Last 10 Days

July 9: ₹14,324 (+₹11)

July 8: ₹14,313 (-₹213)

July 7: ₹14,526 (-₹136)

July 6: ₹14,662 (-₹11)

July 5: ₹14,673 (No change)

July 4: ₹14,673 (-₹27)

July 3: ₹14,700 (+₹322)

July 2: ₹14,378 (+₹300)

July 1: ₹14,078 (-₹126)

June 30: ₹14,204 (+₹11)

The biggest moves came during the first three days of July. Since then, prices have largely moved lower, although Thursday’s slight uptick hints that the recent correction could be slowing.

July Performance So Far

While gold has retreated from this month’s high, it continues to trade in positive territory, with prices still higher than they were at the beginning of July.

Why Do Gold Prices Change Every Day?

Gold prices in Mumbai don’t move in isolation. They are influenced by global bullion prices, movements in the rupee against the US dollar, import duties, geopolitical developments, central bank policies and domestic demand. A change in any of these factors can affect retail gold prices from one day to the next.

Conclusion

After three straight sessions of declines, gold prices in Mumbai have posted a modest recovery. Although the increase is small, it suggests that selling pressure may be easing for now. Whether this turns into a sustained rebound or proves to be a brief pause in the recent correction will depend on how global and domestic market cues unfold over the coming days.

Source:

• Goodreturns | Gold prices updated for July 9, 2026.