Gold Rate in Mumbai Today, July 3, 2026: 24K Gold Inches Up to ₹14,379 Per Gram 

Mumbai, July 3: Friday’s revision brought little change to gold prices in Mumbai. Rates across the three widely traded purity categories inched up by just ₹1 per gram, leaving the market broadly where it stood after Thursday’s sharp climb. 

The latest benchmark places 24-karat gold at ₹14,379 per gram. 22-karat gold is quoted at ₹13,181 per gram, while 18-karat gold is selling at ₹10,785 per gram. 

Mumbai Gold Rates Today 

Prices Hold Largely Steady Across All Purity Categories 

There wasn’t much for the market to react to this time. After Thursday’s sizeable jump, Friday’s update amounted to little more than a routine revision, with every purity category adding a single rupee per gram. 

For anyone walking into a jewellery showroom, however, the benchmark price is only the starting point. The figure on the invoice can look quite different once making charges and GST are applied, and those costs vary from one retailer to the next. 

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 calculation above is indicative and uses the day’s benchmark rate. Actual billing may differ depending on the jeweller’s pricing structure and making charges. 

What Drives Gold Prices? 

Gold rates are revised daily, but no single factor determines the direction of prices. Among the key influences are: 

• International bullion prices 

• Rupee-US dollar exchange rate 

• Import duties and taxation 

• Demand from the jewellery market 

• Global economic and geopolitical developments 

Retail prices generally move in tandem across India’s major cities, although local costs and jeweller-specific pricing can create modest differences in the final retail rate. 

Conclusion 

Friday wasn’t a session of dramatic moves for Mumbai’s gold market. The benchmark price ticked higher by only ₹1 per gram, leaving rates almost unchanged from the previous day. Even so, buyers planning a purchase may find it worthwhile to compare making charges across jewellers, as those often have a greater impact on the final amount than such a marginal change in the gold rate. 

Source

• goodreturns.in | Rates as of Friday, July 3, 2026.