Huge Jump in Gold Rate Today Ahead of Karwa Chauth! Check Latest 24K, 22K & 18K Gold Prices in Mumbai

Gold prices in Mumbai have shown a steady upward trend over the last few days, rising consistently ahead of the festive season, including Karwa Chauth, Dhanteras and Diwali, times when gold buying traditionally peaks in India. On October 7, 2025, the price of 24K gold rose by Rs 125 to Rs 12,202 for one gram, while 22K gold increased by Rs 115 to Rs 11,185 for per gram.

Gold Rate Today: Check Latest Prices of 22K, 24K and 18K Ahead of Karwa Chauth

With these major gold-buying festivals approaching, prices in Bombay's retail bullion market reflect renewed consumer and investor interest. Check the latest prices of the yellow metal in the financial capital of India below:

Mumbai Gold Rate Today: Check 24 Karat Prices Per Gram

In Mumbai, the price of 24 karat gold saw a notable rise on Tuesday ahead of the upcoming festive Karwa Chauth. The rate for one gram of 24 karat gold increased by Rs 125, bringing it to Rs 12,202, compared to Rs 12,077 the previous day. For bulk buyers, eight grams now cost Rs 97,616, marking a gain of Rs 1,000.

The price of 10 grams of 24K in Mumbai today rose to Rs 1,22,020, up by Rs 1,250, while 100 grams now cost Rs 12,20,200, showing a sharp increase of Rs 12,500.

22 Karat Gold Rate Today in Mumbai

Meanwhile, 22 karat gold, which is commonly used for traditional jewellery in Indian households, also saw an uptick in Mumbai. The price per gram rose by Rs 115, bringing the rate to Rs 11,185, up from Rs 11,070 on previous day.

Eight grams of 22K are now priced at Rs 89,480, rising by Rs 920, and 10 grams have increased to Rs 1,11,850, up by Rs 1,150. For larger purchases, 100 grams of 22 karat gold now cost Rs 11,18,500, showing a significant gain of Rs 11,500. The rise in 22 karat gold rates is closely tied to seasonal demand as families in Bombay begin shopping for gold jewellery ahead of Dhanteras and Diwali.

18 Karat Gold Rate in Mumbai Today: Check Prices To Gift In Karwa Chauth

18 karat gold, often preferred for modern, lightweight or designer jewellery, also moved upward in Mumbai. One gram of 18 karat gold is now priced at Rs 9,152, which is Rs 94 more than yesterday's rate of Rs 9,058. The price for eight grams rose to Rs 73,216, up by Rs 752, while 10 grams now cost Rs 91,520, showing a gain of Rs 940.

Those purchasing 100 grams will now pay Rs 9,15,200, an increase of Rs 9,400 from the previous day. The growing interest in 18 karat gold is partly due to gifting trends and the appeal of lighter jewellery styles during festive shopping in the city.

"As we enter the heart of the festive season, the sentiment is clearly optimistic and well-anchored in conscious, value-led buying. Over the last few months, we've already seen a steady uptick in self-purchase and gifting categories, especially from younger consumers seeking jewellery that is meaningful, modular and ethically crafted..... We're seeing that consumers may be price-aware, but they are also deeply aspirational and that balance is driving demand across metros like Mumbai and Pune," said Namita Kothari, Founder of Akoirah by Augmont.

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