As of November 6, 2023, the price of gold in Mumbai is ₹5,635 per gram for 22 karat gold and ₹6,147 per gram for 24 karat gold. However, its important to note that gold rates in Mumbai change on a regular basis, with a number of factors impacting rates, such as demand and supply of gold, inflation, and rupee-dollar valuation. The gold rate in Mumbai is determined by the Indian Bullion Jewellers Association based on certain factors. To determine the gold rate in Mumbai today per 10 grams, international gold prices are taken into consideration, and various banks and private agencies import gold into India. Over this amount, their margin is added along with applicable tax. As per the currency rate, the final rate of gold in Mumbai is determined.