Today’s average gold rate in Maharashtra is ₹15,023/g for 24K, ₹13,771/g for 22K, and ₹11,267/g for 18K. Retail gold price can vary with purity, market movements, demand, GST, and dealer charges.
18K, 22K & 24K Gold Rates in Maharashtra
Gold Rates for the Last 10 Days in Maharashtra
Gold Rate Chart for Maharashtra
How is Purity of Gold Evaluated in Maharashtra?
Not everyone in Maharashtra buys gold jewellery. Many investors also buy coins and bars. If you are buying any form of gold, check the Bureau of Indian Standards (BIS) hallmark first. Every hallmarked article carries a Hallmark Unique Identification (HUID). You will also find a purity mark such as 999 for 24K, 916 for 22K, or 750 for 18K. The purest form is 24K gold, which is why it is commonly preferred for investment. 22K gold is a popular choice for jewellery. It is more durable. 18K gold contains a higher proportion of other metals, making it suitable for intricate jewellery designs and daily wear.
Many investors who buy coins and bars regularly track the 24-carat gold rate today in Maharashtra because investment-grade gold is commonly sold in 24K purity. Jewellery, on the other hand, is more commonly available in 22K and 18K. Maharashtra has close to 190 BIS assaying and hallmarking centres. Mumbai, Pune, Nagpur, Nashik, Kolhapur, Thane, and several other cities have these authorised centres where gold can be tested. Different parts of Maharashtra have different jewellery associations. Mumbai has the Western Mumbai Jewellers Association. Pune has the Pune Saraf Association. Statewide, jewellers also work with organisations such as IBJA, All India Gem and Jewellery Domestic Council (GJC), and the Maharashtra Rajya Saraf Suvarnakar Federation.
Why Jewellers in Maharashtra Offer Different Rates?
The gold price in Maharashtra may not be identical everywhere, even on the same day. Walk into two jewellery stores, and the quotations can still be different. Here are some of the common reasons. Different business costs zaveri Bazaar is built around high-volume gold trading. Laxmi Road in Pune is known for traditional jewellery shopping. A large showroom in one market and a family-run jewellery store in another rarely have the same day-to-day expenses. That difference can appear in the final bill. Sourcing and hedging. Mumbai is one of India's main entry points for imported bullion. Some jewellers buy closer to this supply chain, while others depend on wholesalers in different cities. If gold mining expands in Chandrapur or Sindhudurg in the future, locally sourced gold could further change procurement costs for some jewellers.
Making charges and wastage: A Thushi, Kolhapuri Saaj, or Patlya takes far more work than a plain chain. The making charge usually reflects the design you choose, not just the weight of the gold. Billing structure festive offers are handled differently from one jewellery store to another. Some reduce the making charges. Others offer exchange benefits instead. Some brands also charge a premium for their designs. The final bill also includes 3% GST on the gold value and 5% GST on the making charges. Looking only at the 1 gram gold price in Maharashtra does not give the complete picture.
Gold Rate Per Gram in Major States
Gold Rate Per Gram in Major Cities
Things to Consider Before Buying Gold
The following checks can help buyers make a more informed purchase decision:
- Verify hallmarking and HUID: Real gold items feature a laser-etched, six-digit alphanumeric Hallmark Unique Identification (HUID) code in addition to the regular BIS logo.
- Get the full cost breakdown: Ask for a written breakdown of the value of the metal, making charges, wastage (if charged), the value of stones if applicable and all taxes before you agree to the price.
- Factor in GST correctly: Gold attracts 3% GST. Making charges on jewellery are subject to an additional 5% GST. Both are sometimes underemphasised in verbal quotes at the counter.
- Compare exact specifications: When getting multiple quotes, ensure they are for the same purity, same design, and same weight. Even small differences in these variables make comparisons unreliable.
What Factors Affect the Gold Price
When people search for the gold price today, it helps to understand that the final rate is not controlled by a single factor. Several factors work together.
- Global market trends: International prices influence the current price of gold. This happens because gold is traded globally. It reacts to macroeconomic news, geopolitical tensions, and broader risk sentiment.
- Local demand and supply: Indian demand often rises during wedding months and major festivals, which can add pressure on local premiums, especially when supply is tight or logistics slow down. Import availability and the overall supply chain also affect the gold price per gram you see at retail counters.
- Investor sentiment and speculation: Short-term price movement can also be influenced by trading activity and expectations across commodities, equities, and interest-rate outlooks, which can impact near-term gold rates even when physical demand stays steady.
Benefits of investing in Gold
- Inflation hedge: It is like a store of value for long periods. It can be a good asset to have when consumer prices rise.
- Portfolio diversification: Gold can behave differently than stocks and bonds in certain situations. As a result, it can help balance the risk.
- Liquidity: Gold is widely accepted. It can be sold through multiple channels. But the resale value will depend on purity.
GST Impact on Gold Price
GST made gold taxation more uniform across states compared with older structures that included varying state-level taxes. Under the current framework widely explained by tax platforms, gold (including jewellery, coins, and bars) is commonly taxed at 3% GST on the gold value, while making charges on jewellery attract 5% GST.
Because making charges vary by jeweller and design complexity, two similar-looking purchases can have different total bills even if the metal rate is the same. When evaluating the final payable amount, look beyond the headline 22 or 24 karat gold rates and calculate the total cost, including GST and making charges.
Difference Between 24K and 22K Gold in Maharashtra
Choosing between 22K and 24K is mainly a matter of use case: jewellery durability versus investment purity. Purity markings commonly used in India include 22K “916” and 18K "750", and the hallmarking system also uses these fineness numbers.
Parameter | 24K Gold | 22K Gold |
|---|---|---|
Purity | Very high purity, typically sold as 24K bullion/coins; market descriptions often use fineness close to 999. | About 91.6% gold (often marked 916). |
Purpose | Often preferred for investment-oriented buying (coins and bars) because purity is higher. | Preferred for jewellery because alloying improves hardness for daily wear. |
Price | Typically the highest among common retail options due to higher purity. | Usually lower than 24K on a per-gram basis due to lower purity. |
Durability | Softer and more prone to bending or scratches in jewellery form. | More durable for ornaments and frequent use. |
If a buyer is comparing the 22 karat gold price with the 24 karat gold price, the correct comparison is always “like for like” on purity, plus all add-ons such as making charges and GST.
Difference Between KDM and Hallmark Gold in Maharashtra
KDM gold refers to an older jewellery soldering practice associated with cadmium-based solder, while hallmarked gold refers to purity-certified gold under BIS-aligned hallmarking systems.
Aspect | KDM Gold | Hallmark Gold |
|---|---|---|
Purity | Purity can be uncertain at retail because it is not certified in the same way. | Purity is certified and marked under BIS hallmarking practices, typically including fineness marks and identification details. |
Certification | Not officially hallmarked under BIS systems. | Hallmark stamp helps verify fineness and traceability, commonly including HUID under modern hallmarking practices. |
Buyer Confidence | Depends heavily on the seller's credibility. | Generally offers higher confidence due to certification and standardisation. |
Gold ETFs
Gold Exchange-Traded Funds (ETFs) are investment funds that track the price of gold and are traded on stock exchanges like shares. Typically, one unit of a Gold ETF represents approximately one gram of gold and is backed by physical gold with a purity of 99.5%, making them a convenient alternative to owning physical gold.
Gold Mutual Funds (Fund of Funds)
Gold mutual funds invest primarily in units of Gold ETFs, providing indirect exposure to gold prices. They offer a suitable option for investors who prefer investing through mutual fund structures without needing a demat account to hold ETFs directly.
Top Gold Mutual Funds
Fund Name | 3Y Returns |
|---|---|
36.04% | |
35.68% | |
35.94% | |
35.50% | |
38.20% | |
35.63% | |
36.11% | |
35.99% | |
35.91% | |
35.55% |
Top Gold ETFs
Company Name | 1Y Returns |
|---|---|
25.62% | |
25.47% | |
25.37% | |
25.56% | |
25.59% |
Disclaimer : The gold prices displayed above are provided for reference purposes only and do not include GST, TCS, or other applicable taxes and levies. For the final and most accurate gold price, please get in touch with your local jeweller.
FAQs
As of 07 Oct 2026, the 24K gold rate in Maharashtra stands at ₹1,50,230 per 10 gram.
Check purity, weight, and a complete price breakup; also, remember that GST on gold and GST on making charges can increase the total bill.
Gold rates change throughout the trading hours, reflecting changes in international markets as well as domestic factors.
As of 07 Oct 2026, the 18 karat gold rate in Maharashtra is ₹11,267 per gram.
As of 07 Oct 2026, the 22 karat gold rate in Maharashtra is ₹13,771 per gram.
As of 07 Oct 2026, the 24 karat gold rate in Maharashtra is ₹15,023 per gram.
Based on the latest gold rates in Maharashtra, 1 tola (11.6638 grams) is approximately ₹1,80,276 for 24K gold, ₹1,65,252 for 22K gold and ₹1,35,206 for 18K gold. Rates may change with market movements.
1 tola of gold is approximately 11.66 grams (11.6638 grams). The tola is an old South Asian weight unit that has traditionally been used to measure gold and other precious metals.
