Gold Rate in Maharashtra Last Updated : 04 Dec 2022

  • Today's Gold Rate in Maharashtra (04 Dec 2022)

    ₹ 5,028
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Maharashtra (Today & Yesterday)

    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,028 ₹ 5,008 ₹ 20 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,224 ₹ 40,064 ₹ 160 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,279 ₹ 5,258 ₹ 21 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,232 ₹ 42,064 ₹ 168 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    03 Dec 2022 ₹ 5,028 ₹ 40,224 ₹ 5,279 ₹ 42,232
    02 Dec 2022 ₹ 5,008 ₹ 40,064 ₹ 5,258 ₹ 42,064
    01 Dec 2022 ₹ 4,958 ₹ 39,664 ₹ 5,206 ₹ 41,648
    30 Nov 2022 ₹ 4,938 ₹ 39,504 ₹ 5,185 ₹ 41,480
    29 Nov 2022 ₹ 4,928 ₹ 39,424 ₹ 5,174 ₹ 41,392
    28 Nov 2022 ₹ 4,938 ₹ 39,504 ₹ 5,185 ₹ 41,480
    27 Nov 2022 ₹ 4,938 ₹ 39,504 ₹ 5,185 ₹ 41,480
    26 Nov 2022 ₹ 4,938 ₹ 39,504 ₹ 5,185 ₹ 41,480
    25 Nov 2022 ₹ 4,938 ₹ 39,504 ₹ 5,185 ₹ 41,480
    24 Nov 2022 ₹ 4,938 ₹ 39,504 ₹ 5,185 ₹ 41,480

    Weekly & Monthly Graph of Gold Rate in Maharashtra

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Today's Gold Price in Maharashtra

    Maharashtra is one of the most prosperous states in India. The state, which includes cosmopolitan cities such as Mumbai and Pune, boasts of one of the largest demands of gold in the country. Gold rates in Maharashtra for different variants such as bullions and bars reflect the gold rate today in India persisting worldwide. Mumbai, with its location in the western coast of India, has made it an ideal location for imports of gold, which form a significant portion of overall supply of the yellow metal in the country.

    Gold is primarily traded in the form of jewellery in Maharashtra, with the rural population accounting for a substantial portion of gold purchases. Jalgaon in Maharashtra is also known as the ‘Golden City’ owing to its quality gold jewellery, which is sold far and wide.Gold price in Maharashtra is related to gold rates in other parts of the countries, albeit with slight differences.

    Trend of Gold Rate in Maharashtra for October 2022

    Parameter Gold price (24 karat)
    October 1 Rate Rs.4,970 per gram
    October 31 Rate Rs.4,980 per gram
    Highest Rate in October Rs.5,127 per gram on 5 October
    Lowest Rate in October Rs.4,949 per gram on 21 October
    Overall Performance Incline

    September 2022 Gold Rate in Maharashtra

    Parameter Gold price (24 karat)
    September 1 Rate Rs.4,964 per gram
    September 30 Rate Rs.4,954 per gram
    Highest Rate in September Rs.4,991 per gram on 6 September
    Lowest Rate in September Rs.4,859 per gram on 27 September
    Overall Performance Decline
    Percentage Change -0.20%

    Trend of Monthly Gold Rate in Maharashtra for September 2022

    • In Maharashtra, gold prices started off at the rate of Rs.4,964 per gram of 24 karat gold in the month of September. Over the month, the precious yellow metal witnessed some fluctuations in its price and displayed an overall decline in its performance.
    • The highest price for the month was Rs.4,991 per gram on 6 September. Gold prices in Maharashtra recorded their lowest price point for the month on 27 September when a gram of 24 karat gold was being traded for Rs.4,859. Thus, the overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at –0.20%.
    • The price of gold for the month of September closed at Rs.4,954 per gram in Maharashtra.

    August 2022 Gold Rate in Maharashtra

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,038 per gram
    August 31 Rate Rs.5,043 per gram
    Highest Rate in August Rs.5,138 per gram on 14 and 15 August
    Lowest Rate in August Rs.5,017 per gram on 23, 24, and 29 August
    Overall Performance Incline
    Percentage Change 0.09%

    Trend of Monthly Gold Rate in Maharashtra for August 2022

    • In Maharashtra, gold prices started off at Rs.5,038 per gram for the month of August. Over the next few weeks, the prices witnessed several fluctuations and settled at Rs.5,043 per gram by the end of the month.
    • The highest price of the precious yellow metal was recorded on 14 and 15 August wherein a gram was 24 karat gold was priced at Rs.5,138. Gold was being sold at its lowest price point of Rs.5,017 per gram on 23, 24, and 29 August.
    • Thus, gold prices in Maharashtra witnessed an inclining trend during the month of August. The percentage change in gold prices for the month stood at 0.09%.

    Factors That Determine the Price of Gold in Maharashtra

    These are a few factors that affect the price of gold in Maharashtra.

    • Other than government policies, economic changes, and/or political movements can affect the price of gold in Maharashtra.
    • The value of the Indian Rupee as compared to gold is a major factor that affects the price of gold in Maharashtra. If the value of the U.S. dollar increases when compared to the Indian Ruppe, the price of gold in Maharashtra will increase.
    • Any change in excise duty and also the import rates will change the price of gold.

    Pointers to Look out for When Buying Gold in Maharashtra

    • Market movement

    You should be aware of the market movement before you buy gold. If the market is down, you can buy gold. After the price of gold increases, you can sell the gold and get the profit.

    • Purchase hallmark gold

    You should only buy hallmarked. There are a lot of jewelers in Maharashtra who sell gold that is authentic and pure.

    Gold Jewellery Stores in Maharashtra

    A few of the jewellery stores in Maharashtra are:

    • Tanishq Jewelers
    • Kalyan Jewelers
    • P Prem Jewelers
    • Malabar Gold and Diamonds
    • Mahalaxmi Jewelers

    Options of Gold in Maharashtra

    • Gold is a great investment, and you should understand that you have a lot of options when it comes to buying gold. Other than gold ornaments, you can buy gold ETFs, gold bars.
    • When it comes to gold ETFs, you do not need to buy gold in a physical form. If you do not have high investment capital, you can buy 22-karat or 18-karat gold and this will be cheaper than 24-karat gold.

    Why to Buy Gold in Maharashtra

    • Other than buying gold as an investment, it is considered auspicious to purchase gold. During a lot of events like weddings, festivals, people buy a lot of gold.
    • You can use gold as a hedge to secure your future if you face a financial crunch.
    • Gold is considered to be a safe haven. This means that when the markets are down, investors buy gold as it is low risk and less volatile as compared to oil or the U.S. dollar.

    FAQs on Gold price in Maharashtra

    1. Why is 24 karat gold not used for making jewellery in Maharashtra?

      The 24-karat gold is of the highest purity and is very soft. This softness allows the yellow metal to be easily drawn into wires and beaten into sheets. Because of this exceptional softness, it is difficult for a jeweller to craft intricate jewellery pieces with 24 karat gold.

    2. What to check while buying gold jewellery in Maharashtra?

      The below-mentioned are a few points one should note when buying gold jewellery: Check the purity of gold used while making the jewellery, ie. 22 karat or 24 karat, Check if the ornament is hallmarked and Check the making charges applied.

    3. How is the price of gold determined in Maharashtra?

      There are various factors which determine the price of gold such as the policies introduced by the government, rate of interest, the demand for gold, etc. There are external factors too that determines the cost of gold in India such as the rate of Indian currency with respect to US dollar, price of oil, important political events, etc.

    4. Should I make an investment in 24-karat gold in Maharashtra?

      If you are looking forward to making a long-term investment in gold, then buying 24-karat gold is a good option.

    5. What is Maharashtra gold less than 24-karat made up of?

      Gold less than 24-karat is made up of an alloy with other metals like silver, platinum or copper.

    Also Check Gold Price in Metro Cities

    Read More on Gold

    News About Maharashtra Gold Rate

    • Gold rates in Chennai, Mumbai, Delhi, and Kolkata

      In Chennai, 24 karat (10 gram) gold retailed at Rs.53,890 while 22 karat (10 gram) gold will cost you Rs.49,400. The price of 24 karat (10 gram) gold in Mumbai is Rs.52,150 and the price of 22 karat (10 gram) gold is Rs.47,800. In Kolkata, 10 gram of 24 karat gold will cost you Rs.52,150 while 10 gram of 22 karat gold is priced at Rs.47,800. In Delhi, you can buy 10 gram of 24 karat gold and 22 karat gold for Rs.52,300 and Rs.47,950 respectively.

      17 November 2022

    • Price of gold remains unchanged today

      The price for the same quantity of 22 carats of the precious metal stands at Rs.47,460 and Rs.48,150 in Delhi and Chennai, respectively. While in Kolkata and Mumbai, the price of 22-carat gold is Rs.47,360 per 10 grams.

      12 November 2022

    • No decline in the gold rates today on 25 October

      Gold shows no decline in prices today and stands at Rs.51,450 for 10 grams of 24-carat gold. The price of 22-carat gold has increased and stands at Rs.47,150 per 10 grams. In Mumbai, Kolkata, and Hyderabad, gold is selling at Rs.51,110 per 10 grams. For the same quantity, gold is trading at Rs.51,310 and Rs.51,720 in Delhi and Chennai, respectively.

      26 October 2022

    • Cost of Gold on 6 October 2022

      Over the previous few days, the price of the yellow metal has increased. The rise in the price of gold today is ongoing. On 6 September 2022, the price of gold increased by Rs.506.

      7 October 2022

    • Gold rates grow

      The price of gold rose due to a weak dollar. Gold futures rose 0.17% on MCX.

      1 October 2022

    • Rate of Gold on 27 September 2022

      According to the Multi Commodity Exchange, gold prices are higher than usual (MCX). The price of gold futures for delivery on 5 October 2022 increased by Rs.102 or 0.21% to Rs.49,190 per 10 kg. The cost of gold per 10 grams was Rs.49,150 at market close.

      28 September 2022

    • Gold prices at Rs.50,360 for 10 grams in the national capital

      In the national capital, gold prices jumped in India on 23 September 2022. The upcoming festive season ensured that the prices of the yellow metal increased. The prices of 22 carat gold are Rs.46,160 for 10 grams, while the prices of 24 carat gold are Rs.50,360 for 10 grams. Gold futures prices in the US are trading at $1,682.80 for an ounce. Spot gold prices are $1,671.60 for an ounce.

      24 September 2022

    • The price of gold grows today

      Gold prices grew in some of the major cities by around Rs.110 per 10 grams. In Maharashtra, Hyderabad, Visakhapatnam, and Kerala, the price of 24-carat gold is Rs.50,130.

      22 September 2022

    • The gold prices reduced by Rs.1,500

      The price of gold dropped by Rs.1,500 per 10 grams and was sold at Rs.1,39,000. The gold price plunged by Rs.8,000 per 10 grams for three consecutive days. Moreover, the silver prices were steady in domestic market Rs1,520 per tola and Rs1,303.15 per 10 grams yesterday.

      3 September 2022

    • Gold prices at their lowest on 30 August

      Gold prices dropped almost to their lowest level for the month. On MCX, gold futures declined by 0.23% to Rs.51,132 per 10 gram. Spot gold was down by 0.2% to $1,734.59 per ounce.

      31 August 2022

    • The price of gold falls

      The cost of gold fell as it sold at Rs.51,930 per 10 grams. Various movements in the global markets determine the price of gold on a daily basis.

      23 August 2022

    • Gold Rate declines on 15 July 2022

      24 and 22 carat gold, India's gold price declines by Rs.240 on 15 July 2022. 10 grams of 24 carat gold cost Rs.50,560 as of Friday, while 10 grams of 22 carat gold cost Rs.46,320.

      16 July 2022

    • Gold rates decrease in India

      The cost of 10 grams of gold was down by Rs.960. The gold rates in Chennai are Rs.47,550 per 10 grams of 22 karat gold. In Delhi, the price of 10 grams of 22 karat is Rs.47,400, respectively. In Mumbai, 22 karat gold is priced at Rs.47,400 per 10 grams.

      16 June 2022

    • Gold rises as oil dips

      The price of gold rose on Tuesday on the back of falling oil prices and fears about US monetary policy. According to reports, reduced output in Kuwait owing to a strike of oil workers hit oil prices.

      The price of an ounce of spot gold increased by $1 to $1,232 on Tuesday. It may be recalled here that the precious metal touched a peak in March amid expectations that Fed may not raise rates in 2016. However, according to reports, Fed may hike interest rates in the near future.

      On Tuesday, China, the biggest consumer of gold in the world, introduced a yuan-denominated gold benchmark to strengthen its position in the bullion market.

      21 April 2016

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