As of late January 2026, 24-karat gold in Mumbai's Zaveri Bazar is approximately ₹158,125 per 10g, with 22-karat around ₹143,600-₹144,050 per 10g. Prices fluctuate based on IBJA Rates and market demand. Prices are generally lower than retail for pure gold and higher for jewelry due to making charges.
The gold price per gram fluctuates constantly, but as of mid-January 2026, pure (24k) gold is around $145 USD or £110-£111 GBP per gram, with lower purities like 22k (jewellery gold) priced lower per gram (e.g., ~£93 GBP) due to alloyed metals, while specific retail bar prices might differ slightly from the spot price. Prices vary by location and purity, so check live rates for exact figures.
October to December - Festive Season and Holiday Demand
In India, Diwali and Dhanteras are especially popular times for purchasing gold coins, with retailers offering exclusive festive deals and unique designs.
Storing Gold in a Private Vault (Specialist Vault Storage)
Specialist vault storage is widely considered the safest and most convenient solution for most investors. These facilities - often used by institutions, jewellers, and bullion dealers - are designed specifically for precious metals.
Mumbai's Famous Zaveri Bazaar's Gold Rush Fades |Consumers Prefer Recycling Old Gold Over Buying New
Is gold cheaper in London than India?
India imposes high import duties and GST (Goods & Services Tax) on gold, which inflates its retail price. In contrast, investment-grade gold (e.g., bars and coins) in the UK is VAT-exempt, making it relatively cheaper in certain contexts.
Yes, you must declare gold to HM Revenue and Customs (HMRC) if you're carrying over £10,000 in value into the UK; otherwise, your obligation depends on whether you're selling it (report profits above the Capital Gains Tax allowance) or if you're a trader, but you must also keep records for any gold you import or sell, especially for tax or VAT purposes.
From a fundamental side, a major global investment bank – Goldman Sachs - has just raised its end‑2026 gold price forecast from $4,900 to $5,400 per ounce, explicitly citing private‑sector and emerging‑market central bank diversification into gold as the main driver.
The key difference between 22K and 24K gold lies in their purity. 24K gold is 99.9% pure, making it the purest form of gold, while 22K gold contains 91.6% pure gold, with the remaining 8.4% made up of alloy metals like copper or silver for added strength.
Historically, gold rates tend to be lower during the summer months, particularly June and July, due to reduced demand from jewelers and fewer major festivals, creating a mid-year dip before autumn's festive buying season picks up again, though this pattern isn't guaranteed and can be influenced by economic events.
Tuesday. Buying gold on Tuesday is generally avoided. This day of the week is ruled by Mars, a planet associated with aggression and conflict, making it not the ideal day for wealth-related decisions.
One of the reasons for a cheaper gold rate in Dubai is zero GST (goods and services tax) on bullion and gold jewellery, while India imposes 3% GST on gold. Apart from this, Dubai jewellery stores charge a reasonable manufacturing cost, which makes 24K gold in Dubai approximately 5% to 7% cheaper than in India.
One of the easiest ways to determine if a piece of gold is real is to look for hallmarks. Most authentic gold items will have a stamp that indicates their karat value, which tells you the purity of the gold. Common Hallmarks: Look for stamps like 10K, 14K, 18K, or 24K. The higher the number, the purer the gold.
However, most advisors don't see gold as a core investment so much as a useful hedge in turbulent times. That's because it doesn't produce income or profits, and its value depends entirely on investor demand. The risk is that if prices stop climbing, investors are "stuck with a zero-earning asset," says Haworth.
