Gold rate today in Maharashtra
The 24 carat gold rate in Maharashtra is ₹ 122,008 per 10 grams and ₹ 12,201 per gram at the state benchmark. 916 (22 carat), the grade most jewellery is made from, is ₹ 111,841 per 10 grams.
In pavan terms — the unit most of southern India actually buys in — one pavan of 916 gold is ₹ 89,473 and one pavan of 24 carat is ₹ 97,607. A pavan is 8 grams.
The Maharashtra gold market
Mumbai's Zaveri Bazaar sets the national benchmark that every other Indian market prices above. Thane and Navi Mumbai are effectively the same market; Pune, Nashik, Nagpur, Aurangabad and the interior districts add a small freight premium that widens with distance from the coast.
Gudi Padwa, Akshaya Tritiya, Dhanteras and the wedding season concentrate buying, with Dhanteras producing the year's single largest retail day.
The spread across Maharashtra
Right now the gap between the cheapest and dearest market in Maharashtra is ₹ 171 per 10 grams — Mumbai at the bottom, Nagpur at the top. On a typical 50 gram purchase that is a difference of about ₹ 854, which is real money but rarely worth travelling for once fuel and time are counted.
The metal itself costs the same everywhere on earth at any given second. What varies within Maharashtra is freight from the point of import, how many dealers compete in each town, the cost of holding stock, and when local wedding and festival demand peaks — which is not simultaneous across a state.
Buying gold in Maharashtra
Because Mumbai is the import point, the gap between a Mumbai quote and a district quote is genuinely small — usually well under half a percent. It is rarely worth travelling for, but it is worth knowing when comparing an online rate against a local counter.
Beyond that, the same four questions apply anywhere: the metal rate for the exact karat, the making charge, the wastage percentage, and the tax — each as its own number. A single all-in price cannot be compared against anything.
The background, in one place
- How gold rates are decided — spot, exchange rate, import parity and premium, with live numbers at each step.
- 22K vs 24K — every lower grade is a fixed fraction of the 24 carat price, and the guide shows the arithmetic.
- What 916 means and what a pavan is — the two terms this market trades in.
- Making charges and wastage — where two quotes on the same rate actually diverge.
- Verifying a hallmark — what the stamps guarantee, and what they do not.