Gold Prices in Mumbai Remain Steady, 24K Rate Edges Up to ₹14,587

Gold prices in Mumbai remained relatively stable on July 28, 2026. The 24-karat gold rate edged up by ₹1 to ₹14,587 per gram, while 22-karat and 18-karat rates increased by the same amount to ₹13,371 and ₹10,940 per gram, respectively.

This muted move follows Monday's stronger advance, which saw a ₹93 increase in 24K gold. The recent recovery has slowed for now, but 24K gold has regained most of the ground lost during the July 24 selloff and is now just ₹64 below its 10-day high.

The broader picture remains positive despite last week's correction, with the 24K rate gaining ₹258 per gram since July 19. The sharp swings seen over the past week are a reminder that gold prices can move quickly in response to various factors such as interest-rate expectations, inflation, central bank buying, and geopolitical developments.