Gold Rate Today in Maharashtra – 7 Nov 2026, 7 AM IST

The figures in the live table are bullion reference rates for Maharashtra, quoted per gram across 24 karat gold at 99.9 percent purity, 22 karat at 91.6 percent, 18 karat at 75 percent and 14 karat at 58.5 percent, refreshed every business day against MCX and IBJA benchmarks.

Maharashtra occupies a position no other Indian state does. The national gold rate is not merely followed here, it is set here: MCX and the India Bullion and Jewellers Association both operate from Mumbai, and Zaveri Bazaar is the deepest wholesale gold market in the country. Every other market in the state, from Laxmi Road in Pune to Itwari in Nagpur, prices off that benchmark, which is why rates across Maharashtra track each other more tightly than in any other large state.

What each karat is used for in Maharashtra

• 24 karat | 99.9 percent pure | coins, bars and the bullion trade that supplies the state's jewellers | the reference all other grades derive from
• 22 karat | 91.6 percent pure, called 916 | traditional Maharashtrian jewellery: patlya, tode, thushi, kolhapuri saaj and bridal sets
• 18 karat | 75 percent pure | diamond jewellery and contemporary daily wear, strongest in Mumbai and Pune's organised retail
• 14 karat | 58.5 percent pure | lightweight everyday designs, growing among younger salaried buyers in the metros

What these rates include and exclude

• Included | the value of the gold itself at the stated purity
• Excluded | making charges, which run from around 8 percent in the wholesale-adjacent Mumbai trade to over 20 percent in premium showrooms
• Excluded | GST at 3 percent, applied at billing
• Excluded | wastage where charged, hallmarking charges per piece, and the value of any stones

The weight table converts today's per gram rate into the denominations Maharashtra buyers transact in, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used across the state

Maharashtra quotes per gram and per 10 grams, and the tola at 10 grams remains in everyday use in the trade. The state's traditional unit aligns with the modern 10 gram standard, so there is no conversion trap of the kind that catches buyers comparing a Kolkata bhori of 11.66 grams or a southern sovereign of 8 grams.

International markets quote the troy ounce, at 31.1035 grams. Because imported metal is priced into rupees in Mumbai, the conversion from troy ounce to gram happens inside this state before it reaches anywhere else in the country.

The one kilogram bar is the standard trading unit of the wholesale bullion market, and Maharashtra is where most of those bars change hands. A retail buyer will almost never transact at that size, but the kilogram row is the unit the professional market actually uses; everything smaller is a retail convenience.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read three things from the ten day table. The net movement from the earliest session to today. The high and the low, which give the trading range. And whether daily changes are small and steady or large and alternating. A tight range usually means the market is waiting on something. A widening range normally follows a macro event, most often a US inflation reading, a central bank decision or a sharp move in the rupee.

Maharashtra's series carries more weight than most, because the state hosts the benchmark market other Indian cities track. A move visible here is a genuine national move rather than a local premium adjustment.

For a wedding purchase this matters less than it appears. The date is fixed and a few hundred rupees per gram will not change the plan. For a coin or bar purchase with no deadline, the ten day range is the cheapest timing information available.

The trend table sets today's Maharashtra rate against its opening and closing values over seven days, 30 days, three months, six months, the year to date and 12 months.

What each window tells you

The seven and 30 day windows capture sentiment: short term positioning, fund flows and reaction to news. The three and six month windows capture the macro cycle, principally the direction of real interest rates and the strength of the dollar. The 12 month and year to date windows capture the structural story, which in recent years has been sustained central bank accumulation alongside steady retail demand across Asia.

Longer windows are more reliable and less actionable. A 12 month gain confirms the asset did its job in a portfolio. It tells you nothing useful about next week's rate, and any source claiming otherwise is selling something.

Because Maharashtra hosts the benchmark market, its series is the least distorted by local supply quirks. A move visible here is a genuine national move, which is not always true of state level data elsewhere.

Most states describe a pricing chain that ends locally. Maharashtra's chain ends inside the state, and then continues outward to everywhere else in India.

Step one: the international benchmark

Gold trades continuously in US dollars per troy ounce, anchored by the London Bullion Market Association price and by COMEX futures. Nothing in the Indian market is priced independently of it.

Step two: the rupee conversion

The dollar price is converted at the prevailing USD to INR rate. A weaker rupee raises the domestic price even when the international price has not moved.

Step three: duty and levies

Basic customs duty and the Agriculture Infrastructure and Development Cess apply to landed value. Because Mumbai is one of the principal points at which gold physically enters India, duty changes register in Maharashtra first.

Step four: the domestic benchmark, set inside this state

MCX operates from Mumbai and the India Bullion and Jewellers Association is headquartered there. Between them they produce the reference figures the Indian trade prices from. Jewellers in Pune, Nagpur, Nashik and Kolhapur quote rates derived from that benchmark a few hours earlier, adjusted only by local association conventions and jeweller premiums.

Step five: why rates inside Maharashtra barely differ

Mumbai typically prints at the lowest end of the Indian range: it is a port city with direct import access, the wholesale market is the deepest in the country, and jeweller competition is extraordinary. Upcountry Maharashtra markets add only small transport and handling margins, so the spread between Mumbai and, say, Nagpur is usually a few rupees per gram — far narrower than the spread across most other states.

Seven forces account for almost all daily movement. The first four are global, the last three domestic.

Real interest rates. Gold pays no income, so it competes with interest bearing assets. When inflation adjusted yields fall, holding gold costs less in opportunity terms and the price tends to rise. This is the most reliable single driver.

The US dollar. Gold is priced in dollars, so a stronger dollar generally pushes the international price down and a weaker dollar lifts it.

Central bank demand. Reserve buying has been large and persistent in recent years and is far less price sensitive than retail demand.

Geopolitical and financial stress. Conflict, banking stress and sovereign risk push capital toward assets with no counterparty.

The rupee. A weaker rupee raises the Maharashtra rate on its own, independent of any move in international gold. With the country's financial centre inside the state, currency moves register in the bullion market here immediately.

Seasonal demand. Gudi Padwa, Akshaya Tritiya, Ganesh Chaturthi, Dhanteras and Diwali, and the winter wedding season concentrate physical buying across the state. Because Mumbai supplies much of western India, festive demand shows up as pressure on the wholesale market rather than only on retail premiums.

Policy. Import duty revisions and GST decisions produce one off steps in the retail price with no connection to the international market. As the principal import gateway, Maharashtra registers these before the rest of the country does.

Every market in Maharashtra prices off the Mumbai benchmark, so the differences between cities are small and come from local association conventions, transport and jeweller premiums rather than the rate itself.

• Gold rate in Mumbai | the benchmark market itself, usually the floor of the Indian range, centred on Zaveri Bazaar
• Gold rate in Pune | Laxmi Road plus a fast-growing organised retail market driven by the city's professional population
• Gold rate in Nashik | a traditional Saraf Bazaar market serving north Maharashtra's agricultural belt
• Gold rate in Kolhapur | home of the kolhapuri saaj, with one of the state's oldest goldsmithing traditions in Gujari
• Gold rate in Kalyan | part of the Mumbai metropolitan region, effectively identical to the Mumbai rate
• Gold rate in Sangli | a significant bullion trading centre for southern Maharashtra in its own right

Rates for Nagpur, Aurangabad, Amravati, Latur, Nanded, Akola and the rest of the state track the same benchmark. If a quote in any Maharashtra city differs from Mumbai by more than a small handling margin, that difference is the jeweller's premium, and it is negotiable.

916 is another way of writing 22 karat. It refers to 91.6 percent pure gold, with the remaining 8.4 percent made up of alloy metals that give the piece strength. On 18 karat the equivalent grade is 750, and on 14 karat it is 585.

916 carries the great majority of traditional jewellery sold across Maharashtra: the patlya and tode of a Maharashtrian bridal set, the thushi and kolhapuri saaj, mangalsutras, chains and the Gujarati and Marwari designs the metro markets also serve. The number is not marketing language. It is the purity grade stamped by a BIS recognised assaying and hallmarking centre, and it appears alongside the BIS logo and a six character HUID.

When you check the 916 gold rate in Maharashtra today, you are looking at this exact purity, not the 999 rate used for coins and bars. When you resell or exchange, the 916 grade determines the gold value you are credited. A verified hallmark negotiates from a known purity. Anything else negotiates from the buyer's own assessment, and that difference is worth protecting.

The rate on this page is the metal price. What you pay at the counter adds two things: making charges, and GST at 3 percent on the total of metal plus making.

What making charges run in Maharashtra

• Plain chains and machine-made pieces | roughly 8 to 12 percent
• Handcrafted traditional work, patlya, thushi, saaj | roughly 12 to 18 percent
• Premium showroom and designer pieces | 18 percent and above

A worked example

Take a 10 gram 22 karat chain with 12 percent making. Metal value is 10 grams at today's 916 rate. Add 12 percent of that as making charges. Add 3 percent GST on the subtotal. The final bill is roughly 15.4 percent above the pure metal value, which is why two shops quoting the same gold rate can bill you differently: the rate is fixed by the market, the making charge is set by the shop.

Making charges are negotiable almost everywhere in the state, and the spread between the wholesale-adjacent Mumbai trade and a premium suburban showroom is the widest in India. Always ask for the making charge as a percentage in writing before comparing shops.

Since hallmarking became mandatory, every piece of gold jewellery sold in the notified districts of Maharashtra must carry three marks. Check all three before you pay.

• The BIS logo | the triangular Bureau of Indian Standards mark
• The purity grade | 916 for 22 karat, 750 for 18 karat, 585 for 14 karat
• The HUID | a six character alphanumeric code unique to the piece

Verify the HUID in the BIS Care app: enter the code and the app returns the registered purity, the article type and the hallmarking centre. If the details do not match the piece in your hand, walk away. Maharashtra has among the highest concentrations of BIS recognised assaying and hallmarking centres in the country, so there is no reason to accept an unhallmarked piece in any of the state's major markets.

Insist on the HUID printed on the invoice as well. It ties the bill to the piece, which matters for insurance, resale and any future dispute.

Every other state on this site describes a gold market that receives a price. Maharashtra is the one state that produces it, a genuinely unique position in the country's gold economy.

Where the national benchmark is actually built

MCX, India's principal commodity futures exchange, and the India Bullion and Jewellers Association, the industry body whose published rate the national trade prices from, are both headquartered in Mumbai. The reference figures that jewellers in Kerala, Punjab, Assam and every other state quote each morning are produced inside this state, not merely received by it.

Zaveri Bazaar: the deepest wholesale market in India

Zaveri Bazaar in South Mumbai is widely regarded as India's largest and deepest gold market, wholesale and retail trade operating side by side in the same historic streets for generations. Its scale and competitive intensity are a significant reason Mumbai typically prints at the lowest end of the Indian retail range: deep wholesale liquidity and direct import access compress margins in a way smaller, import-dependent markets cannot match.

An import gateway as well as a pricing centre

Mumbai is also one of India's principal points of physical gold entry, meaning customs duty and cess changes register here first, before rippling out to the rest of the country. Combined with the benchmark role, this gives Maharashtra a rare double function: it is where the price is set and where much of the physical metal first arrives.

What this means for a buyer

Because every other Maharashtra market, Laxmi Road in Pune, Itwari in Nagpur, Saraf Bazaar in Nashik, Gujari in Kolhapur, prices directly off the Mumbai benchmark rather than a distant regional hub, rates inside the state track each other more tightly than almost anywhere else in India. The meaningful variable for a buyer here is not the metal rate, which barely moves within the state, but the making charge, where the spread between Zaveri Bazaar's wholesale-adjacent trade and a premium suburban showroom is the widest in the country.

Maharashtra offers everything from the deepest wholesale bazaar in India to modern certified online retail. Where you buy shapes what you pay above the metal rate.

The traditional markets

• Zaveri Bazaar, Mumbai | the largest gold market in India, wholesale and retail side by side, the tightest pricing in the country
• Laxmi Road and Ravivar Peth, Pune | western Maharashtra's principal retail street, strong in traditional Maharashtrian work
• Itwari and Sitabuldi, Nagpur | Vidarbha's main gold cluster
• Saraf Bazaar, Nashik and Gujari, Kolhapur | historic goldsmithing centres with living regional design traditions

What to check wherever you buy

• BIS hallmark with HUID on every piece
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate, making and HUID
• The buyback and exchange policy in writing before the sale, not after

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, and for lab grown diamond jewellery set in hallmarked gold it is often the most price-efficient route in the state.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common route for upgrading old jewellery. Hallmarked pieces are credited at the day's rate for their stamped purity; unhallmarked pieces are melted or assayed first, and the deduction for that is where the negotiation happens.

Sale to the jeweller who sold it. If the piece carries the original invoice and HUID, most established Maharashtra jewellers publish a buyback policy. Bring both documents; the difference they make to the credited value is substantial.

Organised gold buying companies. Present across Mumbai, Pune and Nagpur, useful when you want cash rather than an exchange. Compare the offered rate against the day's published rate before agreeing.

Avoid unlicensed street buyers, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money, and once melted there is no recourse. In a state with this density of legitimate buyers there is never a reason to take that risk.

Gold buying in Maharashtra follows the Saade Teen Muhurta, the three and a half auspicious days of the Marathi calendar, alongside the national festive peaks.

• Gudi Padwa | the Marathi new year, one of the Saade Teen Muhurta and the state's distinctive gold buying day
• Akshaya Tritiya | the biggest single gold buying day across the state, also one of the Saade Teen Muhurta
• Dasara | the third full muhurta, with strong buying across Vidarbha and Marathwada
• Dhanteras and Diwali | the national festive peak, when showrooms across the state run at capacity
• Wedding season | roughly November to February and again around May, when bridal sets dominate purchases

Two practical notes. Festive days concentrate demand, so premiums and making charge discounts both move; the headline rate does not become cheaper because the day is auspicious. And for a wedding purchase, buying the metal in instalments across the preceding months converts an impossible timing decision into a simple averaging plan.

Taxes on gold are set nationally, so nothing here is specific to Maharashtra, but three layers matter to every buyer in the state.

At purchase. GST at 3 percent applies on the value of the metal plus making charges. On imported metal, customs duty and cess are already inside the quoted rate before GST is added.

At sale. Profit on physical gold held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate. The invoice from your original purchase establishes the cost basis, which is one more reason to keep it.

Large cash purchases. PAN is mandatory above the prescribed transaction threshold, and jewellers report high value cash transactions. Paying digitally with a proper invoice is both cleaner and safer.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm the current rules with a chartered accountant before you buy or sell.

Gold is a store of value with no counterparty, which is why Indian households hold more of it than any other population on earth. That does not make it riskless. The rupee price swings, sometimes sharply, and long flat stretches have followed every major rally.

What gold does reliably is diversify. It tends to hold or gain value precisely when financial assets are under stress, which is the moment diversification is worth having. Most advisers land somewhere between 5 and 15 percent of a portfolio in gold, held for years rather than traded.

The form matters as much as the timing. Coins and bars carry minimal making cost and recover the most value on exit. Jewellery carries making charges you do not recover, so it is part ornament and part investment, and honest arithmetic treats it that way. Paper routes, gold ETFs and mutual funds, remove storage risk entirely and suit buyers whose objective is purely financial.

For most Maharashtra households the practical answer is a mix: ornament gold bought for occasions and worn, and investment gold bought as coins, bars or paper, each judged by its own rules.

Maharashtra's western sugar belt, spanning Kolhapur, Sangli, Satara, Pune, Solapur and Ahmednagar, along with fruit and vegetable processing hubs in Nagpur, Nashik and Jalgaon, gives large parts of rural Maharashtra a genuinely significant agricultural income base.

This agricultural wealth flows into gold demand across these districts, particularly around harvest season and weddings, alongside the state's more urban, salaried gold buying patterns in Mumbai and Pune.

Pune, Maharashtra's second largest city and once the seat of the Maratha Empire, has grown into one of India's largest auto manufacturing hubs and a major IT and education centre, earning it the nickname Oxford of the East.

This concentration of engineers, students and auto sector professionals gives Pune's jewellers a genuinely diverse, salaried customer base distinct from Mumbai's Zaveri Bazaar trade.

Ganesh Chaturthi, Maharashtra's grandest annual festival, transforms Mumbai, Pune and towns across the state with elaborate processions and household celebrations, and is a genuinely significant occasion for gold and jewellery purchases.

Jewellers across Maharashtra typically see a meaningful uplift in gold sales during the Ganeshotsav period, distinct from the mainstream national festive peak around Dhanteras and Diwali.

Nagpur, strategically located at the geographical centre of India and famous for its oranges, serves as the primary commercial and transportation hub for the Vidarbha region, with its own established jewellery trading community.

The Samruddhi Mahamarg expressway connecting Mumbai and Nagpur has further strengthened Nagpur's trade links to the rest of Maharashtra's gold and silver market.

Kolhapur, at the heart of Maharashtra's sugar belt spanning Kolhapur, Sangli, Satara, Pune and Solapur, is known nationally for the Kolhapuri saaj, a traditional handmade necklace with a distinctive leaf pendant design that takes skilled artisans roughly a week to craft.

This regional craft tradition, alongside the area's strong agricultural income base, gives Kolhapur and its surrounding sugar belt districts a genuinely distinct local jewellery character within Maharashtra.

Wedding season demand for gold jewellery peaks across Maharashtra alongside the broader national wedding calendar, with Marathi bridal customs traditionally pairing heavily on gold, including regionally distinctive pieces like the Kolhapuri saaj.

Jewellers typically stock their widest bridal gold range in the weeks leading into this window, alongside their Ganesh Chaturthi and Dhanteras preparations earlier in the year.

Akshaya Tritiya, considered universally auspicious for buying gold, adds a further peak to Maharashtra's calendar, with coin and small ornament sales rising in the days surrounding it.

Together with Ganesh Chaturthi, Dhanteras and wedding season, Akshaya Tritiya gives Maharashtra's gold retailers multiple annual peaks to plan stock and staffing around.

Gold in India traded around 26,000 to 29,000 rupees per 10 grams in 2015 and 2016 for 24 karat purity, crossed 50,000 rupees per 10 grams in 2020, and reached around 62,000 to 65,000 rupees per 10 grams by 2023.

Gold's rise accelerated through 2024 and 2025, crossing 1,00,000 rupees per 10 grams during 2025. Maharashtra's rates, priced off the national IBJA benchmark set in Mumbai, have tracked this national curve throughout.

Gold demand is driven overwhelmingly by investment and central bank reserves rather than industrial use. Central banks worldwide, including the Reserve Bank of India, have been consistent net buyers in recent years.

India remains one of the world's largest gold consumers and imports the large majority of its requirement through Mumbai's ports and refiners, making national import duty and policy a genuine influence on domestic prices, including across Maharashtra.

Gold is generally less volatile than silver day to day, since it lacks silver's industrial demand component. Both metals have delivered strong returns over the last decade.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments give predictable, lower returns with minimal price risk.

In Maharashtra, home to the Bombay Stock Exchange and Asia's oldest exchange, many households still hold gold as a stable, tangible complement to their equity and debt investments, particularly around weddings and festivals.

Physical gold from a Maharashtra jeweller gives you something to hold, gift or wear, but attracts 3 percent GST, requires safe storage, and jewellery carries making charges not recovered on resale.

Gold ETFs let you hold gold electronically without storage or GST, through a regular demat account, traded on the Bombay Stock Exchange and NSE. The Sovereign Gold Bond scheme was discontinued for new issuance.

Both physical gold and gold ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months.

India imports the large majority of the gold it consumes, cleared largely through Mumbai's ports and refiners before reaching jewellers across Maharashtra and the rest of the country.

Gold has almost no industrial demand nationally, and despite Maharashtra's enormous automotive, IT and manufacturing economy, none of that industrial activity consumes gold, so the state's gold trade is driven entirely by retail jewellery, investment and the festive calendar.

• 24 karat gold: 99.9 percent pure, used for coins and bars
• 22 karat or 916 gold: 91.6 percent pure, the traditional Indian jewellery standard
• Sonu or Sona: Marathi and Hindi words for gold, commonly used in local searches; chandi means silver
• Making charges: the fee a jeweller adds for crafting a piece
• HUID: the unique six digit hallmark identification number
• IBJA: the India Bullion and Jewellers Association, headquartered in Mumbai, source of the national reference rate

As gold prices have climbed, a meaningful share of buyers here has shifted toward lighter weight pieces and more diamond or stone work relative to pure gold weight, following the same national pattern seen across India.

Maharashtra's diverse income base, spanning Mumbai's finance sector, Pune's IT and auto industries, and the state's agricultural belt, means this shift shows up as design adjustment rather than buyers skipping wedding and festive purchases altogether.

Gold retail in Maharashtra is shaped by the state contributing roughly 15 percent of India's GDP, spanning Mumbai's finance and trade economy, Pune's IT and auto manufacturing, and a strong agricultural belt across Kolhapur, Nashik and Nagpur.

This combination, centred around Mumbai's Zaveri Bazaar setting the national benchmark rate, gives Maharashtra's gold market genuinely outsized national influence alongside its own strong local festive and wedding demand.

Gold and property serve fundamentally different purposes. Property in Mumbai and Pune requires a large upfront commitment and is illiquid, particularly given the region's high real estate prices. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households in Maharashtra do not choose between the two. Property tends to serve as a long term family asset, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in Maharashtra and considering a gold or lab grown diamond jewellery purchase, Lucira offers hallmarked gold and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, so you can compare designs and pricing without needing to visit multiple local shops in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately.

A proper invoice from a Maharashtra jeweller should show the net gold weight in grams, the karat purity, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones, the invoice should state the net gold weight separately from the gross weight. A hallmarked piece should also show the HUID number, verifiable through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net gold weight on stone set pieces
• Making charges quoted verbally but not itemised on the final bill

Always confirm the current BIS hallmark and HUID independently through the BIS CARE app rather than taking a seller's word for it.

Gold does not tarnish, but secure storage still matters given its value density. A bank locker in your city remains the most secure option for larger holdings.

A home safe is a reasonable middle ground for smaller quantities. Keep your original purchase invoice with your stored gold, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers across Maharashtra offer monthly instalment schemes where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end.

Before joining one, confirm in writing whether redemption is locked at deposit day rates or redemption day rates, and check whether the bonus is forfeited if you exit early.

Under rules applicable for financial year 2025 to 2026, profit on physical gold or gold ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges, which is why keeping your original invoice matters. Confirm current rules with a chartered accountant before a large sale.

There is no legal ceiling on gold ownership in India. CBDT safe harbour limits allow a married woman up to 500 grams, an unmarried woman up to 250 grams, and a man up to 100 grams without seizure during a tax search, even without documentation.

Cash payments for a single gold purchase above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

For cash purchases above the prescribed threshold, you must furnish your PAN card. Always insist on a GST compliant invoice listing weight, purity, rate and making charge.

Payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Gold jewellery typically attracts a melting or deduction charge at resale, so ask any Maharashtra jeweller for their exact deduction policy in advance.

This deduction lowers the effective return on jewellery compared with reselling 24 karat coins or bars, which typically carry little to no deduction.

Several apps offer digital gold purchases that track the live rate without requiring physical storage, available in Maharashtra the same as anywhere else in India.

Digital gold typically carries a small spread between buy and sell prices, and is best suited to buyers who want gold price exposure without visiting a jeweller.

• Jewellery from a Maharashtra jeweller: wearable and giftable, but making charges reduce resale value
• 24 karat coins and bars: lowest making cost, best for pure savings
• Gold ETFs: no storage or GST, held in a demat account

Most households here use a mix, wedding and festive jewellery for cultural occasions, and coins, bars or ETFs for pure savings.