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430+

Gold/Silver/Diamond Wholesalers

Years of Service

25+

Annual Events

30+

Active Vendors

About Mumbai Wholesale Gold Jewellers Association

The MWGJA, established in 1988 and based in Zaveri Bazar, represents over 430 wholesale gold jewellers in Mumbai and works tirelessly to promote their interests.

Our mission is to foster ethical business practices, provide industry leadership and create networking opportunities that benefit all our members. We collaborate closely with industry bodies to advance trade.

President's Message

"As we navigate the evolving landscape of the gold industry, MWGJA remains committed to supporting our members through advocacy, education, and collaboration. Together, we are building a stronger, more prosperous future for Mumbai's gold trade."

- Mahesh Bafna, President

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Managing Committee

Mahesh Bafna

President

Bhawani Gold Pvt Ltd

Shreyans Kothari

General Secretary

B D Bangles

Kamal Mehta

Treasurer

Reyansh Gold

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Latest News

September 30, 2026

Government Changes Gold Import Duty

“In a major development for India's bullion and jewellery industry, the Government of India increased the effective import duty on gold and silver from 6% to 15%, with effect from 13 May 2026. The revised structure includes a 10% Basic Customs Duty and a 5% Agriculture Infrastructure and Development Cess. The move is aimed at moderating precious-metal imports and reducing pressure on India's foreign-exchange position.”

September 30, 2026

Prime Minister's Statement on Gold

“Prime Minister Narendra Modi has appealed to citizens to reduce or avoid gold purchases for a period of one year, as part of efforts to reduce India's gold import bill and conserve foreign exchange. The appeal comes at a time when high international gold prices and India's dependence on imported gold are major issues for the bullion market.”

September 30, 2026

Gold Market Update – Mumbai

“Mumbai's gold market remains closely watched as domestic bullion prices experience significant movement. On 29 September 2026, the reported Mumbai retail rate was around ₹15,017 per gram for 24-karat gold and ₹13,765 per gram for 22-karat gold. Market prices continue to respond to international bullion prices, currency movements and domestic demand.”

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Upcoming Events

MWPL Season – 3 (Mumbai Wholesale Premier League)

December 20, 2026

Get ready, members! The excitement is back, the teams are ready, and the spirit of cricket is set to soar! Introducing MWPL Season 3 – Mumbai Wholesale Premier League, where passion meets performance and young talent gets the spotlight.

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Join Mumbai's Premier Gold Jewellers Network

Become part of a legacy of excellence and gain access to exclusive member benefits, networking opportunities, and industry resources.

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