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Mumbai

Mumbai is India's largest city and serves as the financial and commercial capital of the country. Located on the west coast of India in the state of Maharashtra, it is the capital of that state and sits on a peninsula bounded by the Arabian Sea. The city has a population of more than 20-million people in its metropolitan area, making it one of the most populous urban centres in the world. Mumbai is the headquarters of the Reserve Bank of India, the Bombay Stock Exchange, and the National Stock Exchange of India, cementing its position as the nation's financial hub. The city is also home to major industries including finance, banking, insurance, precious metals trading, diamond processing, textiles, pharmaceuticals, and information technology. Its port, one of the busiest in India, handles significant cargo volumes and serves as a gateway for international trade. Mumbai is a major centre for gold and precious metals trading, with a large network of bullion dealers, refiners, and jewellery manufacturers. The city's Zaveri Bazaar district is one of the largest gold markets in the country. Formerly known as Bombay until 1995, Mumbai has evolved from a colonial trading post into a sprawling megacity and remains the economic engine of India.

Mumbai News


Silver bars
India restricts most silver imports to cut import bill, support rupee
18th May 2026 By: Reuters

India has curbed imports of silver in nearly all forms with immediate effect, according to a government order issued on May 16, as the world's biggest consumer of the metal seeks to rein in... 


Gold bars
India discounts soar to record high on import duty hike; China premiums firm
15th May 2026 By: Reuters

Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India... 


Gold bars
Gold discounts in India breach $200/oz record amid profit-taking
14th May 2026 By: Reuters

Gold discounts in India widened to a record of more than $200/oz on Wednesday, as a surge in prices after the import duty hike triggered investor selling in an already weak demand environment,... 


Bars of gold and silver
India raises gold and silver tariffs to 15% to curb imports, support rupee
13th May 2026 By: Reuters

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the... 


A stack of gold bars
Indian banks resume bullion imports after month-long halt over 3% levy, sources say
12th May 2026 By: Reuters

Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and... 


India gold discounts hit near-decade high; Mideast tensions lift China demand
13th March 2026 By: Reuters

Gold discounts in India widened this week to their deepest point in nearly a decade as demand stayed subdued and some traders steered clear of paying import duties, while escalating Middle East... 


India gold premiums surge to decadal high on import tax hike anxiety
23rd January 2026 By: Reuters

Gold premiums in India jumped this week to their highest in more than a decade, as investors rushed to buy the metal on expectations of an import duty hike in the upcoming budget, while China... 


British Columbia seeks closer ties on trade and resources with India
13th January 2026 By: Reuters

British Columbia is seeking to deepen its commercial ties with India in sectors including liquefied natural gas, critical minerals, lumber and technology, the Canadian province's Premier David Eby... 


De Beers flagship Forevermark store in Mumbai
De Beers opens largest Forevermark store yet in India
9th January 2026 By: Marleny Arnoldi

Diamond miner De Beers Group has opened a flagship store of its Forevermark Diamond Jewellery brand in Mumbai, India. The 5 000-square foot store is located at Crest Link, Khar West, in the heart... 


De Beers CEO Al Cook
African States, business groups eyeing stake in De Beers, CEO says
8th January 2026 By: Reuters

De Beers has attracted interest from several business groups and African governments as parent Anglo American looks to offload its stake in the firm, the diamond giant's CEO told Reuters. Botswana,... 


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pqt: 0.065s - ct: 0.113s - 197pq - 2rq
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