Editor’s Note
This article explores Zaveri Bazaar in Mumbai, a historic hub established in 1864 that has grown into Asia’s largest gold market. Beyond gold, it is also a major center for diamond and silver trading, supplying jewelry nationwide with renowned quality and design.
The Zaveri Bazaar, located in Mumbai, India’s economic capital, is considered not only India’s but Asia’s largest gold market. This market is about 160 years old and was established in 1864 by the famous bullion trader Tribhuvandas Zaveri. Today, this market is famous not only for gold jewelry but also for diamond and silver trading.
Gold jewelry is supplied across the entire country from Zaveri Bazaar. The quality, design, and variety of ornaments here are considered unparalleled. However, a common question among the public is whether gold is cheaper here? In fact, Zaveri Bazaar is primarily famous for **wholesale business**. Prices may be better for bulk purchases, but for retail customers, prices depend on market rates.
While Zaveri Bazaar is India’s largest bullion market, the city of Thrissur in Kerala is called the ‘Gold Capital of India’. This city is a major hub for gold jewelry manufacturing and trading. A large number of gold jewelry factories and artisans are present here. Gold trading in South India is primarily operated from Thrissur.
Other major gold markets in India include Jalgaon in Maharashtra, Ratlam in Madhya Pradesh, and the Sarafa Bazaar in Delhi. These markets are known for their special designs and traditional craftsmanship.
