Editor’s Note
This article explores the rich history of Mumbai’s Zaveri Bazaar, a 160-year-old institution that stands as India’s—and Asia’s—largest gold market. Founded in 1864, it remains a central hub in the region’s bullion trade.
Mumbai’s Zaveri Bazaar is known as the largest gold market in India. This bullion market was established by the famous bullion trader Tribhuvandas Zaveri in 1864, which is why it is known as Zaveri Bazaar. It is not only considered India’s largest gold market but also Asia’s largest gold market.
Zaveri Bazaar supplies gold jewelry to most parts of the country. This market is known for the unparalleled quality and variety of its ornaments. Notably, along with gold, diamond trading also takes place here. Zaveri Bazaar is primarily known for wholesale operations, so better prices may be available for bulk purchases. However, for retail buying, prices depend on market rates.
While Zaveri Bazaar is called India’s largest gold market, Thrissur in Kerala is known as the ‘Gold Capital of India’. This city in Kerala is an important center for gold trading and gold ornament manufacturing. The city has a large number of factories and artisans manufacturing gold jewelry. Primarily, this city is a major hub for gold trade in South India.
In addition, Jalgaon city in Maharashtra, Ratlam in Madhya Pradesh, and Delhi’s bullion market are also quite famous as major gold markets in India.
