Silver Rate in Mumbai

Silver Rate in Mumbai

The price of silver in Mumbai today is ₹ 192 per gram and ₹ 1,92,000 per kilogram. Silver rates in Mumbai have been lackluster in the last few years. Ever since the Lehman Brothers crisis erupted, Silver rates shot up after 2008, and there was a sustained rally. However, in the last few years, it has gone nowhere. Investors have preferred investing in equities, pushing shares to new highs through 2016 and 2017. However, in 2018, gold and silver prices in Mumbai saw some recovery as investors sold shares and purchased gold and silver. 

know more about: Silver rate in Jabalpur

मुंबई में आज चांदी की कीमत ₹ 192 प्रति ग्राम और ₹ 192,000 प्रति किलोग्राम है। पिछले कुछ वर्षों में मुंबई में चांदी की कीमतें सुस्त रही हैं। लेहमैन ब्रदर्स संकट के बाद से, 2008 के बाद चांदी की कीमतों में तेजी आई और लगातार तेजी बनी रही। हालाँकि, पिछले कुछ वर्षों में, इसमें कोई खास सुधार नहीं हुआ है। निवेशकों ने शेयरों में निवेश को प्राथमिकता दी है, जिससे 2016 और 2017 में शेयर नई ऊँचाइयों पर पहुँच गए। हालाँकि, 2018 में, मुंबई में सोने और चांदी की कीमतों में कुछ सुधार देखा गया क्योंकि निवेशकों ने शेयर बेचकर सोना और चांदी खरीदा।

Today’s silver rate

Last 10 days silver rate (1kg)

Rate in Mumbai for the Last 10 Days

Silver rates in Mumbai are largely determined by rates prevailing across the globe. Worldwide, the metal is traded through the recognized exchanges. We can either have a spot price or a forward contract price for silver. In the latter, prices are determined based on a forward contract. Once the international prices of silver are determined, you would add the import costs, currency rates, etc.

Unknown Facts about Silver

Ancient Egyptians first used silver as currency, and mankind discovered silver among the earliest five metals, with objects dating back to 4000 BC. At one point in time, the value of silver was higher than gold.  Silver metal is good for health. 

 Affecting Silver Price in Mumbai 

Silver Rate In Mumbai Today (29-Nov-2025): Falling Prices After Recent Highs. Today’s silver price in Mumbai is  ₹ 1,920 per 10 grams. This marks a slight increase as compared to yesterday’s rate of ₹1,830, reflecting a recent downward trend in the local market. Over the past ten days, the highest silver price in Mumbai was ₹1,170, recorded on August 11 and 10. The current decline could be linked to global market factors influencing precious metal prices. Globally, silver prices gained 0.6% to reach $37.81 per ounce amid mixed investor sentiment.

 International Silver Market

The international silver market remains sensitive to geopolitical developments, U.S. economic data, and trade tensions. Recent signals from the US, such as improvements in inflation indicators and the US dollar index’s movements, have caused fluctuations in precious metal prices. Additionally, the US-China trade negotiations and shifts in bond yields impact the demand for silver as a safe-haven asset.

Silver Rate in Mumbai factors 

Slight Increase After Recent Drop. Today’s silver rate in Mumbai stands at ₹ 1,920 per 10 grams, marking a slight increase compared to yesterday’s price of ₹ 1,830.00. Over the past ten days, the highest silver price in Mumbai was ₹1,150.00, which occurred on 31 July 2025. Since then, prices have shown marginal fluctuations, influenced by global market trends and local demand. 

Stable Prices Amid Global Uncertainty 

Today’s silver price in Mumbai is ₹1920 per 10 grams. The price has decreased compared to yesterday, with no significant fluctuations observed. Over the past 10 days, the highest silver rate in Mumbai was recorded at ₹1,190 on 23rd July 2025. This stability reflects cautious market sentiment amid ongoing international and domestic economic factors.

Globally, precious metal prices 

Globally, precious metal prices like silver are influenced by multiple factors, including the US dollar index, trade agreements, and U.S. economic data. Recent developments, such as the US trade deal with the European Union and uncertain negotiations with other nations, have impacted investor sentiment.

conclusion

Silver prices in Mumbai continue to fluctuate, affected by both global market trends and local demand variables. While the metal has traditionally seen rallies, particularly following the 2008 financial crisis, it has recently endured periods of both stability and volatility. During times of uncertainty, investors frequently turn to silver as a safe-haven asset; therefore, its demand is directly linked to international developments, US economic data, and currency movements. Silver prices in Mumbai are ₹1,710 per 10 grams, making it an important asset for investment portfolios and industrial applications. Monitoring global cues and home market sentiment will be critical for forecasting future price patterns.

मुंबई में चांदी की कीमतों में उतार-चढ़ाव जारी है, जो ग्लोबल मार्केट ट्रेंड और लोकल डिमांड वैरिएबल, दोनों से प्रभावित है। हालांकि इस मेटल में पारंपरिक रूप से तेजी देखी गई है, खासकर 2008 के फाइनेंशियल संकट के बाद, लेकिन हाल ही में इसने स्थिरता और उतार-चढ़ाव दोनों का दौर देखा है। अनिश्चितता के समय में, इन्वेस्टर अक्सर चांदी को एक सेफ-हेवन एसेट के रूप में देखते हैं; इसलिए, इसकी डिमांड सीधे इंटरनेशनल डेवलपमेंट, US इकोनॉमिक डेटा और करेंसी मूवमेंट से जुड़ी होती है। मुंबई में चांदी की कीमतें ₹1,710 प्रति 10 ग्राम हैं, जो इसे इन्वेस्टमेंट पोर्टफोलियो और इंडस्ट्रियल एप्लीकेशन के लिए एक महत्वपूर्ण एसेट बनाती हैं। भविष्य के प्राइस पैटर्न का अनुमान लगाने के लिए ग्लोबल संकेतों और घरेलू मार्केट सेंटिमेंट पर नज़र रखना ज़रूरी होगा।

FAQs

What is today’s silver rate in Mumbai?

Today, the silver price in Mumbai is around ₹1,920 per 10 grams and ₹ 1,92,000 per kilogram.

Why do silver prices in Mumbai fluctuate?

Silver rates change due to global market movements, currency exchange rates, import duties, and local demand and supply conditions.

Is silver a good investment in Mumbai?

Yes, silver is considered a good investment for long-term wealth preservation and as a hedge against inflation, though it can be more volatile than gold.

How is the silver rate in Mumbai determined?

It is primarily based on international silver prices, adjusted for import costs, currency value (INR vs USD), and local market premiums.