Silver Rate Today in Mumbai
Silver is significant in Indian households for rituals, gifting, investments, and industrial uses. In Mumbai, the silver rate is approximately ₹249–₹250 per gram, with 1 kg priced around ₹2,49,900, reflecting a slight dip due to a stronger US Dollar and global market conditions. Pricing in Mumbai is influenced by international bullion markets and the USD-INR exchange rate. The text provides information on live rates, historical data, city comparisons, and investment insights for buyers and investors.
भारतीय घरों में चांदी का इस्तेमाल रस्मों, तोहफ़े देने, इन्वेस्टमेंट और इंडस्ट्रियल इस्तेमाल के लिए बहुत ज़रूरी है। मुंबई में, चांदी का रेट लगभग ₹249–₹250 प्रति ग्राम है, और 1 kg की कीमत लगभग ₹2,49,900 है, जो मज़बूत US डॉलर और ग्लोबल मार्केट की हालत की वजह से थोड़ी गिरावट दिखाता है। मुंबई में कीमतें इंटरनेशनल बुलियन मार्केट और USD-INR एक्सचेंज रेट से तय होती हैं। यह टेक्स्ट खरीदारों और इन्वेस्टर्स के लिए लाइव रेट, पुराना डेटा, शहरों की तुलना और इन्वेस्टमेंट की जानकारी देता है।
Quick Silver Rate Table Today
Compare the rate with: Silver Rate in Delhi Per Gram, 10 Gram & 1 Kg
| Weight | Silver Rate Today (₹) |
| 1 Gram | ₹249–₹250 |
| 10 Gram | ₹2,490–₹2,500 |
| 100 Gram | ₹24,900–₹25,000 |
| 1 Kg | ₹2,49,900–₹2,50,000 |
Today vs Yesterday
| Metric | Value |
| Yesterday’s Rate (1 Kg) | ₹2,50,000 |
| Today’s Change | ₹100 (–0.04%) |
| Market Trend | Slightly Bearish / Consolidating |
| GST (3%) on 1 Kg | +₹7,497 |
| Effective Rate (with GST) | ~₹2,57,397 per kg |
Live Silver Price Chart: Mumbai
- Current Market Overview: Silver prices in Mumbai track international spot prices and MCX futures, showing near-real-time movement.
- Intraday Movement (23 June 2026): Prices opened slightly weaker after a global market correction, with international silver futures trading between $62–$66 per troy ounce due to profit-booking.
- 7-Day Trend: Mumbai silver prices have remained relatively flat to slightly lower, ranging from ₹2,49,000 to ₹2,51,000 per kg, indicating consolidation.
- 30-Day Trend: Over the last month, prices fluctuated between ₹2,33,000 and ₹2,52,000 per kg, with a surge in late May followed by a cooling off in mid-June.
Key Technical Levels:
| Level | Price (₹/Kg) |
| Strong Support | ₹2,35,000 |
| Immediate Support | ₹2,45,000 |
| Current Price | ₹2,49,900 |
| Immediate Resistance | ₹2,55,000 |
| Strong Resistance | ₹2,65,000 |
Today’s Silver Market Summary: Key Highlights
- Global Silver Price: Trading around $62–$66 per troy ounce, after a recent correction from earlier highs.
- Dollar Index Impact: A stronger US Dollar is exerting mild pressure on global silver prices, though a depreciating rupee helps Indian buyers.
- MCX Silver Movement: Silver futures settled at ₹2,33,185 per kg, with a 1.85% decline attributed to dollar strength and tighter liquidity expectations.
- USD-INR Exchange Rate: The rupee is at ₹94.66–₹94.68 per US Dollar, keeping domestic silver prices high despite international dips.
- International Bullion Market: LBMA spot rates are consistent with COMEX, showing a corrective trend but supported by industrial demand.
- Investor Sentiment: Mixed; long-term buyers view silver as an inflation hedge while short-term traders are cautious.
- Industrial Demand: Robust globally due to silver’s applications in solar panels, EVs, and electronics.
- Crude Oil & Inflation: Crude oil at $77.22 per barrel indicates an inflationary environment, which supports silver in the medium term
Silver Rate History in Mumbai
Silver Price: Last 7 Days
| Date | Price (₹/Kg) |
| 23 June 2026 | ₹2,49,900 |
| 22 June 2026 | ₹2,50,000 |
| 21 June 2026 | ₹2,49,900 |
| 20 June 2026 | ₹2,49,900 |
| 19 June 2026 | ₹2,50,000 |
| 18 June 2026 | ₹2,49,800 |
| 17 June 2026 | ₹2,50,100 |
Silver Price: Last 30 Days
| Period | Price Range (₹/Kg) | Trend |
| June 2026 (so far) | ₹2,45,000 – ₹2,52,000 | Consolidating |
| Late May 2026 | ₹2,38,000 – ₹2,50,000 | Upward surge |
| Mid May 2026 | ₹2,30,000 – ₹2,40,000 | Rising |
| Early May 2026 | ₹2,25,000 – ₹2,33,000 | Steady rise |
Silver Price: Last 6 Months
| Month | Approx. Average (₹/Kg) |
| January 2026 | ₹2,10,000 |
| February 2026 | ₹2,18,000 |
| March 2026 | ₹2,22,000 |
| April 2026 | ₹2,28,000 |
| May 2026 | ₹2,38,000 |
| June 2026 | ₹2,49,500 |
Silver Price: Last 1 Year Insights
| Metric | Price |
| 52-Week Low | ₹1,85,000/Kg |
| 52-Week High | ₹2,55,000/Kg |
| 1-Year Average | ₹2,20,000/Kg |
| Current Price | ₹2,49,900/Kg |
| 1-Year Return | +35% |
Why Silver Prices Change in Mumbai: Factors Affecting Silver Rates
- International Silver Prices (XAG/USD): Prices are set on global exchanges like COMEX and LBMA; movements affect local prices in Mumbai directly.
- USD-INR Exchange Rate: The strength of the rupee against the dollar impacts the cost of imported silver in rupees.
- MCX Silver Futures: MCX prices provide real-time references for traders in Mumbai, influencing retail quotes.
- Demand and Supply: Seasonal jewelry demand and industrial usage create fluctuating demand; supply disruptions can lead to price spikes.
- Inflation: Higher inflation drives investors to physical assets like silver, increasing demand and prices.
- Industrial Demand: Growing use in solar panels and electric vehicles creates a consistent demand floor for silver.
- Government Taxes: GST and customs duties on silver directly affect consumer prices.
- Geopolitical Tensions: Crises prompt safe-haven buying of silver, often leading to sharper price increases.
Silver Rate in Mumbai vs Other Cities: City-Wise Comparison
Silver prices vary slightly across Indian cities due to local taxes, transportation costs, and dealer margins. Here is today’s
Compare With: Silver Rate in Hyderabad Today
City-Wise Silver Rate Table
| City | Silver 999 (per 10g) | Silver 999 (per Kg) |
| Mumbai | ₹2,499 | ₹2,49,900 |
| Delhi | ₹2,499 | ₹2,49,900 |
| Kolkata | ₹2,499 | ₹2,49,900 |
| Chennai | ₹2,549 | ₹2,54,900 |
| Hyderabad | ₹2,499 | ₹2,49,900 |
| Bengaluru | ₹2,499 | ₹2,49,900 |
| Pune | ₹2,499 | ₹2,49,900 |
| Jaipur | ₹2,500 | ₹2,50,000 |
| Ahmedabad | ₹2,499 | ₹2,49,900 |
| Surat | ₹2,499 | ₹2,49,900 |
Silver Rate in Zaveri Bazaar Today: Mumbai Bullion Market Update
Zaveri Bazaar, near Crawford Market in Mumbai, is India’s leading wholesale jewellery market, operating for over a century. Each morning, silver rates are set based on international prices and the USD-INR rate, impacting retail prices across Mumbai and Maharashtra.
Wholesale vs Retail Silver Rate
| Category | Approx. Rate |
| Zaveri Bazaar Wholesale (999 purity, 1 Kg+) | ₹2,49,000–₹2,49,500/Kg |
| Retail (999 purity, small quantities) | ₹2,49,900–₹2,51,000/Kg |
| Retail with GST (3%) | ₹2,57,400–₹2,58,500/Kg |
| Jewellery (925 purity, with making charges) | ₹2,55,000–₹2,80,000/Kg (varies) |
Silver Coin Price in Mumbai Today
Silver coins are among the most popular ways to buy and gift silver in Mumbai — easy to store, easy to sell, and available in certified 999 purity.
999 Silver Coin Rates: Mumbai Today
| Coin Weight | Base Silver Value | Coin Price (Incl. Premium) | With GST (3%) |
| 5 Gram | ₹1,245 | ₹1,350–₹1,450 | ₹1,390–₹1,494 |
| 10 Gram | ₹2,499 | ₹2,650–₹2,800 | ₹2,730–₹2,884 |
| 20 Gram | ₹4,998 | ₹5,300–₹5,600 | ₹5,459–₹5,768 |
| 50 Gram | ₹12,495 | ₹13,200–₹13,800 | ₹13,596–₹14,214 |
| 100 Gram | ₹24,990 | ₹26,000–₹27,000 | ₹26,780–₹27,810 |
Silver Bar Price Today in Mumbai
Silver bars are the preferred investment vehicle for serious buyers — lower premiums, easier storage, and better buyback rates compared to coins.
Silver Bar Rates: Mumbai Today
| Bar Weight | Base Silver Value | Bar Price (Incl. Premium) | With GST (3%) |
| 100 Gram | ₹24,990 | ₹25,800–₹26,200 | ₹26,574–₹26,986 |
| 500 Gram | ₹1,24,950 | ₹1,28,000–₹1,30,000 | ₹1,31,840–₹1,33,900 |
| 1 Kg | ₹2,49,900 | ₹2,53,500–₹2,57,000 | ₹2,61,105–₹2,64,710 |
| 5 Kg | ₹12,49,500 | ₹12,65,000–₹12,80,000 | ₹13,02,950–₹13,18,400 |
Silver Buyback Rate Today: Mumbai
Selling silver back is as important to understand as buying it. Here’s a realistic guide to what you’ll actually receive.
Buyback Rates by Purity
| Silver Type | Purity | Approx. Buyback Rate (₹/Kg) | Deduction vs Market |
| 999 Fine Silver Bars | 99.9% | ₹2,42,000–₹2,46,000 | 1.5%–3.2% |
| 999 Silver Coins | 99.9% | ₹2,38,000–₹2,43,000 | 2.8%–4.8% |
| 925 Sterling Silver | 92.5% | ₹2,28,000–₹2,32,000 | 8%–9% |
| Silver Jewellery (925) | 92.5% | ₹2,10,000–₹2,22,000 | 11%–16% |
| Scrap Silver / Mixed | Variable | ₹1,80,000–₹2,10,000 | 16%–28% |
Silver Price Prediction Tomorrow — Expert Outlook
Silver is in a consolidation phase after a strong rally in early 2026.
Key levels to watch on MCX:
- Neutral-to-bullish bias if above ₹2,45,000/Kg.
- A break below ₹2,40,000 could lead to selling pressure toward ₹2,33,000.
- A sustained move above ₹2,55,000 could target ₹2,65,000–₹2,70,000.
Global cues to consider:
- Hawkish US Fed commentary may exert selling pressure on silver; dovish signals would support it.
- Significant moves in the Dollar Index (DXY) will impact silver prices.
- Ongoing geopolitical tensions could trigger safe-haven buying.
| Scenario | Expected Range (MCX, ₹/Kg) |
| Bullish (dollar weakens) | ₹2,52,000 – ₹2,58,000 |
| Neutral (status quo) | ₹2,47,000 – ₹2,52,000 |
| Bearish (dollar rallies) | ₹2,40,000 – ₹2,47,000 |
Smart Buying Tips
- Always check for the BIS hallmark (999 for pure silver, 925 for sterling)
- Get an itemised bill clearly showing weight, purity, making charges, and GST separately
- Compare rates from at least 2–3 sources on the day of purchase
- Weigh the silver yourself — excluding stones, packaging, and non-silver add-ons
- Ask about the buyback policy upfront before committing to a dealer
- For large purchases, request a purity test certificate from a recognised testing centre
- Avoid buying during sudden, sharp price spikes; wait for consolidation
Conclusion
Silver in Mumbai is living through an interesting phase in 2026, with elevated prices, strong industrial demand, and global uncertainty all converging to make it both a relevant investment and a daily-use commodity. Whether you’re planning to buy jewellery, invest in coins and bars, or simply track prices for future planning, staying informed is the key. Always buy from trusted, hallmarked sources. Compare rates. Get proper GST invoices. And remember: silver rewards patience more than timing.
मुंबई में चांदी 2026 में एक दिलचस्प दौर से गुज़रेगी, जिसमें ऊंची कीमतें, मज़बूत इंडस्ट्रियल डिमांड और दुनिया भर में अनिश्चितता, ये सब मिलकर इसे एक ज़रूरी इन्वेस्टमेंट और रोज़ाना इस्तेमाल होने वाली चीज़ बना रहे हैं। चाहे आप ज्वेलरी खरीदने का प्लान बना रहे हों, सिक्कों और बार में इन्वेस्ट कर रहे हों, या बस भविष्य की प्लानिंग के लिए कीमतों पर नज़र रख रहे हों, जानकारी रखना सबसे ज़रूरी है। हमेशा भरोसेमंद, हॉलमार्क वाली जगहों से खरीदें। रेट्स की तुलना करें। सही GST इनवॉइस लें। और याद रखें: चांदी टाइमिंग से ज़्यादा सब्र का फल देती है।
FAQ’s
What is the silver rate today in Mumbai?
As of 2026, the silver rate in Mumbai is approximately ₹249–₹250 per gram and ₹2,49,900 per kilogram.
What is the price of 1 kg silver in Mumbai today?
The 1 kg silver price in Mumbai today is ₹2,49,900 (base rate, without GST). After adding 3% GST (₹7,497), the effective cost is approximately ₹2,57,397 per kg.
Why does the silver price change daily?
Silver is a globally traded commodity priced in US Dollars on exchanges like COMEX (New York) and LBMA (London). Its price changes continuously due to shifts in investor demand, currency movements (especially USD/INR), industrial demand news, US Federal Reserve policy signals, geopolitical developments, and changes in global supply.
Is silver cheaper in Mumbai than other cities?
Mumbai and most major cities (Delhi, Hyderabad, Bengaluru, Kolkata, Pune) typically have very similar silver rates the difference is usually less than ₹500–₹1,000 per kg. Chennai occasionally carries a small premium of ₹3,000–₹6,000/Kg due to higher regional demand.
How much GST is charged on silver?
A flat 3% GST is charged on all silver purchases in India whether coins, bars, or jewellery. This applies on the total invoice value (base price + making charges for jewellery).