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Silver Rate in Mumbai (15th December 2017)

Silver rates in Mumbai has been lacklustre 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 preffered investing in equities, pushing shares to new highs through 2014 and 2015. However, in 2016, gold and silver prices in Mumbai saw some recovery as investors sold shares and purchased gold and silver.

Today Silver Price Per Gram/Kg in Mumbai (INR)

Gram Silver Rate
Today
Silver Rate
Yesterday
Daily Price Change
1 gram ₹ 40.20 ₹ 40.20 ₹ 0
8 gram ₹ 321.60 ₹ 321.60 ₹ 0
10 gram ₹ 402 ₹ 402 ₹ 0
100 gram ₹ 4,020 ₹ 4,020 ₹ 0
1 Kg ₹ 40,200 ₹ 40,200 ₹ 0

Silver Rate in Mumbai for Last 10 Days

Date 10 gram 100 gram 1 Kg
Dec 14, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 13, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 12, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 11, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 9, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 8, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 7, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 6, 2017 ₹ 402.00 ₹ 4,020.00 ₹ 40200.00
Dec 5, 2017 ₹ 406.00 ₹ 4,060.00 ₹ 40600.00
Dec 4, 2017 ₹ 407.00 ₹ 4,070.00 ₹ 40700.00

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

  • Silver Price Movement in Mumbai, November 2017
  • Silver Rates 1 Kg
    1 st November rate Rs.41,900
    30th November rate Rs.41,800
    Highest rate in November Rs.42,900 on November 7
    Lowest rate in November Rs.41,800 on November 2
    Over all performance Falling
    % Change -0.24%
  • Silver Price Movement in Mumbai, October 2017
  • Silver Price Movement in Mumbai, September 2017
  • Silver Price Movement in Mumbai, August 2017
  • Silver Price Movement in Mumbai, July 2017
  • Silver Price Movement in Mumbai, June 2017

How is Silver Traded Across the Globe?

Silver rates in Mumbai are largely determined by rates prevailing across the globe. Wordwide the metal is traded through the recognised exchanges. We can either have spot price or 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., and determine the silver rates in Mumbai.

How rates will move in 2016 is difficult to predict. Most of the time, we expect prices to remain steady. However, if there is a risk averse environment, we might see silver prices in Mumbai rallying. It is best to stay invested marginally in the metal.

 

Disclaimer: The silver rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious silver. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on silver information provided.

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