Silver Rate in Mumbai (1st March 2021)

Mar 1, 2021

67.51 /Gram 0.01

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 2016 and 2017. However, in 2018, 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	67.51	67.50	0.01
8 gram	540.08	540	0.08
10 gram	675.10	675	0.10
100 gram	6,751	6,750	1
1 Kg	67,510	67,500	10

Check gold rate in Mumbai

Silver Rate in Mumbai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Mar 1, 2021	675.10	6,751.00	67510.00 ( 10 )
Feb 28, 2021	675.00	6,750.00	67500.00 ( 0 )
Feb 27, 2021	675.00	6,750.00	67500.00 ( -1300 )
Feb 26, 2021	688.00	6,880.00	68800.00 ( -1400 )
Feb 25, 2021	702.00	7,020.00	70200.00 ( -310 )
Feb 24, 2021	705.10	7,051.00	70510.00 ( 10 )
Feb 23, 2021	705.00	7,050.00	70500.00 ( 1300 )
Feb 22, 2021	692.00	6,920.00	69200.00 ( 200 )
Feb 21, 2021	690.00	6,900.00	69000.00 ( 0 )
Feb 20, 2021	690.00	6,900.00	69000.00 ( 300 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

Silver Price Movement in Mumbai, February 2021

Silver Rates	1 Kg
1 ^st February rate	Rs.73,000
28^th February rate	Rs.67,500
Highest rate in February	Rs.73,000 on February 1
Lowest rate in February	Rs.67,300 on February 5
Over all performance	Falling
% Change	-7.53%

Silver Price Movement in Mumbai, January 2021

Silver Price Movement in Mumbai, December 2020

Silver Price Movement in Mumbai, November 2020

Silver Price Movement in Mumbai, October 2020

Silver Price Movement in Mumbai, September 2020

Silver Rates	1 Kg
1 ^st January rate	Rs.68,100
31^st January rate	Rs.69,800
Highest rate in January	Rs.71,400 on January 6
Lowest rate in January	Rs.63,900 on January 9
Over all performance	Rising
% Change	+2.50%

Silver Rates	1 Kg
1 ^st December rate	Rs.60,200
31^st December rate	Rs.68,400
Highest rate in December	Rs.70,700 on December 21
Lowest rate in December	Rs.60,200 on December 1
Over all performance	Rising
% Change	+13.62%

Silver Rates	1 Kg
1 ^st November rate	Rs.60,100
30^th November rate	Rs.59,100
Highest rate in November	Rs.65,410 on November 8
Lowest rate in November	Rs.59,100 on November 30
Over all performance	Falling
% Change	-1.66%

Silver Rates	1 Kg
1 ^st October rate	Rs.60,700
31^st October rate	Rs.61,000
Highest rate in October	Rs.63,800 on October 12
Lowest rate in October	Rs.60,200 on October 7
Over all performance	Rising
% Change	+0.49%

Silver Rates	1 Kg
1 ^st September rate	Rs.68,700
30^th September rate	Rs.61,000
Highest rate in September	Rs.69,500 on September 15
Lowest rate in September	Rs.57,000 on September 24
Over all performance	Falling
% Change	-11.21%

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 2018 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: There maybe definitely a 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. Silver rates are the futures rates across all cities in India and hence there maybe price variation.