Silver Rate in Mumbai (9th April 2020)

Apr 9, 2020

40.95 /Gram -0.33

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	40.95	41.28	-0.33
8 gram	327.60	330.24	-2.64
10 gram	409.50	412.80	-3.30
100 gram	4,095	4,128	-33
1 Kg	40,950	41,280	-330

Check gold rate in Mumbai

Silver Rate in Mumbai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Apr 8, 2020	409.50	4,095.00	40950.00 ( -330 )
Apr 7, 2020	412.80	4,128.00	41280.00 ( 920 )
Apr 6, 2020	403.60	4,036.00	40360.00 ( 0 )
Apr 5, 2020	403.60	4,036.00	40360.00 ( 10 )
Apr 4, 2020	403.50	4,035.00	40350.00 ( 80 )
Apr 3, 2020	402.70	4,027.00	40270.00 ( 110 )
Apr 2, 2020	401.60	4,016.00	40160.00 ( 220 )
Apr 1, 2020	399.40	3,994.00	39940.00 ( 460 )
Mar 31, 2020	394.80	3,948.00	39480.00 ( -20 )
Mar 30, 2020	395.00	3,950.00	39500.00 ( -10 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

Silver Price Movement in Mumbai, March 2020

Silver Rates	1 Kg
1 ^st March rate	Rs.48,500
31^st March rate	Rs.39,480
Highest rate in March	Rs.51,080 on March 6
Lowest rate in March	Rs.39,480 on March 31
Over all performance	Falling
% Change	-18.60%

Silver Price Movement in Mumbai, February 2020

Silver Price Movement in Mumbai, January 2020

Silver Price Movement in Mumbai, December 2019

Silver Price Movement in Mumbai, November 2019

Silver Price Movement in Mumbai, October 2019

Silver Rates	1 Kg
1 ^st February rate	Rs.49,990
29^th February rate	Rs.48,500
Highest rate in February	Rs.51,500 on February 24
Lowest rate in February	Rs.48,000 on February 5
Over all performance	Falling
% Change	-2.98%

Silver Rates	1 Kg
1 ^st January rate	Rs.49,350
31^st January rate	Rs.49,850
Highest rate in January	Rs.51,000 on January 6
Lowest rate in January	Rs.48,900 on January 14
Over all performance	Rising
% Change	+1.01%

Silver Rates	1 Kg
1 ^st December rate	Rs.46,650
31^st December rate	Rs.49,350
Highest rate in December	Rs.49,350 on December 28
Lowest rate in December	Rs.46,650 on December 2
Over all performance	Rising
% Change	+5.79%

Silver Rates	1 Kg
1 ^st November rate	Rs.48,500
30^th November rate	Rs.46,650
Highest rate in November	Rs.48,840 on November 14
Lowest rate in November	Rs.39,000 on November 2
Over all performance	Falling
% Change	-3.81%

Silver Rates	1 Kg
1 ^st October rate	Rs.48,100
31^st October rate	Rs.48,950
Highest rate in October	Rs.48,950 on October 31
Lowest rate in October	Rs.45,750 on October 3
Over all performance	Rising
% Change	+1.77%

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.

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