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Silver Rate in Mumbai (18th June 2021)

Jun 18, 2021
67.70 /Gram -2.60

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 67.70 70.30 -2.60
8 gram 541.60 562.40 -20.80
10 gram 677 703 -26
100 gram 6,770 7,030 -260
1 Kg 67,700 70,300 -2,600

Silver Rate in Mumbai for Last 10 Days

Date 10 gram 100 gram 1 Kg
Jun 18, 2021 677.00 6,770.00 67700.00 -2600
Jun 17, 2021 703.00 7,030.00 70300.00 -1000
Jun 16, 2021 713.00 7,130.00 71300.00 -200
Jun 15, 2021 715.00 7,150.00 71500.00 -400
Jun 14, 2021 719.00 7,190.00 71900.00 -400
Jun 13, 2021 723.00 7,230.00 72300.00 100
Jun 12, 2021 722.00 7,220.00 72200.00 -200
Jun 11, 2021 724.00 7,240.00 72400.00 1000
Jun 10, 2021 714.00 7,140.00 71400.00 0
Jun 9, 2021 714.00 7,140.00 71400.00 -300

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

  • Silver Price Movement in Mumbai, May 2021
  • Silver Rates 1 Kg
    1 st May rate Rs.67,500
    31st May rate Rs.72,000
    Highest rate in May Rs.74,000 on May 5
    Lowest rate in May Rs.67,500 on May 1
    Over all performance Rising
    % Change +6.67%
  • Silver Price Movement in Mumbai, April 2021
  • Silver Price Movement in Mumbai, March 2021
  • Silver Price Movement in Mumbai, February 2021
  • Silver Price Movement in Mumbai, January 2021
  • Silver Price Movement in Mumbai, December 2020

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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