Silver Rate in Mumbai (22nd August 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	₹ 42.70	₹ 42.30	₹ 0.40
8 gram	₹ 341.60	₹ 338.40	₹ 3.20
10 gram	₹ 427	₹ 423	₹ 4
100 gram	₹ 4,270	₹ 4,230	₹ 40
1 Kg	₹ 42,700	₹ 42,300	₹ 400

Check gold rate in Mumbai

Silver Rate in Mumbai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Aug 22, 2017	₹ 427.00	₹ 4,270.00	₹ 42700.00
Aug 21, 2017	₹ 423.00	₹ 4,230.00	₹ 42300.00
Aug 19, 2017	₹ 426.00	₹ 4,260.00	₹ 42600.00
Aug 18, 2017	₹ 422.00	₹ 4,220.00	₹ 42200.00
Aug 17, 2017	₹ 422.00	₹ 4,220.00	₹ 42200.00
Aug 16, 2017	₹ 422.30	₹ 4,223.00	₹ 42230.00
Aug 14, 2017	₹ 421.50	₹ 4,215.00	₹ 42150.00
Aug 12, 2017	₹ 423.80	₹ 4,238.00	₹ 42380.00
Aug 11, 2017	₹ 410.00	₹ 4,100.00	₹ 41000.00
Aug 10, 2017	₹ 410.95	₹ 4,109.50	₹ 41095.00

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

Silver Price Movement in Mumbai, July 2017

Silver Rates	1 Kg
1 ^st July rate	Rs.40,100
31^st July rate	Rs.41,150
Highest rate in July	Rs.41,200 on July 28
Lowest rate in July	Rs.38,700 on July 11
Over all performance	Rising
% Change	+2.62%

Silver Price Movement in Mumbai, June 2017

Silver Price Movement in Mumbai, May 2017

Silver Price Movement in Mumbai, April 2017

Silver Price Movement in Mumbai, March 2017

Silver Price Movement in Mumbai, February 2017

Silver Rates	1 Kg
1 ^st June rate	Rs.40,800
30^th June rate	Rs.40,100
Highest rate in June	Rs.43,000 on June 6
Lowest rate in June	Rs.40,100 on June 22
Over all performance	Falling
% Change	-1.72%

Silver Rates	1 Kg
1 ^st May rate	Rs.40,208
31^st May rate	Rs.40,560
Highest rate in May	Rs.41,550 on May 29
Lowest rate in May	Rs.37,721 on May 17
Over all performance	Rising
% Change	+0.88%

Silver Rates	1 Kg
1 ^st April rate	Rs.45,326
30^th April rate	Rs.42,778
Highest rate in April	Rs.45,553 on April 2
Lowest rate in April	Rs.31,475 on April 23
Over all performance	Falling
% Change	-5.62%

Silver Rates	1 Kg
1 ^st March rate	Rs.43,298
31^st March rate	Rs.41,335
Highest rate in March	Rs.44,203 on March 10
Lowest rate in March	Rs.40,596 on March 18
Over all performance	Falling
% Change	-4.53%

Silver Rates	1 Kg
1 ^st February rate	Rs.44,728
28^th February rate	Rs.43,298
Highest rate in February	Rs.45,490 on February 13
Lowest rate in February	Rs.0 on February 2
Over all performance	Falling
% Change	-3.20%

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.