Silver Rate in Mumbai (30th September 2020)

Sep 30, 2020

62.50 /Gram 1.80

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	62.50	60.70	1.80
8 gram	500	485.60	14.40
10 gram	625	607	18
100 gram	6,250	6,070	180
1 Kg	62,500	60,700	1,800

Check gold rate in Mumbai

Silver Rate in Mumbai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Sep 30, 2020	625.00	6,250.00	62500.00 ( 1800 )
Sep 29, 2020	607.00	6,070.00	60700.00 ( 2700 )
Sep 28, 2020	580.00	5,800.00	58000.00 ( -1000 )
Sep 27, 2020	590.00	5,900.00	59000.00 ( 0 )
Sep 26, 2020	590.00	5,900.00	59000.00 ( -300 )
Sep 25, 2020	593.00	5,930.00	59300.00 ( 2300 )
Sep 24, 2020	570.00	5,700.00	57000.00 ( -2000 )
Sep 23, 2020	590.00	5,900.00	59000.00 ( -1600 )
Sep 22, 2020	606.00	6,060.00	60600.00 ( -6400 )
Sep 21, 2020	670.00	6,700.00	67000.00 ( -900 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

Silver Price Movement in Mumbai, August 2020

Silver Rates	1 Kg
1 ^st August rate	Rs.65,110
31^st August rate	Rs.66,600
Highest rate in August	Rs.76,510 on August 7
Lowest rate in August	Rs.65,000 on August 12
Over all performance	Rising
% Change	+2.29%

Silver Price Movement in Mumbai, July 2020

Silver Price Movement in Mumbai, June 2020

Silver Price Movement in Mumbai, May 2020

Silver Price Movement in Mumbai, April 2020

Silver Price Movement in Mumbai, March 2020

Silver Rates	1 Kg
1 ^st July rate	Rs.50,050
31^st July rate	Rs.65,000
Highest rate in July	Rs.66,050 on July 29
Lowest rate in July	Rs.48,500 on July 4
Over all performance	Rising
% Change	+29.87%

Silver Rates	1 Kg
1 ^st June rate	Rs.50,150
30^th June rate	Rs.48,550
Highest rate in June	Rs.50,160 on June 2
Lowest rate in June	Rs.47,100 on June 15
Over all performance	Falling
% Change	-3.19%

Silver Rates	1 Kg
1 ^st May rate	Rs.41,000
31^st May rate	Rs.50,110
Highest rate in May	Rs.50,110 on May 31
Lowest rate in May	Rs.41,000 on May 1
Over all performance	Rising
% Change	+22.22%

Silver Rates	1 Kg
1 ^st April rate	Rs.39,940
30^th April rate	Rs.42,520
Highest rate in April	Rs.42,700 on April 20
Lowest rate in April	Rs.39,940 on April 1
Over all performance	Rising
% Change	+6.46%

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%

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.