Silver Rate in Mumbai (13th November 2019)

Nov 13, 2019

₹ 48.75 /Gram ₹ 0.05

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	₹ 48.75	₹ 48.70	₹ 0.05
8 gram	₹ 390	₹ 389.60	₹ 0.40
10 gram	₹ 487.50	₹ 487	₹ 0.50
100 gram	₹ 4,875	₹ 4,870	₹ 5
1 Kg	₹ 48,750	₹ 48,700	₹ 50

Check gold rate in Mumbai

Silver Rate in Mumbai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Nov 12, 2019	₹ 487.50	₹ 4,875.00	₹ 48750.00 ( 50 )
Nov 11, 2019	₹ 487.00	₹ 4,870.00	₹ 48700.00 ( 50 )
Nov 9, 2019	₹ 486.50	₹ 4,865.00	₹ 48650.00 ( 50 )
Nov 8, 2019	₹ 486.00	₹ 4,860.00	₹ 48600.00 ( -150 )
Nov 7, 2019	₹ 487.50	₹ 4,875.00	₹ 48750.00 ( 250 )
Nov 6, 2019	₹ 485.00	₹ 4,850.00	₹ 48500.00 ( -200 )
Nov 5, 2019	₹ 487.00	₹ 4,870.00	₹ 48700.00 ( -50 )
Nov 4, 2019	₹ 487.50	₹ 4,875.00	₹ 48750.00 ( 9750 )
Nov 2, 2019	₹ 390.00	₹ 3,900.00	₹ 39000.00 ( -9500 )
Nov 1, 2019	₹ 485.00	₹ 4,850.00	₹ 48500.00 ( -450 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

Silver Price Movement in Mumbai, October 2019

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%

Silver Price Movement in Mumbai, September 2019

Silver Price Movement in Mumbai, August 2019

Silver Price Movement in Mumbai, July 2019

Silver Price Movement in Mumbai, June 2019

Silver Price Movement in Mumbai, May 2019

Silver Rates	1 Kg
1 ^st September rate	Rs.50,200
30^th September rate	Rs.48,500
Highest rate in September	Rs.53,200 on September 9
Lowest rate in September	Rs.48,500 on September 30
Over all performance	Falling
% Change	-3.39%

Silver Rates	1 Kg
1 ^st August rate	Rs.44,965
31^st August rate	Rs.48,500
Highest rate in August	Rs.49,160 on August 27
Lowest rate in August	Rs.44,522 on August 10
Over all performance	Rising
% Change	+7.86%

Silver Rates	1 Kg
1 ^st July rate	Rs.40,578
31^st July rate	Rs.44,965
Highest rate in July	Rs.44,965 on July 31
Lowest rate in July	Rs.40,560 on July 9
Over all performance	Rising
% Change	+10.81%

Silver Rates	1 Kg
1 ^st June rate	Rs.39,600
30^th June rate	Rs.40,500
Highest rate in June	Rs.40,500 on June 29
Lowest rate in June	Rs.39,450 on June 2
Over all performance	Rising
% Change	+2.27%

Silver Rates	1 Kg
1 ^st May rate	Rs.40,500
31^st May rate	Rs.39,500
Highest rate in May	Rs.40,700 on May 3
Lowest rate in May	Rs.39,360 on May 25
Over all performance	Falling
% Change	-2.47%

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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