Silver Rate in Mumbai (23rd July 2018)
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 | ₹ 41.60 | ₹ 41.40 | ₹ 0.20 |
| 8 gram | ₹ 332.80 | ₹ 331.20 | ₹ 1.60 |
| 10 gram | ₹ 416 | ₹ 414 | ₹ 2 |
| 100 gram | ₹ 4,160 | ₹ 4,140 | ₹ 20 |
| 1 Kg | ₹ 41,600 | ₹ 41,400 | ₹ 200 |
Silver Rate in Mumbai for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
| Jul 23, 2018 | ₹ 416.00 | ₹ 4,160.00 | ₹ 41600.00 |
| Jul 21, 2018 | ₹ 414.00 | ₹ 4,140.00 | ₹ 41400.00 |
| Jul 20, 2018 | ₹ 422.00 | ₹ 4,220.00 | ₹ 42200.00 |
| Jul 19, 2018 | ₹ 416.00 | ₹ 4,160.00 | ₹ 41600.00 |
| Jul 18, 2018 | ₹ 421.00 | ₹ 4,210.00 | ₹ 42100.00 |
| Jul 17, 2018 | ₹ 422.00 | ₹ 4,220.00 | ₹ 42200.00 |
| Jul 16, 2018 | ₹ 422.00 | ₹ 4,220.00 | ₹ 42200.00 |
| Jul 14, 2018 | ₹ 422.00 | ₹ 4,220.00 | ₹ 42200.00 |
| Jul 13, 2018 | ₹ 424.00 | ₹ 4,240.00 | ₹ 42400.00 |
| Jul 12, 2018 | ₹ 427.00 | ₹ 4,270.00 | ₹ 42700.00 |
Weekly & Monthly Graph of Silver Price in India
Historical Price of Silver Rate in Mumbai
- Silver Price Movement in Mumbai, June 2018
- Silver Price Movement in Mumbai, May 2018
- Silver Price Movement in Mumbai, April 2018
- Silver Price Movement in Mumbai, March 2018
- Silver Price Movement in Mumbai, February 2018
- Silver Price Movement in Mumbai, January 2018
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: 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.
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- Silver price in Kerala
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- Silver price in Nagpur
- Silver price in Nashik
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