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

Check gold rate in Mumbai

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
31^st 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

Silver Rates	1 Kg
1 ^st April rate	Rs.63,600
30^th April rate	Rs.67,500
Highest rate in April	Rs.70,300 on April 22
Lowest rate in April	Rs.63,600 on April 1
Over all performance	Rising
% Change	+6.13%

Silver Rates	1 Kg
1 ^st March rate	Rs.67,510
31^st March rate	Rs.63,200
Highest rate in March	Rs.67,900 on March 3
Lowest rate in March	Rs.63,200 on March 31
Over all performance	Falling
% Change	-6.38%

Silver Rates	1 Kg
1 ^st February rate	Rs.73,000
28^th February rate	Rs.67,500
Highest rate in February	Rs.73,000 on February 1
Lowest rate in February	Rs.67,300 on February 5
Over all performance	Falling
% Change	-7.53%

Silver Rates	1 Kg
1 ^st January rate	Rs.68,100
31^st January rate	Rs.69,800
Highest rate in January	Rs.71,400 on January 6
Lowest rate in January	Rs.63,900 on January 9
Over all performance	Rising
% Change	+2.50%

Silver Rates	1 Kg
1 ^st December rate	Rs.60,200
31^st December rate	Rs.68,400
Highest rate in December	Rs.70,700 on December 21
Lowest rate in December	Rs.60,200 on December 1
Over all performance	Rising
% Change	+13.62%

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.