Silver Rate Today in Mumbai
Current Silver Price in Mumbai
| 16th Jul 2020 | Silver 999 - ₹ Per kg |
|---|---|
| Today | 52,800 |
| Silver Rate Mumbai Jul 2020 | |
| Highest Rate | 53,000 |
| Lowest Rate | 48,510 |
| Average Rate | 50,691 |
Silver Price in Mumbai
Silver has been considered a popular metal in Mumbai, one because it is precious and secondly because it is investment friendly. However, before investing in the metals, it is important to be updated with the Silver price on a regular basis. The silver price in Mumbai is dependent on various factors such as the overseas relations and the demand and supply of it in the market. As per the current scenarios, the silver price today in Mumbai is ₹ 52,800 for 1 kg of silver.
Historical Silver Price in Mumbai Trend
999 Silver Price in Mumbai 2020
| Months | Lowest Price 999 Silver - ₹ per Kg. | Highest Price 999 Silver - ₹ per Kg. |
|---|---|---|
| July 2020 | 48,510 | 53,000 |
| June 2020 | 47,100 | 50,160 |
| May 2020 | 41,000 | 50,110 |
| April 2020 | 39,940 | 42,700 |
| March 2020 | 39,480 | 51,080 |
| February 2020 | 48,000 | 51,500 |
| January 2020 | 48,900 | 51,000 |
999 Silver Price in Mumbai 2019
| Months | Lowest Price 999 Silver - ₹ per Kg. | Highest Price 999 Silver - ₹ per Kg. |
|---|---|---|
| December 2019 | 46,650 | 49,350 |
| November 2019 | 39,000 | 48,840 |
| October 2019 | 45,750 | 48,950 |
| September 2019 | 48,500 | 53,200 |
| August 2019 | 44,522 | 49,164 |
| July 2019 | 40,500 | 44,965 |
| June 2019 | 39,438 | 41,052 |
| May 2019 | 39,361 | 40,752 |
| April 2019 | 40,074 | 40,857 |
| March 2019 | 40,355 | 43,559 |
| February 2019 | 41,126 | 43,965 |
| January 2019 | 41,452 | 43,829 |
Silver as an Investment in Mumbai
Silver has been a popular investment option in Mumbai from ages. It is a hard asset and real form of money that cannot be created out of paper or any digital form. Further, investment in silver is affordable and cheap that can provide good returns to silver investors. An investor can invest in silver through both small and huge investments. While small investments can be made through coins, large investments in silver can be made through silver bars. When the silver rates in Mumbai are on the rise, silver investors can earn huge from it. Thus, investment in silver metal is worth it.
From where to buy silver in Mumbai
When buying silver in Mumbai, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Mumbai for buying silver jewellery are Tansihq Showroom, PN Gadgill and Sons, ORRA Jewellery, Rushabh Jewellers, Gayatri Gold Palace and Siddharth Jewellers. Other large Stores that sell certified and hallmark jewellery in Mumbai are Manoj Ornaments, Bhairav Jewellers and Dhanlaxmi Jewellers.
About Mumbai
Mumbai, is considered as the commercial capital of India and also one of the most popular market for silver in the country. Silver rates in Mumbai depends upon the various international factors like global production, strength of currency, prevailing market conditions, prices of other commodities etc. Silver in the city can be purchased from a wide range of silver traders dealing in Silver.
FAQs
✅What is the price of 1 kg silver in Mumbai today?
The price of 1 kg silver in Mumbai today is ₹ 52,800 .
✅What is the cost of 10 gram silver in Mumbai?
The current price of 10 gram silver in Mumbai is ₹ 528 .
✅What is the price of gold and silver today in Mumbai?
The price of gold today in Mumbai is ₹ 47,500 for 22 carats gold, whereas it is ₹ 48,500 for 24 carats gold. The silver rate in Mumbai today is ₹ 52,800 for 1 kg silver.
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