Silver Rate Today 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 ₹ 64,700 for 1 kg of silver.

999 Silver Price in Mumbai 2022

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.

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.

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.

✅What is the price of 1 kg silver in Mumbai today?

The price of 1 kg silver in Mumbai today is ₹ 64,700 . 

✅What is the cost of 10 gram silver in Mumbai?

The current price of 10 gram silver in Mumbai is ₹ 647 . 

✅Is Silver good investment in Mumbai?

Silver is not only a good form of investment but offers many other uses such as making of jewellery and silverware, mirrors, electrical wiring and batteries, dental alloys and anti-bacterial medicines etc. Along with that, it has cheaper rates than gold.

✅Should I buy silver bars or coins?

Silver coins can be chosen for a small investment as it can be bought and stored easily. On the other hand, if you are planning to buy bulk stocks, silver bars must be a preferred option to get good returns.

✅What is the best way to invest in silver?

Silver can be invested in multiple forms such as silver bars, coins, ornaments, statues, on various commodities exchanges. However, silver commodities in digital format are considered as the preferred form of investment.

✅Can I buy silver from a bank?

Yes, it is easy to buy physical forms of silver like silver coins, silver bars etc. from a bank.