Silver Rate in Mumbai

16th Jan 2018

42,446.00

Today MCX silver price in rupees per 1 kg.

Today silver price in india is 42,446.00 rupees per Kg

Per Gram Silver Price Today in Mumbai
Rs. 42.45
1 Kg Silver Price Today in Mumbai
Rs. 42,446.00

Silver Rate in Mumbai Per Gram (INR)

  1 Gram 10 Gram 100 Gram 1 Kg Change(%)
Yesterday 42.45 424.5 4245 42446.00 0 %
Today 42.04 420.4 4204 42041.00 0 %

Silver Rate in Mumbai

Mumbai is one of the leading patrons of silver in the country. The metal has an exceptional position in the business capital of India, with plenty of outlets dealing in silver in the city. The silver industry in Mumbai is thriving, with people demanding silver not only for ornamental purposes but also to make use of fashion and art.

The rate of silver in Mumbai is an amalgamation of multiple factors and is quite dynamic in nature. The price of silver Mumbai has maintained a downward movement since the beginning of the year, with the exception of January, where prices rose by 6.53%. The rate of silver diminished in February, April as well as May, when the downfall was recorded at 5.62%.

The current silver rate in Mumbai is in continuation of this trend. And while the prices of gold have increased in the earlier few months, silver has turned out to be an even more reasonable metal, leading to an incredible increase in its demands. We have given today’s silver rate in Mumbai for those who wish to buy the valuable metal.

Silver Rate in Mumbai for Last 10 Days

Year
SILVER (in Gm)
1 GRAM 10 GRAM
SILVER (in Kg)
1 Kg 10 Kg
16 January 2018 Rs. 42.45 Rs. 424.5 Rs. 42446.00 Rs. 424460
15 January 2018 Rs. 42.04 Rs. 420.4 Rs. 42041.00 Rs. 420410
14 January 2018 Rs. 41.87 Rs. 418.7 Rs. 41868.00 Rs. 418680
13 January 2018 Rs. 41.87 Rs. 418.7 Rs. 41868.00 Rs. 418680
12 January 2018 Rs. 41.83 Rs. 418.3 Rs. 41832.00 Rs. 418320
11 January 2018 Rs. 41.88 Rs. 418.8 Rs. 41883.00 Rs. 418830
10 January 2018 Rs. 42.05 Rs. 420.5 Rs. 42051.00 Rs. 420510
09 January 2018 Rs. 42.03 Rs. 420.3 Rs. 42029.00 Rs. 420290
08 January 2018 Rs. 42.06 Rs. 420.6 Rs. 42063.00 Rs. 420630

Comparison for 1 Gram Silver Rates for Mumbai (In Rupees/Gram)

Historical Price of Silver Rate in Mumbai

Silver finding a Steady Growth Amongst City Buyers

If a city happens to be the commercial capital of a country, then it will for sure have a customer base quite large. Mumbai is the perfect example of such a city in the Indian context. The silver price in Mumbai going up the graphs in a steady fashion tells a lot as to why silver has found a position of its own.

What Makes Silver A Precious Metal in Mumbai?

To have such a query answered, one does need to take a deeper perspective in the city’s life rather than merely brushing past the Mumbai silver rate. The city is teeming with outlets of every kind that is selling the metal. When the majority of its population happens to be racing against time to earn a living, it is the metal of silver that has a found a steady stream of buyers. The history for the rate of silver in Mumbai thus goes years in the past with the port city transacting majorly on the metal.

The modern day price of silver in Mumbai is fuelled by the use of the metal as various kinds of silverware, jewelry and ornaments. The sellers are a mix of large brands to that of local dealers and small stores.

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