Silver Rate in Mumbai
16th Jan 2018
Today MCX silver price in rupees per 1 kg.
Today silver price in india is 42,446.00 rupees per Kg
Silver Rate in Mumbai Per Gram (INR)
|1 Gram||10 Gram||100 Gram||1 Kg||Change(%)|
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
|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.