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Silver Rate in Mumbai (1st May 2020)

May 1, 2020
41 /Gram -1.52

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
Silver Rate
Daily Price Change
1 gram 41 42.52 -1.52
8 gram 328 340.16 -12.16
10 gram 410 425.20 -15.20
100 gram 4,100 4,252 -152
1 Kg 41,000 42,520 -1,520

Silver Rate in Mumbai for Last 10 Days

Date 10 gram 100 gram 1 Kg
May 1, 2020 410.00 4,100.00 41000.00 -1520
Apr 30, 2020 425.20 4,252.00 42520.00 1010
Apr 29, 2020 415.10 4,151.00 41510.00 10
Apr 28, 2020 415.00 4,150.00 41500.00 -700
Apr 27, 2020 422.00 4,220.00 42200.00 -400
Apr 26, 2020 426.00 4,260.00 42600.00 10
Apr 25, 2020 425.90 4,259.00 42590.00 60
Apr 24, 2020 425.30 4,253.00 42530.00 110
Apr 23, 2020 424.20 4,242.00 42420.00 1010
Apr 22, 2020 414.10 4,141.00 41410.00 -240

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Mumbai

  • Silver Price Movement in Mumbai, April 2020
  • Silver Rates 1 Kg
    1 st April rate Rs.39,940
    30th April rate Rs.42,520
    Highest rate in April Rs.42,700 on April 20
    Lowest rate in April Rs.39,940 on April 1
    Over all performance Rising
    % Change +6.46%
  • Silver Price Movement in Mumbai, March 2020
  • Silver Price Movement in Mumbai, February 2020
  • Silver Price Movement in Mumbai, January 2020
  • Silver Price Movement in Mumbai, December 2019
  • Silver Price Movement in Mumbai, November 2019

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.

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