🥈 Silver Price Today in Mumbai
Updated 2 July 2026 · MCX rates · All denominations
Silver Rate per Gram — Mumbai
₹245
0 (0.00%) today
🥈
Silver Rate — All Denominations in Mumbai
| Denomination | Price (₹) | Change |
|---|---|---|
| Per Gram | ₹245 | -15 (-5.77%) |
| Per 10 Grams | ₹2,450 | -150 (-5.77%) |
| Per Tola (11.66g) | ₹2,857 | -174.92 (-5.77%) |
| Per 100 Grams | ₹24,500 | -1,500 (-5.77%) |
| Per 250 Grams | ₹61,250 | -3,750 (-5.77%) |
| Per Kg | ₹2,45,000 | -15,000 (-5.77%) |
Silver in Mumbai — Key Facts
- →Silver price in Mumbai tracks MCX silver futures, adjusted for local taxes and dealer margins.
- →A 3% GST applies on all physical silver purchases in India, including Mumbai.
- →Silver is priced in rupees per gram. One tola equals 11.66 grams, a traditional Indian unit for precious metals.
- →Industrial demand (solar panels, EV batteries, electronics) drives global silver prices, making it more volatile than gold.
Silver vs Gold in Mumbai
- →The gold-silver ratio (gold price ÷ silver price) historically averages around 60–80. Above 80, silver is considered relatively cheap.
- →Silver is more affordable for retail investors. A 100g silver bar costs a fraction of a 10g gold coin.
- →No Sovereign Silver Bond exists in India. Physical purchase or MCX futures are the main investment routes.
- →Silver prices in Mumbai may vary slightly from Mumbai MCX rates due to local demand and transport costs.
Frequently Asked Questions — Silver Price Mumbai
What is today's silver price per gram in Mumbai?
Today's silver rate in Mumbai is ₹245 per gram as of 2 July 2026. The price has decreased by ₹0 today.
What is the silver rate per kg in Mumbai today?
The silver price per kg in Mumbai today is ₹2,45,000. This is calculated from the per-gram rate of ₹245.
Why does silver price vary between cities?
Silver prices can vary slightly between Indian cities due to local state taxes (octroi, entry tax), transport costs, dealer margins, and local supply-demand dynamics.
Is GST applicable on silver purchase in Mumbai?
Yes, GST at 3% is applicable on all physical silver purchases across India including Mumbai. The prices shown here may or may not include GST — always confirm with your dealer.