🇮🇳 Silver Price in Mumbai Today
Live .999 fine and .925 sterling silver rates in Mumbai, India. Updated every 10 minutes.
.999 Fine Silver
₹215.87
Per gram
Per 10g: ₹2,158.65
Per kg: ₹215,865.36
.925 Sterling Silver
₹199.88
Per gram
Per 10g: ₹1,998.75
Per kg: ₹199,875.33
Last updated: 4 minutes ago
Silver price in Mumbai - All purities
| Purity | Per gram | Per 10g | Per tola | Per troy oz | Per kg |
|---|---|---|---|---|---|
| .999 | ₹215.87 | ₹2,158.65 | ₹2,517.81 | ₹6,714.17 | ₹215,865.36 |
| .925 | ₹199.88 | ₹1,998.75 | ₹2,331.31 | ₹6,216.82 | ₹199,875.33 |
| .900 | ₹194.47 | ₹1,944.73 | ₹2,268.30 | ₹6,048.80 | ₹194,473.30 |
| .800 | ₹172.87 | ₹1,728.65 | ₹2,016.26 | ₹5,376.71 | ₹172,865.15 |
Silver price by quantity in Mumbai
| Quantity | .999 Fine Silver | .925 Sterling Silver |
|---|---|---|
| 1g | ₹215.87 | ₹199.88 |
| 10g | ₹2,158.65 | ₹1,998.75 |
| 50g | ₹10,793.27 | ₹9,993.77 |
| 100g | ₹21,586.54 | ₹19,987.53 |
| 1 kg | ₹215,865.36 | ₹199,875.33 |
| 1 tola | ₹2,517.81 | ₹2,331.31 |
| 5 tola | ₹12,589.05 | ₹11,656.53 |
Silver price in other cities in India
Market analysis by Priya Venkataraman·Senior Gold Markets Analyst·Last updated April 2026Silver market in Mumbai
Mumbai is one of India's premier silver trading destinations with a population of 20,411,000. The city's silver market attracts buyers from across the region.
Zaveri Bazaar and Chor Bazaar are Mumbai's main silver trading hubs, offering everything from silver bars to traditional silverware.
At today's rates, .999 fine silver in Mumbai costs ₹215.87 per gram (₹215,865.36 per kilogram). Sterling silver (.925) is ₹199.88 per gram. Prices derive from the international COMEX spot price converted to INR.
Tips for buying silver in Mumbai
- •Check for the '925' or 'Sterling' stamp on jewelry to confirm 92.5% silver content
- •Silver tarnishes naturally — dark tarnish does NOT mean it's fake. Polish restores the shine
- •Compare prices per gram across dealers, not per piece — making charges vary widely
- •For investment silver, buy .999 fine bars or coins from recognized mints
- •Silver is bulkier than gold — storage matters for large amounts
Silver price in Mumbai vs the national average
Silver prices in Mumbai follow the national rate, because the metal is priced globally and converted into INR — today around ₹215.87 per gram for .999 fine and ₹199.88 for .925 sterling. What varies between Mumbai and other cities is the making charge on jewellery and small differences in dealer margin, not the underlying metal price. So a shop that looks "cheaper" usually has lower making charges or stronger competition rather than a different silver rate.
Where to buy silver in Mumbai
Buyers in Mumbai can choose between coins, bars and jewellery. For investment, look for .999 fine silver; for ornaments, .925 sterling is standard. Across India, markets such as Zaveri Bazaar (Mumbai), Dariba Kalan (Delhi), Karol Bagh (Delhi), T. Nagar (Chennai), Johari Bazaar (Jaipur) and names like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, Joyalukkas, PC Jeweller are known for choice and fair pricing. In Mumbai, favour sellers that stamp purity clearly, show live rates and give a printed bill. Compare a couple of shops before buying, since silver's making charges and premiums vary more than gold's.
Making charges on silver in Mumbai
Making charges on silver jewellery in Mumbai are typically a higher percentage of value than on gold, because the metal itself is cheaper while the craftsmanship costs are similar. Expect roughly 8–25% on worked pieces, with plain bars and coins carrying much lower premiums. Ask whether the charge is a percentage or a flat per-gram rate, and whether it is negotiable — on detailed pieces there is often room to bargain.
How to verify silver purity in Mumbai
Before paying in Mumbai, confirm the purity. Look for a "925" or "Sterling" stamp on jewellery, or "999" on fine silver, and ask for the purity in writing on your bill. Simple checks help: genuine silver is only weakly affected by a magnet, and it tarnishes rather than rusting over time. For valuable purchases, buy from reputable dealers and keep the stamped, documented bill — it protects you when you resell.
Frequently asked questions
What is the silver price in Mumbai today?▾
Today's .999 fine silver in Mumbai is ₹215.87 per gram. Sterling (.925) is ₹199.88 per gram. Per kg, fine silver costs ₹215,865.36. Based on COMEX spot converted to INR.
Is silver cheaper in Mumbai than Delhi?▾
Silver prices in Mumbai and Delhi are virtually identical — based on international spot price. Differences under 0.5%. Real cost variation comes from making charges on jewelry.
Where to buy silver in Mumbai?▾
Best places to buy silver in Mumbai: Zaveri Bazaar and Chor Bazaar are Mumbai's main silver trading hubs, offering everything from silver bars to traditional silverware. Compare prices from at least 3 dealers.
What is sterling silver worth per gram in Mumbai?▾
Sterling silver (.925) in Mumbai is ₹199.88 per gram. Per 100g it costs ₹19,987.53. Sterling is the standard for silver jewelry worldwide.
Does silver price change daily in Mumbai?▾
Yes. Silver is more volatile than gold — daily swings of 2-5% are common. Prices in Mumbai update every 10 minutes based on the international spot market.
What is the making charge on silver in Mumbai?▾
Silver making charges in Mumbai are usually a higher percentage than gold — often around 8–25% on worked jewellery — because the metal is cheaper while craftsmanship costs are similar. Plain bars and coins carry far lower premiums, and charges are often negotiable.
What is the difference between fine and sterling silver?▾
Fine silver (.999) is 99.9% pure and used for investment coins and bars. Sterling silver (.925) is 92.5% pure, alloyed with copper for durability, and used for jewellery and tableware sold in Mumbai. Check the stamp to know which you are buying.
Is hallmarked silver available in Mumbai?▾
Yes. Reputable jewellers in Mumbai sell stamped .925 sterling and .999 fine silver. Always check for the purity stamp and insist on a printed bill recording weight, purity and rate — it is your proof of value when you sell.