Individual
- Home>
- Silver Rate>
- Silver Rate in Mumbai
Silver Rate in Mumbai Today
In its physical form, silver has been traditionally used to make jewellery and also as store of wealth by leveraging
its status as a precious metal. In recent years, beyond its traditional use in jewellery, silver has witnessed
significant interest due to its numerous industrial applications as well as an investment option that acts as a hedge
against inflation and market volatility. Since the price of silver changes on a daily basis, knowing the latest rate
can help you time your purchase or sale so that you can leverage a lower or higher silver price. On 26th July 2026,
the price of 10 gram of 999 silver (99.9% purity) in Mumbai is ₹ 2,400. This means that today, to buy 1 gm
of silver 999 in Mumbai, you will have to spend ₹ 240.
Mumbai
₹ 240/ g
Silver Rates Today in Mumbai
Compare today's rates across major Indian cities
| Gram | Today | Yesterday |
|---|---|---|
 1 Gram | ₹ 240 | ₹ 240 Rate decreased |
 10 Gram | ₹ 2,400 | ₹ 2,400 Rate decreased |
 100 Gram | ₹ 24,000 | ₹ 24,000 Rate decreased |
 1 Kilogram | ₹ 2,40,000 | ₹ 2,40,000 Rate decreased |
1 Gram | ₹ 222 | ₹ 222 Rate decreased |
10 Gram | ₹ 2,222 | ₹ 2,222 Rate decreased |
100 Gram | ₹ 22,222 | ₹ 22,222 Rate decreased |
1 Kilogram | ₹ 2,22,220 | ₹ 2,22,220 Rate decreased |
Silver 999
On 26th July 2026, 100 gm of silver 999 costs ₹ 24,000. Whereas, the cost of 1 kg of 999 silver ₹ 2,40,000. The traditional tola is equivalent to around 12 gm of silver. In Mumbai, 1 tola of silver 999 is available for ₹ 2,880 today.
Silver 999 refers to silver that is of 99.9% purity and is commonly available in India
999 Silver has been traditionally used to make bars and coins but not jewellery
Silver 999 is also considered investment grade and held by silver ETFs usually in the form of bullion bars
Sterling Silver / Silver 925
In India, typically the price of sterling silver is not tracked by spot or futures markets in India. So, individual jewellers can set the price of silver 925 independently. That said, silver 925 price will follow a price trend similar to pure 999 silver in Mumbai. So, today's silver 999 rate for 1 tola of ₹ 2,880 will have direct impact on how much 1 tola of silver 925 will cost on 26th July 2026.
Sterling Silver or Silver 925 in India features a purity of 92.5%
As Silver 925 is harder than Silver 999 it is ideal for fashioning jewellery and ornaments
Currently Silver 925 price is linked to the price if pure 999 Silver
Why Does the Price of Silver Change Daily?
Today's silver 999 price in Mumbai of ₹ 24,000 per 100 gm on 26th July 2026 is influenced by a wide range of factors. These include:
Price of 999 Silver on global spot market, such as London Bullion Market Association (LBMA)
Exchange rate of the Indian₹ versus foreign currencies such as the US$
The price trend of silver on the MCX Market for July 2026
Current import duty, GST on silver imports as well as local demand of silver in Mumbai
So, if the price of silver 999 has increased on international spot market recently, the price of ₹ 2,400 for
10 gm of silver in India on 23rd July 2026 would have shown a similar rising trend. This trend would also be visible
in case you are purchasing 1 kg of silver 999 for ₹ 2,40,000 or 1 tola of silver 999 for ₹ 2,880 today.
Silver ETF in India Vs Physical Silver
Compare parameters like liquidity, storage, costs, and entry limits
| Parameters | Physical Silver | Silver ETFs |
|---|---|---|
| Liquidity | Moderate. Local buyers play an important role | High. They can be traded like shares on stock exchanges |
| Storage | Locker required | No physical storage required. |
| Costs | 3% GST at the time of purchase | Expense ratio 0.5-1%. No GST |
| Minimum Entry | No minimum entry | ₹500 per unit |
Difference Between 999 Silver and 925 Silver Rates
Compare purity, price, durability, and common use cases
| Parameters | (Fine Silver) 999 Silver | (Sterling Silver) 925 Silver |
|---|---|---|
| Purity | 99.9% pure silver | 92.5% pure silver. 7.5% alloyed with other metals (copper mostly) |
| Per gram | Higher | Lower, mostly 7%-8% cheaper |
| Common Uses | Purchased as bars, coins, bullion for investment purpose | Purchased as Jewellery, ornaments, etc. for more durability |
| Durability | Can get scratches or breakage | Hard. Common for daily usage |
999 Silver Rates in India
Compare today's rates across major Indian cities
| Date | 999 Silver Rate/ gm |
|---|---|
| ₹ 235 |
| ₹ 235 |
| ₹ 235 |
| ₹ 235 |
| ₹ 240 |
| ₹ 245 |
| ₹ 245 |
| ₹ 245 |
| ₹ 240 |
| ₹ 240 |
Tip : Track daily price movements to identify the best time to buy silver. Historical trends show that prices fluctuate throughout the week.
What is the price of 10 grams of silver in Mumbai on 26th July 2026 ?
10 grams of 999 purity silver in Mumbai costs ₹ 2,400 on 26th July 2026. This is calculated as 10 × ₹ 240 (today's per gram rate).
What is the silver rate in Mumbai today?
The silver rate in Mumbai today on 26th July 2026 is ₹ 240 per gram for 999 purity silver.
What is the price of 100 grams of silver in Mumbai today?
100 grams of silver costs ₹ 24,000 in Mumbai as of 26th July 2026. For bulk quantities, contact local bullion dealers in Mumbai.
What is the 1 kg silver price in Mumbai today?
The price of 1 kg (1000 grams) of 999 purity silver in Mumbai on 26th July 2026 is ₹ 2,40,000.
What is the price of 1000 grams of silver in Mumbai today?
1000 grams of 999 purity silver in Mumbai is priced at ₹ 2,40,000 on 26th July 2026. This is the same as the 1 kg rate.
What is the silver rate in Mumbai in July 2026?
In July 2026, the silver rate in Mumbai has ranged between ₹ 235 and ₹ 260 per gram. The monthly average is approximately ₹ 244 per gram.
Did the silver rate change in Mumbai today compared to yesterday?
Yes, the silver rate in Mumbai has changed by +0.00% compared to yesterday. The overall change is .
What is the silver rate per gram in Mumbai for 999 purity?
For 999 purity (fine silver), the rate in Mumbai is ₹ 240 per gram on 26th July 2026. 999 purity means the silver is 99.9% pure.
Is GST applicable on silver purchase in Mumbai?
Yes, GST at 3% is applicable on all silver purchases in Mumbai and across India. The effective cost of 1 gram of silver after GST in Mumbai today is approximately ₹ 247.
What is the weekly high and low silver rate in Mumbai?
This week, the silver rate in Mumbai reached a high of ₹ 245 per gram and a low of ₹ 235 per gram. The weekly average is ₹ 241 and the weekly trend is +4.26%.
How does the silver rate in Mumbai compare to other cities?
The silver rate in Mumbai is ₹ 240/gram on 26th July 2026. Silver rates across India are largely uniform as they are derived from MCX prices, with minor variation due to local taxes and dealer margins.
What was yesterday's silver rate in Mumbai?
The silver rate in Mumbai changed by +0.00% compared to yesterday. Today's rate is ₹ 240 per gram. The change is .
What is the silver rate in Mumbai for 26th July 2026?
On 26th July 2026, the silver rate in Mumbai is ₹ 240 per gram, ₹ 2,400 for 10 grams, ₹ 24,000 for 100 grams, and ₹ 2,40,000 for 1 kg.
How is the silver rate determined in Mumbai?
The silver rate in Mumbai is based on the MCX silver futures price, which tracks the international LBMA spot price. As of 26th July 2026, these factors result in a rate of ₹ 240/gram in Mumbai.
What is the silver rate forecast for Mumbai in July 2026?
Based on the trend in July 2026, silver in Mumbai has shown a +10.64% trend. The monthly low is ₹ 235 and high is ₹ 260 per gram. Note: silver prices are market-driven and subject to change.