Silver rate in Mumbai

₹1,86,069per kilogram

+₹6,152 (+3.42%) since 3 November 2026

Rate for 4 November 2026

999 fine
₹1,861
per 10g · ₹186/g

52-week range

Low
₹1,48,087
High
₹4,05,887

Today sits 15% of the way up the last year’s range, which ran from ₹1,48,087 on 6 November 2025 to ₹4,05,887 on 30 January 2026.

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Mumbai silver rate in context

One morning’s rate means little on its own. Here is how 4 November 2026’s figure of ₹1,86,069 per kilogram compares with where Mumbai has been, and with what the rest of India is paying today.

Against the last year

Silver in Mumbai is up 22.8% against ₹1,51,500 on 4 November 2025. Today sits 15% of the way up the 52-week range.

Against last month

down 17.7% against ₹2,26,175 on 5 October 2026. Over a month, movement of a few percent is ordinary; a jump beyond that usually tracks the rupee or the international spot price rather than anything local.

Distance from the extremes

Today is ₹37,982 above the 52-week low of ₹1,48,087 (6 November 2025) and ₹2,19,818 below the high of ₹4,05,887 (30 January 2026). That spread is what a purchase timed well or badly is worth per kilogram.

Against the rest of India

Mumbai is the 6th cheapest of the 18 cities we track for silver today, and ₹1,949 below the 18-city average of ₹1,88,018.

The national spread

Cheapest today is Jaipur at ₹1,85,800; dearest is Salem at ₹2,10,000. The ₹24,200 gap between them is local taxes, transport and association margins, not a difference in the metal.

What the rate excludes

This is the rate for the metal itself in Mumbai. A jeweller adds making charges and 3% GST on top, and may deduct for wastage, so two shops quoting this same rate can still hand you different bills. Rates here are indicative, aggregated figures for comparison — confirm the final price before you buy.

Silver rate near Mumbai

Other West India markets we track, priced on the same day. Where a neighbouring city is meaningfully cheaper it is usually worth a call before buying.

silver rate per kilogram in cities near Mumbai on 4 November 2026
CityPer kilogramvs MumbaiRate for
Mumbai (this page)₹1,86,069—4 November 2026
Ahmedabad₹1,87,556+₹1,4874 November 2026
Nagpur₹1,85,965−₹1044 November 2026
Pune₹1,85,883−₹1864 November 2026

See every city we track for silver rates

Silver rate in Mumbai — FAQs

What is the silver rate in Mumbai today?

On 4 November 2026, silver in Mumbai is ₹1,86,069 per kilogram, which works out to ₹1,861 per 10 grams. Rates are updated daily.

What was the highest silver rate in Mumbai this year?

Over the last 52 weeks the silver rate in Mumbai peaked at ₹4,05,887 per kilogram on 30 January 2026, and bottomed at ₹1,48,087 on 6 November 2025. Today's ₹1,86,069 sits 15% of the way up that range.

Is silver getting cheaper or dearer in Mumbai?

Over the past year the rate has moved from ₹1,51,500 on 4 November 2025 to ₹1,86,069 today — up 22.8%. Over the last month it is down 17.7%. The chart on this page shows the full series.

Why does the silver rate in Mumbai differ from other cities?

The metal itself is priced internationally, so the underlying cost is identical everywhere. What differs is state GST, transport, and the margins set by local jeweller associations — which is why two cities can quote rates a few hundred rupees apart per kilogram on the same morning. Each city page here shows that city's own rate rather than a national figure.

Do these Mumbai rates include GST and making charges?

No. The rate shown is for the metal only. A jeweller adds 3% GST and making charges on top — often 8% to 25% of the metal value for gold jewellery — and may deduct for wastage. These figures are indicative, aggregated rates for comparison and tracking, so confirm the final price with your jeweller before buying.