Silver rate in Mumbai

₹2,09,038per kilogram

+₹483 (+0.23%) since 14 October 2026

Rate for 15 October 2026

999 fine
₹2,090
per 10g · ₹209/g

52-week range

Low
₹1,47,616
High
₹4,05,887

Today sits 24% of the way up the last year’s range, which ran from ₹1,47,616 on 29 October 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 15 October 2026’s figure of ₹2,09,038 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 21.0% against ₹1,72,819 on 15 October 2025. Today sits 24% of the way up the 52-week range.

Against last month

down 9.8% against ₹2,31,856 on 15 September 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 ₹61,422 above the 52-week low of ₹1,47,616 (29 October 2025) and ₹1,96,849 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 11th cheapest of the 18 cities we track for silver today, and ₹2,709 below the 18-city average of ₹2,11,747.

The national spread

Cheapest today is Jaipur at ₹2,08,968; dearest is Salem at ₹2,40,000. The ₹31,032 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 15 October 2026
CityPer kilogramvs MumbaiRate for
Mumbai (this page)₹2,09,038—15 October 2026
Ahmedabad₹2,10,173+₹1,13515 October 2026
Nagpur₹2,08,940−₹9815 October 2026
Pune₹2,08,933−₹10515 October 2026

See every city we track for silver rates

Silver rate in Mumbai — FAQs

What is the silver rate in Mumbai today?

On 15 October 2026, silver in Mumbai is ₹2,09,038 per kilogram, which works out to ₹2,090 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 ₹1,47,616 on 29 October 2025. Today's ₹2,09,038 sits 24% of the way up that range.

Is silver getting cheaper or dearer in Mumbai?

Over the past year the rate has moved from ₹1,72,819 on 15 October 2025 to ₹2,09,038 today — up 21.0%. Over the last month it is down 9.8%. 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.