Silver Price Today in Mumbai — 15 May 2026
Last updated: 14 May 2026
| Weight | Silver |
|---|---|
| 1g | ₹288 |
| 8g | ₹2,304 |
| 10g | ₹2,880 |
| 100g | ₹28,800 |
| 1kg | ₹2,88,000 |
Mumbai is one of India's active silver markets. Silver prices in Mumbai typically align with national MCX rates, with minor variations based on local jeweller associations and state taxes. Today, silver in Mumbai is priced at ₹288 per gram.
Silver demand in Mumbai peaks during festivals and weddings. The city's jewellery market offers both traditional and modern silver designs. Making charges vary by design complexity.
Silver Market in Mumbai
Mumbai is a major bullion distribution hub, with Zaveri Bazaar and a strong wholesale ecosystem influencing retail rates across the city. Local quotes typically track national benchmarks closely, with small differences driven by association updates and demand from jewellers.
Local tip: Compare the day’s rate and making charges across 2–3 Zaveri Bazaar or suburban jewellers, and insist on BIS hallmark + a detailed invoice.
Seasonal note: Demand often jumps around Akshaya Tritiya and the winter wedding season, which can tighten inventory for popular jewellery designs.
Silver prices in Mumbai follow MCX benchmarks and vary based on local taxes, jeweller association rates, and seasonal demand — learn more →
Mumbai vs Nearby Cities
Frequently Asked Questions
What is the silver price in Mumbai today?
Today's silver price in Mumbai is shown in the table above. Rates may vary slightly by jeweller.
Why does silver price differ between cities?
Silver prices differ due to state taxes, local association rates, and demand.
Where can I buy silver in Mumbai?
Mumbai has numerous jewellers selling silver. Look for purity marks and compare rates.
How is GST applied on silver?
GST of 3% applies on silver jewellery across India.
Gold & Silver Prices in Other Cities
Compare silver prices in Mumbai with nearby cities: