Silver Price Today in Mumbai — 29 June 2026
About this data
Silver prices in Mumbai (Maharashtra) follow MCX silver futures and international spot references in INR. Retail quotes may differ after making charges or dealer premium.
Silver price today in Mumbai is ₹278/g (999 fine benchmark) — ₹2/g below national (national: ₹280/g). Gold-to-silver ratio in India today is about 56:1.
Mumbai's silver market trades alongside gold at Zaveri Bazaar and wholesale hubs. Industrial and retail demand keep turnover high. Today, 999 fine silver in Mumbai is priced at ₹278 per gram.
Silver in Mumbai is used for coins, bars, and sterling jewellery. Compare making charges and minting premiums. BIS hallmark applies to new silver jewellery.
Use the weight tables, purity comparison, nearby city rates, trend chart, and FAQs before you buy silver in Mumbai.
Silver Price in Mumbai — By Weight
| Weight | Silver |
|---|---|
| 1g | ₹278 |
| 8g | ₹2,224 |
| 10g | ₹2,780 |
| 100g | ₹27,800 |
| 1kg | ₹2,78,000 |
999 vs 925 Silver in Mumbai
| Feature | 999 fine silver | 925 sterling |
|---|---|---|
| Rate per gram today | ₹278 | ~₹257 silver content |
| 10 gram (metal only) | ₹2,780 | ~₹2,570 |
| Best for | Coins, bars | Jewellery, gifts |
Silver Rate in Mumbai — 29 June 2026 Analysis
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 — Mumbai
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 Price in Mumbai — Common Weights
| Weight | 999 silver (Mumbai) |
|---|---|
| 1 gram | ₹278 |
| 8 grams | ₹2,224 |
| 10 grams | ₹2,780 |
| 100 grams | ₹27,800 |
| 1 kg | ₹2,78,000 |
India Silver Trend (30-Day Reference)
Mumbai silver quotes usually move with the national MCX trend. Chart below shows India reference history for direction — not an exact shop quote.
Silver price history reference — India (30 days)
| Date | Silver (₹/g) |
|---|---|
| 2026-05-31 | 276 |
| 2026-06-01 | 277 |
| 2026-06-02 | 279 |
| 2026-06-03 | 280 |
| 2026-06-04 | 281 |
| 2026-06-05 | 281 |
| 2026-06-06 | 282 |
| 2026-06-07 | 282 |
| 2026-06-08 | 282 |
| 2026-06-09 | 282 |
| 2026-06-10 | 281 |
| 2026-06-11 | 281 |
| 2026-06-12 | 280 |
| 2026-06-13 | 279 |
| 2026-06-14 | 279 |
| 2026-06-15 | 278 |
| 2026-06-16 | 278 |
| 2026-06-17 | 278 |
| 2026-06-18 | 277 |
| 2026-06-19 | 278 |
| 2026-06-20 | 278 |
| 2026-06-21 | 279 |
| 2026-06-22 | 280 |
| 2026-06-23 | 281 |
| 2026-06-24 | 282 |
| 2026-06-25 | 283 |
| 2026-06-26 | 285 |
| 2026-06-27 | 286 |
| 2026-06-28 | 287 |
| 2026-06-29 | 288 |
Mumbai vs Nearby Cities
How to Buy Silver in Mumbai
Check today's per gram rate
Board rate should be near ₹278/g for 999 benchmark before weighing.
Verify purity stamp
999 on coins/bars; 925 on most jewellery — BIS hallmark on new pieces.
Compare total invoice
Minting, making charges, and GST can change net cost more than ₹5/g moves.
Use nearby city table
Compare Mumbai with neighbouring markets in Maharashtra before bulk buys.
Frequently Asked Questions — Mumbai
What is the silver price in Mumbai today?
Today's silver price in Mumbai is ₹278 per gram (999 fine benchmark). See the weight table for 10 g, 100 g, and 1 kg values.
What is 10 gram silver price in Mumbai?
10 grams of silver in Mumbai is about ₹2,780 in metal value before making charges or GST on jewellery.
Why does silver price differ between cities?
Silver prices differ due to logistics, local association benchmarks, dealer spread, and demand. The trend direction still follows MCX nationally.
Where can I buy silver in Mumbai?
Mumbai has jewellers and bullion dealers selling coins and jewellery. Insist on purity marks, BIS hallmark on new jewellery, and a detailed GST invoice.
How is GST applied on silver?
GST of 3% applies on silver jewellery across India. Coin and bar purchases may differ — confirm on your bill.
Is Mumbai silver cheaper than other cities?
Use the nearby cities table on this page. Mumbai usually tracks the national MCX direction with small local variation.
What is 999 vs 925 silver?
999 is 99.9% pure for coins and bars. 925 is sterling silver for jewellery. Your per-gram value depends on which purity you buy.
How does silver in Mumbai compare to gold?
See gold price in the same city via the related link on the page. Many buyers hold both metals for different goals.