Silver Price History in Mumbai for 2026
Today’s prices
Disclaimer: Rates are indicative and may vary by jeweller. Making charges, wastage and GST (3%) may apply.
Silver Investment Guide for Mumbai
Industrial Use & Jewelry
Taxation on Silver
Checklist Before Buying
2. For bullion (coins/bars), ensure 999 purity.
3. Verify weight carefully as silver is often sold in larger quantities.
2026 Performance: High, Low, and Average Silver Rates in Mumbai
Throughout the year 2026, silver prices in Mumbai saw significant movement, reaching a peak of ₹410 per kg and a low of ₹238. With a yearly average of ₹294, 2026 was a key period for silver investors in Mumbai to track market volatility.
Mumbai is the reference point for silver pricing in India — the Multi Commodity Exchange (MCX), which sets the national silver benchmark, operates from Mumbai. Zaveri Bazaar in Mumbai trades significant volumes of 999 fine silver alongside gold, with some of India's most competitive wholesale silver rates. Retail buyers can check the MCX daily settlement price as a baseline; reputable Mumbai dealers typically add 0.5–1.5% above the MCX rate for standard 100g bars and 1kg bars.
Full 2026 silver rate chart for Mumbai. View annual high and low prices, yearly averages, and a detailed market performance report for silver per kg.
Silver Rate in Other Cities
FAQ
How did silver prices perform in Mumbai during 2026?
In 2026, silver prices in Mumbai showed a growth trend of approximately 19.75%. This performance was influenced by global industrial demand, silver mining outputs, and the strength of the Indian Rupee.
What were the key price milestones for silver in Mumbai in 2026?
The year 2026 saw silver in Mumbai touch its highest point of ₹410 per kg in January and its lowest point of ₹238 in January.
Can I use Mumbai 2026 silver rates for wealth tax calculations?
Yes, the annual averages and specific date rates provided for Mumbai can be used as a reference for your financial records and asset valuation for 2026.