Silver 999 price performance
▲ Up ₹15.00 (+5.7%) over 31 days
Mumbai, Maharashtra, India
Silver Price
999 per gram
₹280.00
925 per gram
₹259.00
900 per gram
₹252.00
Last rate update: Mon, Jun 1, 2026 2:34 PM
Calculation output
| Line item | Value |
|---|---|
| Rate per gram | ₹280.00 |
| Weight in grams | 10.000 |
| Gold value | ₹2,800.00 |
| Chargeable weight | 10.000 |
| Making charge | ₹0.00 |
| GST amount | ₹84.00 |
| Total | ₹2,884.00 |
Recent rate history
| Date | Avg Price | Status |
|---|---|---|
| Jun 01, 2026 | ₹280.00 | Verified |
| May 31, 2026 | ₹280.00 | Verified |
| May 30, 2026 | ₹280.00 | Verified |
| May 29, 2026 | ₹278.23 | Verified |
| May 28, 2026 | ₹278.62 | Verified |
| May 27, 2026 | ₹285.00 | Verified |
| May 26, 2026 | ₹285.00 | Verified |
| May 25, 2026 | ₹285.00 | Verified |
| May 24, 2026 | ₹285.00 | Verified |
| May 23, 2026 | ₹285.00 | Verified |
In Mumbai, Maharashtra, as of 14 May 2026, silver prices for different purities are stable, with 999 purity valued at ₹300 per gram, 925 at ₹277.50, and 900 at ₹270. The silver market in India has seen fluctuations over the past month, with recent trends indicating a steady increase, reaching ₹305 per gram for 999 purity. This upward movement reflects growing demand and market confidence in precious metals. Whether you're a seasoned investor or a first-time buyer, understanding current rates and market dynamics is essential for making informed decisions. It’s also important to stay updated with local market conditions, as silver prices can vary based on purity, demand, and economic factors specific to Mumbai and the broader Indian market.
Market
Market pulse
Silver prices in Mumbai have shown a positive trend as of mid-May 2026, with the latest rates reaching ₹305 per gram for 999 purity. Over the past month, prices have experienced fluctuations but overall have been on an upward trajectory, driven by increased demand and market confidence. The stability in rates for 925 and 900 purities also indicates a balanced market. Investors and buyers should monitor local and global economic factors influencing precious metals, including currency fluctuations and industrial demand, to better understand potential future movements in silver prices in Maharashtra.
Guide
Buyer playbook
When purchasing silver in Mumbai, start by researching current market rates for different purities—999, 925, and 900—since prices can vary. Always verify the purity markings on silver items or bars to ensure authenticity. Consider the source of your silver, opting for reputable dealers with transparent pricing and certification. Compare rates across multiple vendors to find the best deal, especially during market fluctuations. Keep an eye on recent price trends to gauge the right time to buy or sell. Additionally, inquire about return policies and certification to safeguard your investment. Staying informed about local market conditions and maintaining proper documentation will help you make confident, well-informed purchases in Maharashtra.
Checklist
Local buying checklist
- Verify current rates.
- Check purity markings.
- Confirm dealer reputation.
- Request certification for purity.
- Compare prices from multiple vendors.
- Keep receipts and documentation.
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FAQ
Frequently asked questions
What is the current silver price in Mumbai?
As of 14 May 2026, silver for 999 purity is priced at ₹300 per gram, with other purities at ₹277.50 for 925 and ₹270 for 900.
How have silver prices changed recently?
Prices have increased from around ₹255 in mid-April to ₹305 for 999 purity by mid-May, showing a steady upward trend.
What should I check before buying silver in Mumbai?
Verify current rates, check purity markings, confirm dealer reputation, and request certification to ensure authenticity.
Are there any market risks I should be aware of?
Silver prices can fluctuate based on demand, economic factors, and market conditions. Staying updated helps manage potential risks.
Where can I buy silver in Mumbai?
Buy from reputable dealers with transparent pricing and proper certification, ensuring authenticity and fair rates.
Is it better to buy silver in bulk or small quantities?
Buying in bulk can sometimes offer better rates, but consider your storage capacity and investment goals before purchasing larger quantities.