India · Mumbai · 31 May 2026 · Market closed (weekend)
National rate · applies in Mumbai
| Purity | 8 g | 10 g | 100 g |
|---|---|---|---|
Pure (.999) | ₹2,132.00 | ₹2,665.00 | ₹26,650.00 |
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Difference is vs. previous trading day
| Date | 999 |
|---|---|
31 May 2026 Sunday | ₹266.50(-13.50) |
30 May 2026 Saturday | ₹280.00(0.00) |
29 May 2026 Friday | ₹280.00(+5.00) |
28 May 2026 Thursday | ₹275.00(-11.00) |
27 May 2026 Wednesday | ₹286.00(+1.10) |
26 May 2026 Tuesday | ₹284.90(-0.10) |
25 May 2026 Monday | ₹285.00(0.00) |
999 · INR per gram · always shows latest, independent of selected date
Same national 999 rate
The silver rate in Mumbai on 31 May 2026 is ₹266.50 per gram for 999 fine silver, which is ₹2,66,500.00 per kilogram. Unlike gold, silver in Mumbai is priced at the national rate — there is no separate city premium, so the figure above matches the rate quoted anywhere in India on the same day.
Local jewellers and bullion dealers in Mumbai take the same international silver spot price (quoted in USD per troy ounce on the London Bullion Market and COMEX), convert it to INR per gram, and add import duty and their own margin. MCX silver futures track the same underlying market, so day-to-day moves in Mumbai mirror the national trend exactly.
Zaveri Bazaar is also India's principal silver bullion trading centre, and the per-kilogram rate quoted there is effectively the national benchmark that other cities track.
Zaveri Bazaar in South Mumbai, near Crawford Market, is one of Asia's oldest and largest gold and jewellery markets and handles a large share of the country's bullion trade. Retail buyers across the metropolitan area are also served by showrooms in Dadar, Borivali and Ghatkopar.
999 fine silver (99.9% pure) is the bullion standard used for coins, bars and digital silver. It is too soft for daily-wear jewellery and tarnishes easily.
925 sterling silver (92.5% silver, 7.5% copper or other metals) is the global jewellery standard used by jewellers in Mumbai for chains, rings and bangles. The rate on this page is for 999; sterling pieces are priced at roughly 92.5% of the 999 value, plus making charges and GST.
Today's 999 silver rate in India is ₹266.50 per gram, which works out to ₹2,66,500.00 per kilogram.
999 silver (also called fine silver) is 99.9% pure. It is the international standard for bullion bars and coins. Most silver jewellery is sold as 925 (92.5%, "sterling silver") because pure silver is too soft for daily wear.
Silver tracks international spot prices, the USD/INR rate, and industrial demand. Unlike gold, silver has heavy industrial use (electronics, solar panels, batteries) so its price reacts to manufacturing cycles as well as investment flows.
In India, retail silver is most often quoted per kilogram because the per-gram value is small. This page shows both: per gram for direct comparison with gold, and per kilogram for bullion-scale buying.
Silver has historically tracked gold but with much higher volatility. It is cheaper per unit, which makes accumulation easier, but the spread between buy and sell prices is wider than for gold. Most Indian investors use silver as a satellite holding alongside gold rather than a core one.
Silver is treated as a national price in India — there is no significant city-level premium the way there is for gold. The rate on this page is the national reference.
