Mumbai, Maharashtra • Regional Rate Desk
Silver Rate in Mumbai Today (17 September 2026)
Indicative daily physical retail silver benchmark for Mumbai. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹0/kg), and applicable statutory 3% retail GST.
Mumbai 1 Gram (999 Pure)
₹239.15
Incl. 3% GST • Base: ₹232.18Mumbai 10 Grams (Tola)
₹2,391.45
Popular Coin Weight • 925 Jewelry: ₹2,212.1Mumbai 1 Kilogram (Bar)Benchmark
₹2,39,145.4
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Mumbai Silver Price Table • 17 September 2026
Comparison across 999 Fine Bullion and 925 Sterling Jewelry Silver
| Denomination | 999 Pure (Base) | 999 Pure (Incl. 3% GST) | 925 Jewelry (Base) | 925 Jewelry (Incl. 3% GST) |
|---|---|---|---|---|
| 1 Gram | ₹232.18 | ₹239.15 | ₹214.77 | ₹221.21 |
| 8 Grams (Pavalam) | ₹1,857.44 | ₹1,913.16 | ₹1,718.13 | ₹1,769.67 |
| 10 Grams (Tola) | ₹2,321.8 | ₹2,391.45 | ₹2,147.67 | ₹2,212.1 |
| 100 Grams | ₹23,218 | ₹23,914.54 | ₹21,476.65 | ₹22,120.95 |
| 1 Kilogram (1000g) | ₹2,32,180 | ₹2,39,145.4 | ₹2,14,766.5 | ₹2,21,209.5 |
Local Silver Markets & Bullion Hubs in Mumbai
Prominent Jewellery & Bullion Quarters:
Zaveri BazaarKalbadeviDadar Bullion Market
Mumbai is India's principal bullion trading hub. Daily retail prices in Zaveri Bazaar directly track port import costs and MCX benchmark rates with minimal regional markup.
Buying Silver in Mumbai: Buyer Tips
- Always demand a computerized bill showing 3% GST breakdown.
- Verify the BIS Hallmark logo and purity stamp (999 or 925).
- Compare making charges across Zaveri Bazaar shops before purchasing silverware.
- For pure investment, consider 99.9% minted bars or Silver ETFs to bypass jewelry making loss.
Quick Silver Converter
Estimated Total Retail Price
₹2,391
Pure Metal Base Value (10g @ ₹232.18/g):₹2,322
Retail GST (3%):+₹70
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Frequently Asked Questions: Silver Rate in Mumbai
Important guidelines for purchasing and selling physical silver in Mumbai.
Today in Mumbai, 1kg of 999 fine silver is ₹2,39,145.4 (including 3% GST), and 10 grams costs ₹2,391.45. For 925 sterling jewelry silver, 10 grams is ₹2,212.1.