What is the silver price per kg in Mumbai?

1 kilogram of silver in Mumbai is priced at ₹232,850 today, excluding GST.

What is the silver price in Mumbai including GST?

With 3% GST, the silver rate in Mumbai today is ₹239.84 per gram (₹239,836 per kilogram).

Silver Rate in Mumbai Today | ₹232.85/g

Q: What is the silver rate in Mumbai today?

The silver rate in Mumbai today is ₹232.85 per gram (₹232,850 per kilogram) as of 11 June 2026.

Q: What is 1 tola silver price in Mumbai?

1 tola (11.66 grams) of silver in Mumbai costs ₹2715.92 today.

Per Gram

₹232.85

Base (excl. GST)

Per Kilogram

₹232,850

Bullion rate

Incl. 3% GST

₹239.84

After-tax retail

Per Tola (11.66g)

₹2,715.92

Traditional unit

Per Troy Ounce

₹7,242.45

International unit

925 Sterling / g

₹215.39

Jewelry-grade silver

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30-Day Price Chart

Price Range

7-Day Range

₹230.36₹236.02

30-Day Range

₹226.46₹240.85

All Weight Conversions

Weight	Base Price	Incl. GST (3%)	925 Sterling
1 Gram	₹232.85	₹239.84	₹215.39
5 Grams	₹1,164.25	₹1,199.18	₹1,076.93
10 Grams	₹2,328.50	₹2,398.36	₹2,153.86
1 Tola (11.66g)	₹2,715.92	₹2,797.40	₹2,512.23
100 Grams	₹23,285.00	₹23,983.55	₹21,538.62
500 Grams	₹116,425.00	₹119,917.75	₹107,693.12
1 Kilogram	₹232,850	₹239,836	₹215,386
1 Troy Oz	₹7,242.45	₹7,459.72	₹6,699.27

Market Analysis

Daily Summary

Today, silver prices in Mumbai are trading at Rs.232.85 per gram, marking a 0.48% increase from yesterday's closing price.

Expert Insight

The rise in silver prices is influenced by a softer USD/INR exchange rate and accommodative monetary policies from the Federal Reserve. Additionally, robust demand from solar and EV sectors globally continues to provide underlying support for silver prices.

Buying Guide — Mumbai

For buyers in Mumbai, it's advisable to look for BIS hallmark certified silver products ensuring purity. Investors may consider ETFs for easier trading and storage, whereas physical silver is ideal for those seeking tangible assets.

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Frequently Asked Questions

What is the silver rate in Mumbai today? +

The silver rate in Mumbai today is ₹232.85 per gram and ₹232,850 per kilogram as of 11 June 2026. This is the base price excluding GST. With 3% GST, the effective price is ₹239.84/gram.

What is 1 tola silver price in Mumbai? +

1 tola equals 11.6638 grams. At today's rate of ₹232.85/gram, the price of 1 tola of silver in Mumbai is ₹2,715.92.

How does Mumbai silver rate compare to other cities? +

Silver prices vary slightly across Indian cities due to local taxes, transport costs, and dealer margins. Mumbai is currently priced at ₹232.85/gram. Use our city comparison tool to see the exact difference with any other city.

Is there GST on silver purchases in Mumbai? +

Yes, a 3% GST applies on all silver purchases in India including Mumbai. At today's rate, the GST-inclusive price is ₹239.84/gram (₹239,836/kg). Always collect a GST invoice — it's required for resale.