Silver Rate in Mumbai Today, August 3, 2026: Prices Stay Unchanged
Authored By HDFC SKY | Published at: Aug 3, 2026 02:16 PM IST
Silver prices in Mumbai were unchanged on August 3, with the metal continuing to trade at ₹235 per gram and ₹2,35,000 per kilogram. Rates have remained at the same level for several sessions after the correction seen towards the end of July.
Mumbai, August 3: Silver prices saw no movement in Mumbai on Monday, with retail rates holding at the previous day’s level. The white metal has traded in a tight range over the past few sessions, following the decline recorded in the final week of July.
As per today’s rates, silver is priced at ₹235 per gram, while 1 kilogram is selling at ₹2,35,000 in the retail market.
Today’s Silver Rate in Mumbai
| Weight | Price |
| 1 gram | ₹235 |
| 10 grams | ₹2,350 |
| 100 grams | ₹23,500 |
| 1 kilogram | ₹2,35,000 |
Silver Prices Hold Firm
There hasn’t been much movement in domestic silver prices over the last few days. While global bullion markets continue to react to economic data and currency movements, retail silver rates in India have remained largely stable.
Investors who want exposure to silver without purchasing the physical metal can consider Silver ETFs. These funds mirror domestic silver prices and eliminate concerns around storage, insurance and purity.
Explore Silver ETFs:https://hdfcsky.com/etf/silver-etf
Today’s Silver Price Comparison
| Weight | Today | Yesterday | Change |
| 1 gram | ₹235 | ₹235 | No Change |
| 8 grams | ₹1,880 | ₹1,880 | No Change |
| 10 grams | ₹2,350 | ₹2,350 | No Change |
| 100 grams | ₹23,500 | ₹23,500 | No Change |
| 1 kilogram | ₹2,35,000 | ₹2,35,000 | No Change |
Estimated Cost of 10 Grams of Silver Jewellery
| Component | Amount |
| Silver Value | ₹2,350 |
| Making Charges (12%) | ₹282 |
| GST (3%) | ₹79 |
| Estimated Total | ₹2,711 |
Making charges differ across jewellers and may vary depending on the design and craftsmanship.
Silver Price Trend Over the Last 10 Days
| Date | 10 Gram | 100 Gram | 1 KG |
| Aug 3 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Aug 2 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Aug 1 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 31 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 30 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 29 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 28 | ₹2,350 | ₹23,500 | ₹2,35,000 (-₹5,000) |
| Jul 27 | ₹2,400 | ₹24,000 | ₹2,40,000 (0) |
| Jul 26 | ₹2,400 | ₹24,000 | ₹2,40,000 (0) |
| Jul 25 | ₹2,400 | ₹24,000 | ₹2,40,000 (+₹5,000) |
The price trend shows that silver has barely moved over the past week. Before that, rates slipped from ₹2.40 lakh per kg to ₹2.35 lakh per kg, after which the market settled into a stable range. Unless there’s a major trigger from overseas markets or currency movements, prices are likely to remain range-bound in the near term.
What Influences Silver Prices?
Silver prices are shaped by a mix of global and domestic factors. International bullion prices, industrial demand, the rupee’s exchange rate against the US dollar and investor sentiment all play a role. Local demand from jewellers, festive buying and broader market conditions can also influence retail prices.
Conclusion
Silver prices in Mumbai remained unchanged on August 3, with the metal continuing to trade at ₹235 per gram and ₹2,35,000 per kilogram. The recent trend points to a stable domestic market after the correction seen in late July, though prices could respond quickly if global bullion markets witness fresh volatility.
Source:
- https://www.goodreturns.in/silver-rates/mumbai.html
Disclaimer
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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