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.

Silver Rate in Mumbai Today, August 3, 2026: Prices Stay Unchanged

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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

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Disclaimer

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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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