Silver Rate in Mumbai Today, August 4, 2026: Prices Stay Unchanged for Another Session

Mumbai, August 4: Silver prices were unchanged on Tuesday, extending the calm spell seen in the bullion market over the past several days. With international prices showing limited volatility and domestic buying remaining steady, silver continued to trade at the same levels as the previous session.

According to today’s rates, silver is priced at ₹235 per gram, while 1 kilogram is available at ₹2,35,000 in Mumbai.

Today’s Silver Rate in Mumbai

Silver Market Remains Quiet

Unlike gold, which often reacts quickly to geopolitical developments and central bank commentary, silver derives a significant portion of its demand from industries such as electronics, renewable energy and automobile manufacturing. That dual role—as both an industrial metal and an investment asset—means price movements are often influenced by a wider range of factors.

For now, those factors are largely balanced. Overseas silver prices have been stable, the rupee has seen limited fluctuations, and domestic demand has remained consistent. As a result, silver has spent the last few sessions trading within a narrow range.

Investors who want to participate in silver without buying physical bars or coins can also consider Silver ETFs, which closely track market prices while eliminating storage and purity concerns.

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Today’s Silver Price Comparison

Estimated Cost of 10 Grams of Silver Jewellery

The final bill may vary depending on the jeweller’s making charges, design complexity and applicable taxes.

Silver Rate Trend in Mumbai (Last 10 Days)

The recent trend paints a picture of a market that has settled after the correction seen towards the end of July. Prices have held steady at ₹2.35 lakh per kilogram for nearly a week, suggesting buyers and traders are waiting for fresh global cues before taking larger positions. Unless international bullion markets witness a sharp move, silver is likely to remain range-bound in the near term.

What Drives Silver Prices?

Silver prices in India are influenced by several domestic and global factors, including international spot prices, industrial demand, the rupee’s exchange rate against the US dollar, import duties and investor sentiment. Since silver is widely used in solar panels, semiconductors, electric vehicles and consumer electronics, changes in manufacturing activity can also have a noticeable impact on prices.

Conclusion

Silver prices in Mumbai remained unchanged on August 4, with the metal holding at ₹235 per gram and ₹2,35,000 per kilogram. The market has been remarkably stable over the past week, reflecting balanced demand and the absence of strong global triggers. While short-term volatility remains low, investors should keep an eye on international silver prices, currency movements and industrial demand, as these factors are likely to determine the next meaningful direction for the metal.

Source:

• https://www.goodreturns.in/silver-rates/mumbai.html