Silver Rate in Mumbai Today, August 6, 2026: Silver Holds Firm at ₹240 Per Gram After Recent Upswing

Mumbai, August 6: Silver prices were steady in Mumbai on Thursday, with the metal showing no change after Wednesday’s rally. Retail rates remained at ₹240 per gram, while 1 kilogram of silver continued to trade at ₹2,40,000, suggesting the market has paused rather than reversed after its recent climb.

According to today’s rates, silver is selling at ₹240 per gram, unchanged from the previous session. Bulk buyers will also pay ₹2,40,000 for 1 kilogram, with prices holding firm for another day.

While there was no fresh increase today, silver has managed to hold on to Wednesday’s gains. That stability is often seen after a sharp move, as the market waits for fresh global cues before deciding its next direction.

Mumbai Silver Rate Today

After Wednesday’s Jump, Silver Takes a Pause

Not every trading session brings fresh highs or sharp declines. Sometimes, the market simply catches its breath—and that’s exactly what happened on Thursday.

After climbing by ₹5 per gram on Wednesday, silver spent the day holding steady at the new level. There were no signs of panic selling, but there wasn’t enough buying either to push prices any higher.

For consumers planning to buy silver jewellery or utensils, stable prices offer a small window before the market makes its next move. For investors, however, the bigger question is whether this pause is temporary or the beginning of another sideways phase.

Silver Price in Mumbai

What Would 10 Grams of Silver Jewellery Cost Today?

The quoted silver price covers only the value of the metal. Jewellery purchases also include making charges and GST.

Assuming 12% making charges and 3% GST, here’s what 10 grams of silver jewellery would roughly cost today:

The final amount may differ depending on the jeweller, design, making charges and wastage.

10-Day Silver Price Trend

The trend over the last 10 days shows just how quiet the silver market had been. Prices stayed frozen at ₹235 per gram for almost a week before Wednesday’s increase lifted the market to ₹240. Thursday didn’t bring another jump, but the fact that silver held its ground suggests buyers aren’t rushing to book profits just yet.

August Performance So Far

Silver’s August story has been one of patience rather than volatility. For the first four days of the month, prices barely moved. A single rally on Wednesday changed that, and Thursday’s session showed the market was comfortable holding those gains. While the move hasn’t been dramatic, it has been enough to keep the monthly trend in positive territory.

Why Do Silver Prices Change Every Day?

Silver is influenced by more than just jewellery demand. It is widely used in industries such as electronics, solar energy, electric vehicles and healthcare, making industrial demand a major factor behind its price movements.

Global precious metal prices, currency fluctuations, inflation expectations and geopolitical events also affect silver rates. Since both investors and industries drive demand, silver often reacts more quickly to market developments than gold.

Conclusion

Silver prices in Mumbai remained unchanged on Thursday, holding at ₹240 per gram and ₹2,40,000 per kilogram after Wednesday’s rally. While the market took a breather, it also showed little sign of giving up its recent gains. The next move will likely depend on global precious metal trends and industrial demand, which continue to shape silver prices both in India and overseas.

Source:

• Goodreturns | Silver prices updated for August 6, 2026.