Silver Rate in Mumbai Today, July 15, 2026: Silver Prices Remain Flat at ₹235 Per Gram 

Mumbai, July 15: Silver prices were unchanged in Mumbai on Wednesday, extending a period of stability after the sharp swings witnessed earlier this month. Unlike gold, which recovered during the day, silver showed no movement, suggesting traders are waiting for stronger domestic or international triggers before taking fresh positions. 

According to today’s retail rates, silver is priced at ₹235 per gram, unchanged from the previous trading session. On a larger scale, 1 kilogram of silver continues to trade at ₹2,35,000, with no change compared to Tuesday. 

While flat prices may not grab headlines, they offer certainty for buyers planning purchases. Those looking to buy silver jewellery, coins or bars won’t have to worry about overnight price fluctuations for now. 

Mumbai Silver Rate Today 

Silver Takes a Breather After Early-July Volatility 

Silver has witnessed a mixed month so far. 

The metal began July at stronger levels and traded as high as ₹245 per gram during the opening week. However, profit booking and softer global commodity prices gradually pulled rates lower before the market settled into a narrow trading range. 

For the fifth consecutive session, silver has remained unchanged at ₹235 per gram, indicating that buyers and sellers are currently in balance. 

Although prices haven’t recovered to the month’s peak, they have also avoided any further declines over the past few days. This stability could prove helpful for retail buyers waiting for more clarity before making large purchases. 

If you’re looking to invest in silver without purchasing physical bars or coins, you can also check the list of Silver ETFs in India: https://hdfcsky.com/etf/silver-etf 

Silver Price in Mumbai Today 

What Would 10 Grams of Silver Jewellery Cost Today? 

The quoted silver rate reflects only the metal’s value. Making charges and GST are added separately when purchasing silver jewellery. 

Based on today’s rates, assuming 12% making charges and 3% GST, here’s an estimate: 

The final amount may vary depending on the jeweller, jewellery design and making charges applied. 

10-Day Silver Price Trend 

• July 15: ₹2,35,000 (No Change) 

• July 14: ₹2,35,000 (No Change) 

• July 13: ₹2,35,000 (No Change) 

• July 12: ₹2,35,000 (No Change) 

• July 11: ₹2,35,000 (-₹5,000) 

• July 10: ₹2,40,000 (+₹5,000) 

• July 9: ₹2,35,000 (-₹10,000) 

• July 8: ₹2,45,000 (No Change) 

• July 7: ₹2,45,000 (No Change) 

• July 6: ₹2,45,000 (-₹5,000) 

Unlike gold, silver has spent the last few sessions moving sideways. After correcting during the second week of July, prices have settled around the ₹235-per-gram mark, suggesting the market is waiting for a fresh catalyst before deciding its next direction. 

July Performance So Far 

Silver has lost nearly 4% since the beginning of July, reflecting the broader correction seen in precious metals. However, the absence of further declines over the past five sessions suggests the market may be trying to establish a short-term support level around current prices. 

Why Do Silver Prices Change Every Day? 

Silver prices are influenced by both investment demand and industrial consumption. Global silver prices, manufacturing activity, demand from the solar and electronics industries, movements in the rupee against the US dollar, import costs and broader economic conditions all contribute to daily price fluctuations. 

Because silver has significant industrial applications, it often experiences larger price swings than gold when global economic expectations change. 

Conclusion 

Silver prices in Mumbai remained unchanged on July 15, holding steady at ₹235 per gram and ₹2,35,000 per kilogram for the fifth straight trading session. While the market has paused after recent volatility, prices remain below the highs recorded earlier this month, giving buyers an opportunity to purchase at comparatively lower levels. Investors will continue watching global commodity markets for signs of the next major move. 

Source:

•  Goodreturns | Silver prices updated for July 15, 2026.