Silver Prices in Mumbai Slip to ₹101.80 per Gram: Mild Correction Observed!

Silver Price in Mumbai Declines Slightly

At 10:30 AM on April 28, 2025, the silver price in Mumbai witnessed a minor dip after showing stability earlier. Prices have decreased slightly compared to the previous close.

Here's how the silver rate today is shaping up across major Indian cities:

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Here's how the silver rate today is shaping up across major Indian cities:

Silver Price Today in Mumbai: In Mumbai, the silver price today has softened. The current silver rate is ₹101.80 per gram.

Silver Price Today in Chennai: Chennai has recorded a higher rate. The silver price today in Chennai is ₹111.80 per gram.

Silver Price Today in Bangalore: The silver price today in Bangalore stands at ₹101.80 per gram, mirroring Mumbai's movement.

Silver Price Today in Hyderabad: In Hyderabad, the silver rate today is ₹111.80 per gram, consistent with Chennai and Kerala.

Silver Price Today in Kerala: The silver price today in Kerala is ₹111.80 per gram, aligning with Hyderabad and Chennai.

Recent Silver Price Trends in Mumbai

Silver has experienced slight fluctuations over the last few sessions, with prices slipping today on April 28. Here’s a quick look at the recent trend over the past few days:

• April 28: Silver price eased to ₹101.80 per gram.
• April 27: Silver price remained flat at ₹101.90 per gram.
• April 26: Silver prices rose slightly to ₹101.90 per gram.
• April 25: Silver price stayed steady at ₹100.90 per gram.
• April 24: Silver prices remained flat at ₹100.90 per gram.
• April 23: Silver prices stayed steady at ₹101.00 per gram.
• April 22: Silver prices held firm at ₹101.00 per gram.
• April 21: Silver price saw a slight increase to ₹101.00 per gram.
• April 20: Silver stayed steady at ₹100.00 per gram.
• April 19: Silver stayed steady at ₹100.00 per gram.

Conclusion

After stabilizing around ₹101 per gram, silver prices in Mumbai have seen a mild correction, now standing at ₹101.80 per gram today. The overall trend in April 2025 indicates a 3.05% decline, with the highest rate at ₹1,05,000 per kg on April 1 and the lowest at ₹93,000 per kg on April 9. While silver has struggled in recent years, cautious optimism remains supported by steady industrial demand and global market cues. Investors will keep a close watch on upcoming economic data and commodity trends to predict future movements.