Silver Prices in Mumbai Steady at ₹101 per Gram: A Glimmer of Stability!

Silver Price in Mumbai Remains Stagnant

At 10:30 AM on April 23, 2025, the silver price in Mumbai showed signs of stability after recent fluctuations. Prices have remained unchanged since the previous close. Here's how the silver rate today is shaping up across major Indian cities:

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• Silver Price Today in Mumbai: In Mumbai, the silver price today remains steady. The current silver rate is ₹101.00 per gram.
• Silver Price Today in Chennai: Chennai has recorded a slightly higher rate. The silver price today in Chennai is ₹108.00 per gram.
• Silver Price Today in Bangalore: The silver price today in Bangalore stands at ₹97.10 per gram, reflecting stable demand.
• Silver Price Today in Hyderabad: In Hyderabad, the silver rate today is ₹108.00 per gram, aligning with other major cities.
• Silver Price Today in Kerala: The silver price today in Kerala is ₹108.00 per gram, consistent with Hyderabad and Chennai.
• Silver Price Today in Delhi: Silver prices in Delhi are marginally lower. The silver price today in Delhi is ₹97.10 per gram.

Recent Silver Price Trends in Mumbai

Silver has experienced mild volatility over the last few sessions before stabilizing today on April 23. Here’s a quick look at the recent trend over the past few days:

• April 22: Silver price remained flat at ₹101 per gram.
• April 21: Silver prices saw a slight increase to ₹101 per gram, up ₹1 from the previous day.
• April 20: Silver prices stayed steady at ₹100 per gram.
• April 19: Silver prices held firm at ₹100 per gram.
• April 18: The sideways trend continued with silver at ₹100 per gram.

Conclusion

After a period of lackluster performance in recent years, silver prices in Mumbai have shown signs of stabilization, hovering around ₹101.00 per gram today. The market reflects cautious investor sentiment, with prices unchanged from yesterday. While the overall trend in April 2025 indicates a 3.81% decline, with the highest rate at ₹105,000 per kg on April 1 and the lowest at ₹93,000 per kg on April 9, steady industrial demand and global commodity cues are supporting current levels. Market participants will continue to monitor global economic indicators and domestic demand to anticipate future movements in silver prices.