Silver prices in Mumbai tracked the broader national decline on February 10, 2026, with rates easing sharply compared with the previous session.
As per the latest available data, silver in Mumbai was priced at Rs 2,900 per 10 grams. For higher quantities, the metal was quoted at Rs 29,000 per 100 grams and Rs 2,90,000 per kilogram. The rates reflect a significant day-on-day correction in line with the overall fall in domestic silver prices.
Silver prices across India dropped by Rs 10 per gram and Rs 10,000 per kilogram today, mirroring heightened volatility in global bullion markets. The correction comes after sharp price swings in international silver prices, where profit booking emerged following recent rallies.
Compared with cities such as Chennai, Hyderabad and Kerala—where silver is priced at Rs 3,000 per 10 grams—Mumbai continues to trade at relatively lower levels. City-wise variations in silver prices are generally driven by local taxes, transportation costs and regional demand-supply dynamics, despite a common national benchmark.
Domestic silver prices are primarily influenced by movements in international markets, currency fluctuations and import-related costs. Any sharp move in global silver prices tends to be quickly reflected in local city rates, particularly for bulk purchases such as 1 kg bars.
With silver witnessing increased volatility in recent sessions, market participants in Mumbai are closely monitoring global cues for further direction in prices.
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