Silver prices in Mumbai traded lower on Wednesday, May 20, amid continued volatility in global precious metal markets, rising crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.
According to the latest rates, silver in Mumbai was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.
International silver prices remained under pressure after falling more than 5% in the previous session. Silver traded below $75 an ounce as investors continued monitoring geopolitical developments, inflation concerns and expectations surrounding higher interest rates.
Market sentiment remained cautious after US President Donald Trump warned that the US could resume strikes on Iran within “two or three days” if Tehran failed to accept Washington’s proposed peace terms.
The prolonged conflict has also kept focus on disruptions around the Strait of Hormuz, pushing crude oil prices higher and increasing inflation concerns globally.
Silver has also surrendered gains seen earlier this month that were supported by optimism surrounding AI related demand and stronger consumption from data centre infrastructure related industries.
Silver rate today in Mumbai
| Quantity | Today Price |
|---|---|
| 10 gram | Rs 2,800 |
| 100 gram | Rs 28,000 |
| 1 kilogram | Rs 2,80,000 |
Silver price movement today
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 280 | Rs 285 | – Rs 5 |
| 10 gram | Rs 2,800 | Rs 2,850 | – Rs 50 |
| 100 gram | Rs 28,000 | Rs 28,500 | – Rs 500 |
| 1 kilogram | Rs 2,80,000 | Rs 2,85,000 | – Rs 5,000 |
Why silver prices are falling today
Silver prices continue to react to movements in crude oil prices, US Treasury yields, inflation expectations and geopolitical developments.
Higher energy prices linked to tensions in West Asia have increased inflation concerns, while expectations of elevated interest rates have pressured sentiment across precious metal markets.
Analysts said silver prices are likely to remain volatile in the near term as investors monitor geopolitical developments, Federal Reserve signals and global commodity market trends.
Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.