Maharashtra Silver Prices Soar to ₹2,56,100 Amidst Volatility
Silver prices in Maharashtra have been volatile in August 2026, according to data from Business Today. The price opened at ₹2,50,900 per kilogram (KG) on August 1st and rose to a high of ₹2,56,100 by August 6th, before dropping to a low of ₹2,17,900 on the 5th.
The overall performance for August was rising, with prices increasing by ₹5200. This trend is part of a larger pattern seen in Maharashtra's silver market, where prices have been fluctuating throughout the year.
In May 2026, prices had risen to ₹2,98,000 per KG, while in June and July they fell to ₹2,44,900 and ₹2,39,900 respectively. The highest price seen in August was on the 6th, while the lowest was on the 5th.
It's worth noting that silver purity is typically expressed in fineness, indicating the percentage of pure silver in an alloy. For example, 999 fineness means 999 parts out of 1000 are pure silver.