Silver Price in Maharashtra Hits Record High Amid Market Volatility

The monthly silver price trend in Maharashtra for August 2026 saw significant fluctuations. The month opened at ₹2,50,900 per KG on August 01, with prices reaching a high of ₹2,61,000 on August 9 and a low of ₹2,17,900 on August 5. By the end of the month, the rate had settled at ₹2,60,900 per KG.

A comparison of this trend to previous months reveals that silver prices have been rising steadily in recent months. In May 2026, the price reached a high of ₹3,28,100 before falling to ₹2,98,000 by the end of the month. This upward momentum continued into June and July, with prices reaching ₹2,98,000 and ₹2,77,900 respectively.

The trend in silver prices is influenced by various market and economic factors. Silver purity is typically expressed as a percentage of pure silver content in an alloy, with 999 fineness indicating 99.9% silver content. The pricing of silver includes the base price, making charges, and 3% GST.