Silver Price in Mumbai Hits ₹2,55,900 per KG by August 7th

The price of silver in Mumbai has been fluctuating throughout August 2026. On August 1st, it opened at ₹2,50,900 per KG and rose to a high of ₹2,56,100 on August 6th before settling at ₹2,55,900 by August 7th.

Looking back at the month's trend, silver prices in Mumbai for August 2026 have been rising. In comparison to July, where the price fell from ₹2,61,100 to ₹2,39,900, this month has seen a steady increase.

Silver purity is typically expressed as fineness, indicating the percentage of pure silver in an alloy. Fine silver contains 99.9% silver content with minimal impurities, while sterling silver contains 92.5% silver and 7.5% other metals, usually copper.