Silver Prices in Mumbai Hold Steady at ₹235 per Gram
Silver prices in Mumbai remained unchanged on August 4, holding steady at ₹235 per gram and ₹2.35 lakh per kilogram. The market has been remarkably stable over the past week, reflecting balanced demand and the absence of strong global triggers.
The recent trend paints a picture of a market that has settled after the correction seen towards the end of July. Prices have held steady at ₹2.35 lakh per kilogram for nearly a week, suggesting buyers and traders are waiting for fresh global cues before taking larger positions.
Silver prices in India are influenced by several domestic and global factors, including international spot prices, industrial demand, the rupee’s exchange rate against the US dollar, import duties and investor sentiment. As a result, silver has spent the last few sessions trading within a narrow range.