Silver Rate Today in Central Mumbai (12 December 2025) – Zaveri Bazaar, Opera House, Malabar Hill, Kemps Corner & Dadar Jewellery Markets | Daily Live Rates & TallyPrime Implementation Guide

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Silver continues to be one of the most purchased precious metals in Central Mumbai—whether for investment, gifting, or jewellery. Markets like Zaveri Bazaar, Opera House – Charni Road, Malabar Hill, Kemps Corner, and Dadar Jewellery District are among the busiest silver-buying hubs in India.

This guide covers today’s silver rates, key buying locations, market behaviour, and how to implement silver rates in TallyPrime for jewellery traders, wholesalers and retailers.

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1. Silver Rate Today – 12 December 2025 (Central Mumbai)

Category	Price Today (Approx.)
Silver 999 (Fine Silver) per 1 Kg	₹ 82,300 – ₹ 82,900
Silver 925 Jewellery Grade	₹ 77,500 – ₹ 79,500 per kg
Silver Coins (10g) – 999 Purity	₹ 850 – ₹ 880
Silver Bars (1 Kg)	₹ 82,500 – ₹ 83,000

Rates vary slightly between shops depending on making charges, purity, and bullion volatility.

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2. Best Places to Buy Silver in Central Mumbai

A. Zaveri Bazaar (Kalbadevi / Bhuleshwar)

• India’s biggest bullion and silver wholesale market
• Lowest wholesale difference compared to retail
• Ideal for bulk buyers, jewellers & manufacturers

B. Opera House – Charni Road

• Famous for traditional Maharashtrian silver jewellery
• Best for bridal & festive purchases
• Many stores offering hallmark and certified silver

C. Malabar Hill & Kemps Corner

• Upscale jewellery boutiques
• Designer sterling silver items
• Premium charges due to location & brand value

D. Dadar Jewellery Market (East & West)

• Well-known for coins, pooja items & gifting silver
• Best place for quick buys and mid-range jewellery

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3. What Influences Silver Prices in Central Mumbai?

• Global Spot Silver Rates (COMEX)
• USD–INR Currency Exchange
• Local Bullion Demand (Wedding & Festive Seasons)
• Manufacturing Cost Fluctuations
• Government import duties

Mumbai being a key bullion hub sees prices update multiple times a day depending on the market movement.

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4. How to Implement Silver Rates in TallyPrime (Step-by-Step Guide)

Silver traders, jewellers, bullion dealers, and wholesalers can maintain live purchase & selling price updates in TallyPrime.

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A. Step 1: Enable Inventory Features

1. Open TallyPrime
2. Go to F11 → Inventory Features
3. Enable:
   • ✔ Maintain Inventory
   • ✔ Batch-wise details (if required)
   • ✔ Item-wise GST

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B. Step 2: Create Stock Item for Silver

Go to:

Gateway of Tally → Create → Stock Item

Fill details:

• Name: Silver 999 / Silver 925
• Under: Metals / Bullion
• Units: Kg / Gram
• GST: 3% (standard for precious metals)

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C. Step 3: Set Standard Selling Rate

Inside Stock Item → Set Rate of Duty / Standard Rates

Enter today’s rate:
Example:

Date	Standard Price	Price Level
12-12-2025	82,700 per kg	Retail
12-12-2025	82,300 per kg	Wholesale

This helps auto-calculation during invoicing.

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D. Step 4: Create Price Levels

Go to:

Gateway of Tally → Inventory Info → Price Levels → Create

Add:

• Retail
• Wholesale
• Festive Rate
• Dealer Rate

Useful for fast billing.

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E. Step 5: Record Purchase & Sale with Updated Silver Rate

Purchase Voucher

• Select supplier
• Select Silver item
• Enter Rate per Kg
• GST auto-calculated

Sales Voucher

• Select customer
• Select price level
• Tally auto-fills correct silver price according to your item settings

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F. Step 6: Silver Stock Valuation

Check:

Gateway of Tally → Display → Inventory Books → Stock Summary

You get:

• Current stock
• Latest value
• Profit/Margin

Jewellers can manage daily silver fluctuation easily through batch prices or standard selling rates.

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5. Why Jewellers & Bullion Traders Prefer TallyPrime?

• ✔ Auto-GST calculation for silver items
• ✔ Batch & purity management (999, 925, 900, etc.)
• ✔ Price level billing
• ✔ Real-time profit tracking
• ✔ Multi-godown stock control
• ✔ Barcode & weight-wise inventory

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FAQs – Silver Rate Today in Central Mumbai

1. Why are silver prices different in different markets of Mumbai?

Due to:

• Varying making charges
• Brand/location premiums
• Bulk vs retail margins

Zaveri Bazaar usually has the lowest margin.

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