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

Call CA Tally HelpDesk +91 9205471661, 8368262875

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.

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

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

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

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.

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.

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

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)

C. Step 3: Set Standard Selling Rate

Inside Stock Item → Set Rate of Duty / Standard Rates

Enter today’s rate:
Example:

This helps auto-calculation during invoicing.

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.

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

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.

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

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.

Powered by Binarysoft Technologies
Authorized Tally Partner
Location : 1626/33, 1st Floor, Naiwalan, Karol Bagh, New Delhi – 110005, INDIA
Contact us : +91 7428779101, 9205471661, 8368262875
Email us :  tally@binarysoft.com (10:00 AM – 6:00 PM, Mon–Fri)

Frequently Asked Questions