Silver prices steady in Mumbai amid long term consolidation

Silver prices in Mumbai were steady today, with the metal priced at ₹2,95,000 per kilogram in local markets. Traders noted silver rates have remained relatively lacklustre in recent years despite a strong rally after the 2008 global financial crisis. Market participants said interest is gradually returning as investors reassess silver’s role amid commodity cycles, industrial demand, inflation hedging, and diversification needs in portfolios globally today