Silver Price Today, November 2, 2026: Rate Falls Rs 100 per 10 gm to Rs 2,000 in All 10 Cities

New Delhi, Nov 2: Silver is priced at Rs. 2,000 for 10 grams in all 10 cities tracked by Goodreturns.in on Monday, which makes it Rs. 20,000 for 100 grams. That is Rs. 100 lower than Friday’s Rs. 2,100 in every city, a fall of about 4.8 per cent. It is also Rs. 150 below Thursday’s Rs. 2,150 and Rs. 200 below Wednesday’s Rs. 2,200, a fall of about 9.1 per cent in under a week. 

Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad fell from Rs. 2,100 to Rs. 2,000 per 10 grams. Chennai, Hyderabad and Kerala fell by the same Rs. 100, so all 10 cities remain at one price. The 100 gram rate of Rs. 20,000 is identical everywhere and is Rs. 1,000 lower than on Friday. 

On a per-gram basis, silver is at Rs. 200, which is Rs. 10 less than the Rs. 210 of Friday. One kilogram of silver costs Rs. 2,00,000, which is Rs. 10,000 less than Friday’s Rs. 2,10,000 for bulk buyers, a fall of about 4.8 per cent. The national rate is the same as the rate in each of the 10 cities. 

Silver price in India follows international prices, which can move the 10 gram rate in either direction, while local demand and supply play only a marginal role in city-level rates. In the seven cities, the rate fell from Rs. 2,300 on Wednesday, October 21, to Rs. 2,250 on Thursday and Rs. 2,200 on Friday, held there for four sessions, and then slipped to Rs. 2,150, Rs. 2,100 and now Rs. 2,000. That is Rs. 300, or about 13.0 per cent, below the October 21 level, a steady slide rather than a one-day move. 

Equities rallied on Monday. The Nifty 50 was at 23,329.25 around 10:28 am, up 276.15 points or 1.20 per cent from Friday’s close of 23,053.10. 

City-Wise Prices 

Silver prices in 10 cities across India on Friday, October 30, and Monday, November 2, per 10 grams, with the difference. All 10 cities are down Rs. 100. 

City	Fri, Oct 30	Mon, Nov 2	Diff
Chennai	₹2,100	₹2,000	-₹100
Mumbai	₹2,100	₹2,000	-₹100
Delhi	₹2,100	₹2,000	-₹100
Kolkata	₹2,100	₹2,000	-₹100
Bangalore	₹2,100	₹2,000	-₹100
Hyderabad	₹2,100	₹2,000	-₹100
Kerala	₹2,100	₹2,000	-₹100
Pune	₹2,100	₹2,000	-₹100
Vadodara	₹2,100	₹2,000	-₹100
Ahmedabad	₹2,100	₹2,000	-₹100

Source: Goodreturns.in 

These are rates for the metal alone. Silver jewellery costs more once making charges and 3% GST are added. On a 10 gram purchase at Rs. 2,000, the GST alone comes to Rs. 60, which takes the cost to Rs. 2,060 before making charges. On 100 grams at Rs. 20,000, the GST comes to Rs. 600. Making charges vary by jeweller and come on top, so buyers should compare quotes before they pay. 

With Dussehra behind us and Dhanteras and Diwali only days away, coins, idols and utensils tend to draw buyers. At Rs. 2,000 per 10 grams, 50 grams of silver costs Rs. 10,000 and 100 grams costs Rs. 20,000 before charges. Buyers waiting for a dip have now seen the rate fall three times in four sessions. The question is whether Rs. 2,000 holds or the slide continues. 

Against gold, silver is also cheaper. With 24-carat gold in Delhi at Rs. 1,39,520 per 10 grams, a 10 gram unit of gold costs about 70 times a 10 gram unit of silver, up from about 68 on Friday. Gold fell about 2.0 per cent from Friday, while silver fell about 4.8 per cent. Traders watch this ratio to judge which metal looks cheaper, though it is only one input and does not predict direction. 

Jewellery Stocks Today 

Jewellery stocks were mostly higher in morning trade on Monday as the Nifty 50 rallied 1.20 per cent. Senco Gold (SENCO) gained 1.71 per cent, Vaibhav Global (VAIBHAVGBL) 0.51 per cent and PN Gadgil Jewellers (PNGJL) 0.12 per cent, while Silgo Retail (SILGO) fell 0.37 per cent. Only Senco Gold beat the benchmark index. 

Company	Ticker	Price	Change
Senco Gold	SENCO	₹298.05	+₹5.00 (+1.71%)
PN Gadgil Jewellers	PNGJL	₹559.20	+₹0.65 (+0.12%)
Silgo Retail	SILGO	₹70.07	-₹0.26 (-0.37%)
Vaibhav Global	VAIBHAVGBL	₹157.75	+₹0.80 (+0.51%)

Source: NSE market data 

Senco Gold was trading at ₹298.05 around 10:28 am, up ₹5.00 from Friday’s close of ₹293.05. It opened at ₹293.05, the same as the previous close, dipped to a low of ₹292.00 and then rallied through the morning to a high of ₹299.15, 2.1 per cent above the previous close. It is above its volume-weighted average price (VWAP) of ₹296.30. PN Gadgil Jewellers opened at ₹560.55 against a previous close of ₹558.55, fell to a low of ₹552.60, 1.1 per cent below the previous close, and recovered to a high of ₹564.40, 1.0 per cent above it. It is at ₹559.20, up ₹0.65, and just above its VWAP of ₹558.54. 

Silgo Retail opened at ₹70.99 against a previous close of ₹70.33, a gap-up of about 0.9 per cent, and that opening price was also its high. It then slid to a low of ₹69.70. It is at ₹70.07, down ₹0.26, and below its VWAP of ₹70.12. Vaibhav Global opened at ₹158.00 against a previous close of ₹156.95 and fell to a low of ₹154.49, 1.6 per cent below the previous close, before recovering to a high of ₹158.70, 1.1 per cent above it. It is at ₹157.75, up ₹0.80, and above its VWAP of ₹157.12. 

Order books were sell-heavy across all four stocks. Vaibhav Global had 62.91 per cent on the sell side, with 1,65,521 shares against 97,584 on the buy side. Silgo Retail was at 60.49 per cent sell, PN Gadgil Jewellers at 56.01 per cent sell and Senco Gold at 55.72 per cent sell. 

Investors looking to diversify beyond physical silver can also explore the list of Silver ETFs in India, which allow exposure to silver prices without the need to store physical metal: https://hdfcsky.com/etf/silver-etf 

Gold Rates Today 

Gold also fell compared with Friday, with 24-carat gold in Delhi at ₹1,39,520 per 10 grams, down ₹2,890 from ₹1,42,410. 22-carat gold was at ₹1,27,900, down ₹2,650, and 18-carat gold was at ₹1,04,680, down ₹2,160. In Mumbai and Kolkata, 24-carat gold was at ₹1,39,370 and 22-carat gold at ₹1,27,750. 

Source

• Goodreturns.in
• NSE market data
• Rates are indicative and subject to change; confirm with your local dealer before purchase.