Silver Prices Today, November 4, 2026: Rate Steady at ₹2,000 per 10 gm on Wednesday; Senco Gold Jumps 1.65%

New Delhi, Nov 4: Silver prices held at Rs 2,000 per 10 grams on Wednesday, according to Goodreturns.in. That works out to Rs 200 per gram and Rs 20,000 per 100 grams, while one kilogram of silver costs Rs 2,00,000. The rate is the same in all 10 major cities tracked, from Chennai to Ahmedabad. These are bullion rates and do not include taxes or making charges. 

Silver prices in India are linked to international prices, which can move in either direction, and local dealers adjust their rates accordingly. Tuesday’s city-wise listings also showed silver at Rs 2,00,000 per kilogram, so today’s rate is unchanged from the previous session. It is the third straight session at Rs 2,000 per 10 grams, after a Rs 100 cut on Monday. 

Several factors move the rate from day to day, including international silver prices, the rupee and expectations for US interest rates. The US Federal Reserve left rates unchanged on October 28, after raising them by 25 basis points in September to 3.75%-4.00%. 

For a buyer of 10 grams, the price is Rs 2,000 before taxes. A purchase of 20 grams costs Rs 4,000 and 50 grams costs Rs 10,000. Anyone buying 100 grams will pay Rs 20,000. 

On a per-gram basis, silver is at Rs 200. For bulk buyers, one kilogram costs Rs 2,00,000, and the same rate applies in Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Vadodara and Ahmedabad as well as Chennai. A 5-kilogram purchase would cost Rs 10,00,000 at today’s rate. 

Silver has weakened over the past month. Anand Rathi’s silver tracker showed Rs 2,20,000 per kilogram on October 27 and Rs 2,35,000 on October 1. Against those levels, today’s Rs 2,00,000 is Rs 20,000 or about 9.09% lower than on October 27 and Rs 35,000 or about 14.89% lower than on October 1. In 10-gram terms, that is Rs 200 and Rs 350 less. 

Silver is far cheaper than gold, but gold has also slipped from its October 12 peak. A gram of 24-carat gold costs Rs 13,991 today, about 70 times the Rs 200 for a gram of silver. 

Silverware and jewellery will cost more once making charges and 3% GST are added. GST alone comes to about ₹60 on 10 grams of silver, ₹600 on 100 grams and ₹6,000 on a kilogram. 

With Dhanteras and Diwali only days away, silver coins, bars and utensils are traditional purchases at this time of year. At today’s rate, a 50-gram silver coin or bar costs ₹10,000 before making charges and GST. 

City-Wise Silver Rates Today 

The table below lists silver rates for 10 major Indian cities for 10 grams, 100 grams and one kilogram. All ten cities show the same rates today, as they did on Tuesday. On some days earlier this year, Chennai, Hyderabad and Kerala quoted silver Rs 5,000 per kilogram higher than other cities, but no such gap is visible now. 

Silver: 10 Major Cities (10 gm, 100 gm and 1 kg) 

City	10 gm	100 gm	1 kg
Chennai	₹2,000	₹20,000	₹2,00,000
Mumbai	₹2,000	₹20,000	₹2,00,000
Delhi	₹2,000	₹20,000	₹2,00,000
Kolkata	₹2,000	₹20,000	₹2,00,000
Bangalore	₹2,000	₹20,000	₹2,00,000
Hyderabad	₹2,000	₹20,000	₹2,00,000
Kerala	₹2,000	₹20,000	₹2,00,000
Pune	₹2,000	₹20,000	₹2,00,000
Vadodara	₹2,000	₹20,000	₹2,00,000
Ahmedabad	₹2,000	₹20,000	₹2,00,000

Source: Goodreturns.in 

There is no city-level premium or discount in silver today. Gold is different: Delhi charges Rs 150 more per 10 grams of 24-carat gold than the Mumbai cluster of cities, and Vadodara and Ahmedabad charge Rs 50 more. 

Jewellery Stocks Today 

Jewellery stocks were higher across the board in early trade on Wednesday, even as the Nifty 50 made only small gains. The Nifty 50 was at 23,840.70 around 10:46 am, up 29.85 points or 0.13 per cent from Tuesday’s close of 23,810.85. Senco Gold rose 1.65 per cent, Silgo Retail advanced 1.06 per cent, Vaibhav Global gained 1.01 per cent and PN Gadgil Jewellers added 0.74 per cent. 

Company	Ticker	Price	Change
Senco Gold	SENCO	₹305.30	+₹4.95 (+1.65%)
PN Gadgil Jewellers	PNGJL	₹579.80	+₹4.25 (+0.74%)
Silgo Retail	SILGO	₹70.83	+₹0.74 (+1.06%)
Vaibhav Global	VAIBHAVGBL	₹157.81	+₹1.58 (+1.01%)

Source: NSE market data 

Senco Gold was the strongest. It opened at ₹299.65 against a previous close of ₹300.35, 0.23 per cent lower, and fell to a low of ₹297.55, 0.93 per cent below it, in the first few minutes. It then rallied steadily to a high of ₹306.40, 2.01 per cent above the previous close. It is trading at ₹305.30, up ₹4.95 or 1.65 per cent, and above its volume-weighted average price (VWAP) of ₹303.55. 

Silgo Retail opened higher at ₹71.39 against a previous close of ₹70.09, a gap-up of 1.85 per cent, and has stayed above the previous close all morning. It has moved between a low of ₹70.80, 1.01 per cent above the previous close, and a high of ₹71.58, 2.13 per cent above it. It is at ₹70.83, up ₹0.74 or 1.06 per cent, but below its VWAP of ₹71.01. 

Vaibhav Global’s previous close of ₹157.73 has been adjusted to ₹156.23, which usually reflects a corporate action such as a dividend; the day’s change is measured from that level. The stock opened at ₹157.40 and dropped to a low of ₹155.10 soon after, 0.72 per cent below the adjusted close. It then recovered to a high of ₹158.76, 1.62 per cent above it. It is at ₹157.81, up ₹1.58 or 1.01 per cent, and above its VWAP of ₹157.47. 

PN Gadgil Jewellers opened higher at ₹577.00 against a previous close of ₹575.55, then slid to a low of ₹568.55, 1.22 per cent below the previous close, soon after the open. It spent much of the morning below the previous close before a rally after 10:15 am lifted it to a high of ₹581.75, 1.08 per cent above it. It is at ₹579.80, up ₹4.25 or 0.74 per cent, and above its VWAP of ₹576.43. 

Silver stood completely still on Wednesday, yet all four jewellery counters gained. All four beat the Nifty 50, which was up 0.13 per cent, with Senco Gold well ahead. The Nifty 50 has risen about 3.4 per cent in three sessions, from Friday’s close of 23,053.10. With silver flat for a third day, the gains owe little to the metal. 

Order book data was mixed. Sellers led on PN Gadgil Jewellers at 66.47 per cent, with 69,426 shares against 35,019 on the buy side, and on Senco Gold at 55.84 per cent, with 1,46,583 shares against 1,15,935. Buyers led on Silgo Retail at 60.47 per cent, with 10,348 shares against 6,766, and on Vaibhav Global at 53.98 per cent, with 1,01,428 shares against 86,466. 

Gold Rates Today 

24-carat gold costs Rs 1,39,910 per 10 gm (Rs 13,991 per gram) in most cities, up Rs 270 from Tuesday. 

22-carat gold is at Rs 1,28,250 per 10 gm (Rs 12,825 per gram), up Rs 250. 

18-carat gold is at Rs 1,04,930 per 10 gm (Rs 10,493 per gram), up Rs 200. 

Delhi is the costliest city, with 24-carat gold at Rs 1,40,060 per 10 gm, Rs 150 above the Mumbai cluster. 

Source

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