Silver Prices Today: Rate Falls ₹50 to ₹2,050 per 10 gm on Friday; Senco Gold Gains 1.10%

New Delhi, Nov 6: Silver prices fell to Rs 2,050 per 10 grams on Friday, according to Goodreturns.in. That is Rs 50, or 2.38 per cent, lower than Thursday’s rate of Rs 2,100 per 10 grams. The new rate works out to Rs 205 per gram and Rs 20,500 per 100 grams, while one kilogram of silver costs Rs 2,05,000, against Rs 2,10,000 a day earlier. 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. Thursday’s city-wise listings showed silver at Rs 2,10,000 per kilogram, so today’s rate is Rs 5,000 lower per kilogram than in the previous session. The fall gives back half of the Rs 100 that silver gained per 10 grams on Thursday. 

Several factors move the rate from day to day, including international silver prices, the rupee and expectations for US interest rates. The rupee looks firmer today, with USD/INR November futures at ₹94.3100 around 11:00 am, against ₹94.6600 at 11:18 am on Thursday. A stronger rupee lowers the rupee cost of imported silver. 

For a buyer of 10 grams, the price is Rs 2,050 before taxes, which is Rs 50 less than the Rs 2,100 a buyer paid on Thursday. A purchase of 20 grams costs Rs 4,100 against Rs 4,200 on Thursday, and 50 grams costs Rs 10,250 against Rs 10,500. Anyone buying 100 grams will pay Rs 20,500, down from Rs 21,000. Every extra 10 grams now adds Rs 2,050 to the bill, compared with Rs 2,100 on Thursday. 

On a per-gram basis, silver is at Rs 205, down Rs 5 from Thursday’s Rs 210. For bulk buyers, one kilogram costs Rs 2,05,000, 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 10,25,000 at today’s rate, which is Rs 25,000 less than it would have on Thursday. 

Silverware and jewellery will cost more once making charges and 3% GST are added. GST alone comes to about ₹6.15 on one gram of silver, ₹61.50 on 10 grams, ₹615 on 100 grams and ₹6,150 on a kilogram. Including GST, 10 grams of silver comes to about ₹2,112 today, against ₹2,163 on Thursday. 

Today is Dhanteras, and Diwali falls on Sunday, so silver coins, bars and utensils are traditional purchases. At today’s rate, a 50-gram silver coin or bar costs ₹10,250 before making charges and GST. Shoppers who bought the same coin on Thursday paid ₹10,500, so those who waited for Dhanteras saved ₹250. A 100-gram silver bar costs ₹20,500 before charges, ₹500 less than on Thursday. 

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 Thursday, and each of them is Rs 50 lower per 10 grams. There is no city-level premium or discount in silver today. 

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

City	10 gm	100 gm	1 kg
Chennai	₹2,050	₹20,500	₹2,05,000
Mumbai	₹2,050	₹20,500	₹2,05,000
Delhi	₹2,050	₹20,500	₹2,05,000
Kolkata	₹2,050	₹20,500	₹2,05,000
Bangalore	₹2,050	₹20,500	₹2,05,000
Hyderabad	₹2,050	₹20,500	₹2,05,000
Kerala	₹2,050	₹20,500	₹2,05,000
Pune	₹2,050	₹20,500	₹2,05,000
Vadodara	₹2,050	₹20,500	₹2,05,000
Ahmedabad	₹2,050	₹20,500	₹2,05,000

Source: Goodreturns.in 

Jewellery Stocks Today 

Jewellery stocks were mostly higher in early trade on Friday, even as the Nifty 50 made only small gains. The Nifty 50 was at 24,585.15 around 11:01 am, up 48.55 points or 0.20 per cent from Thursday’s close of 24,536.60, which was itself 2.40 per cent higher on the day. Senco Gold rose 1.10 per cent, PN Gadgil Jewellers added 0.46 per cent and Silgo Retail gained 0.13 per cent, while Vaibhav Global fell 0.93 per cent. 

Company	Ticker	Price	Change
Senco Gold	SENCO	₹322.00	+₹3.50 (+1.10%)
PN Gadgil Jewellers	PNGJL	₹603.65	+₹2.75 (+0.46%)
Silgo Retail	SILGO	₹71.99	+₹0.09 (+0.13%)
Vaibhav Global	VAIBHAVGBL	₹159.85	-₹1.50 (-0.93%)

Source: NSE market data 

Senco Gold was clearly the strongest, trading at ₹322.00, up ₹3.50 or 1.10 per cent from Thursday’s close of ₹318.50. That close was ₹7.25 or 2.33 per cent above Wednesday’s ₹311.25, so the stock is up 3.45 per cent in two sessions. Its best bid is ₹321.70 and its best ask ₹321.90. Sellers hold the edge in the order book at 65.13 per cent, with 2,22,839 shares against 1,19,309 on the buy side, little changed from the 64.96 per cent sell share on Thursday. 

PN Gadgil Jewellers opened lower at ₹596.00 against a previous close of ₹600.90 and fell to a low of ₹588.00, 2.15 per cent below the previous close. A rally around 10:10 am then lifted it to a high of ₹608.95, 1.34 per cent above the previous close. It is at ₹603.65, up ₹2.75 or 0.46 per cent, and above its volume-weighted average price (VWAP) of ₹600.63. Thursday’s close was ₹19.30 or 3.32 per cent above Wednesday’s ₹581.60. Sellers dominate the order book at 71.19 per cent, with 1,11,808 shares against 45,239, though that is down from 79.82 per cent on Thursday. 

Silgo Retail opened higher at ₹72.80 against a previous close of ₹71.90, a gap-up of 1.25 per cent, and that opening price is also the day’s high. It then dipped to a low of ₹70.51, 1.93 per cent below the previous close, and has recovered to ₹71.99, up ₹0.09 or 0.13 per cent, just under its VWAP of ₹72.01. Thursday’s close was ₹0.58 or 0.81 per cent above Wednesday’s ₹71.32. Buyers lead the order book at 55.96 per cent, with 15,191 shares against 11,955, a reversal from Thursday, when sellers held 64.48 per cent. 

Vaibhav Global opened at ₹166.46, up 3.17 per cent from the previous close of ₹161.35, and that is also the day’s high, but the gains vanished within minutes. The stock fell to a low of ₹159.28, 1.28 per cent below the previous close. It is at ₹159.85, down ₹1.50 or 0.93 per cent, ₹6.61 below its open and below its VWAP of ₹161.20. Thursday’s close was 0.72 per cent above Wednesday’s ₹160.19, so the stock is now 0.21 per cent under Wednesday’s level. Sellers lead the order book at 52.64 per cent, down from 60.97 per cent on Thursday. 

Silver fell 2.38 per cent on Friday, yet three of the four jewellery counters gained, so the stocks did not follow the metal lower. Silver’s drop follows a 5 per cent Thursday rise. Senco Gold and PN Gadgil Jewellers beat the Nifty 50’s 0.20 per cent gain, Silgo Retail was roughly in line with it and Vaibhav Global lagged. The index has also eased since the open, when it was up 0.38 per cent at 10:07 am. 

Gold Rates Today 

24-carat gold costs Rs 1,46,020 per 10 gm (Rs 14,602 per gram) in most cities, unchanged from Thursday. 

22-carat gold is at Rs 1,33,850 per 10 gm (Rs 13,385 per gram), also unchanged. 

18-carat gold is at Rs 1,09,520 per 10 gm (Rs 10,952 per gram), also unchanged. 

Delhi is the costliest city, with 24-carat gold at Rs 1,46,170 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.