Silver Price Today, October 12, 2026: Eight Cities Gain ₹50-51 per 10 gm; Senco Gold Rises 0.24%

New Delhi, Oct 12: Silver prices stood at Rs. 240 per gram (Rs. 2,40,000 per kg) at the national level at the time of print on Monday. According to Goodreturns.in, the price is Rs. 2,400 for 10 grams and Rs. 24,000 for 100 grams. Prices in Chennai, Hyderabad and Kerala continue to be higher at Rs. 2,450 per 10 grams, or Rs. 24,500 for 100 grams and Rs. 2,45,000 per kg. 

Silver prices have risen since Friday, October 9. Rates have gone up by Rs. 50 per 10 grams in Mumbai and Pune, from Rs. 2,350 to Rs. 2,400. In Delhi, Kolkata, Bangalore, Vadodara and Ahmedabad, they have risen by Rs. 51, from Rs. 2,349 to Rs. 2,400. This translates into an increase of Rs. 5,000 to Rs. 5,100 per kg, or approximately 2.13-2.17 per cent. 

No change was recorded in Chennai, Hyderabad and Kerala. The national price has moved up from Rs. 235 to Rs. 240 per gram. 

City-Wise Prices 

Silver prices in 10 cities across India on Friday, October 9, and Monday, October 12, per 10 grams, along with the difference. 

City	Fri, Oct 9	Mon, Oct 12	Diff
Chennai	₹2,450	₹2,450	₹0
Mumbai	₹2,350	₹2,400	+₹50
Delhi	₹2,349	₹2,400	+₹51
Kolkata	₹2,349	₹2,400	+₹51
Bangalore	₹2,349	₹2,400	+₹51
Hyderabad	₹2,450	₹2,450	₹0
Kerala	₹2,450	₹2,450	₹0
Pune	₹2,350	₹2,400	+₹50
Vadodara	₹2,349	₹2,400	+₹51
Ahmedabad	₹2,349	₹2,400	+₹51

Source: Goodreturns.in 

As you can see, silver is the most economical way to invest in precious metals. Silver is currently priced at ₹240 per gram, compared with 24-carat gold at ₹15,098 per gram. This makes gold around 63 times more expensive than silver. 

These are the rates of silver per gram. If you want to buy silver jewellery, the cost will be higher due to making charges and the applicable 3% GST. If you were to buy 1 kg of silver at the current rate of ₹2,40,000, you would have to pay an additional ₹7,200 in GST. 

With Dussehra, Dhanteras and Diwali around the corner, we can expect more buyers to purchase silver coins, idols and utensils. Let’s see whether the rate stays at ₹2,40,000 per kg or increases. 

Gold Rates 

Gold prices have risen today (Monday). According to Goodreturns.in, the current price of 24-carat (99.9% purity) gold is ₹15,098 per gram across most cities. The price of 22-carat (91.6% purity) gold is ₹13,840 per gram, while 18-carat gold stands at ₹11,324 per gram. 

On Friday, the prices of 24-carat, 22-carat and 18-carat gold were ₹15,071, ₹13,815 and ₹11,303 per gram, respectively. This represents increases of ₹27, ₹25 and ₹21 per gram, respectively, or approximately 0.18–0.19%. 

Jewellery Stocks Today 

Jewellery stocks were mostly lower in early trade on Monday. Only Senco Gold (SENCO) was in positive territory, up 0.24 per cent, as the Nifty 50 fell to 22,417.05 around 11:04 am, down 0.46 per cent. PN Gadgil Jewellers (PNGJL) was the weakest at 0.77 per cent. 

Company	Ticker	Price	Change
Senco Gold	SENCO	₹335.55	+₹0.80 (+0.24%)
PN Gadgil Jewellers	PNGJL	₹595.35	-₹4.60 (-0.77%)
Silgo Retail	SILGO	₹69.90	-₹0.52 (-0.74%)
Vaibhav Global	VAIBHAVGBL	₹201.27	-₹0.40 (-0.20%)

Source: NSE market data 

Vaibhav Global (VAIBHAVGBL) opened at ₹202.25 against the previous close of ₹201.67. It rose sharply in the first few minutes to a high of ₹205.42, then slid to a low of ₹200.34. It is trading at ₹201.27, down 0.20 per cent and below its volume-weighted average price (VWAP) of ₹202.17. 

Senco Gold (SENCO) opened at ₹338.00 against a previous close of ₹334.75 and climbed to a high of ₹343.30 around 9:35 am. It then gave up most of that rise and touched a low of ₹335.10. It is trading at ₹335.55, up 0.24 per cent but below its VWAP of ₹339.04. 

PN Gadgil Jewellers (PNGJL) opened at ₹607.00 against a previous close of ₹599.95, a gap-up of about 1.2 per cent, and touched a high of ₹611.45 around 9:45 am. It then gave up the whole gap and fell to a low of ₹594.20. It is trading at ₹595.35, down 0.77 per cent and below its VWAP of ₹603.58. 

Silgo Retail opened at ₹71.70, a gap-up of about 1.8 per cent over its previous close of ₹70.42, and that was the high of the day. It then slid to a low of ₹69.20. It is trading at ₹69.90, down 0.74 per cent and below its VWAP of ₹70.06. 

Compared with Friday’s morning levels, three of the four counters are higher. Senco Gold is up ₹5.55 or 1.68 per cent from ₹330.00, PN Gadgil Jewellers by ₹8.80 or 1.50 per cent from ₹586.55 and Silgo Retail by ₹0.16 or 0.23 per cent from ₹69.74. Vaibhav Global is down ₹2.43 or 1.19 per cent from ₹203.70. 

Silver rose about 2.1 per cent on Monday, yet the stock moves do not look like a read-through from the metal. The data used for this report does not show what triggered the moves. 

Order book data showed sellers ahead on all four counters. PN Gadgil Jewellers had 79.25 per cent of total quantity on the sell side, or 1,16,210 shares against 30,428 on the buy side. Senco Gold had 76.45 per cent on the sell side, with 4,25,070 shares against 1,30,931. Sellers also led on Vaibhav Global (59.35 per cent) and Silgo Retail (52.47 per cent). 

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 

Source

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