Silver Price Today, October 15, 2026: Rates Drop ₹50 per 10 gm on Thursday; Silgo Gains 1.09%

New Delhi, Oct 15: Silver got cheaper on Thursday. Goodreturns.in puts 10 grams of silver at Rs. 2,300 in most cities, which works out to Rs. 23,000 for 100 grams and Rs. 2,30,000 for a kilogram. Chennai, Hyderabad and Kerala remain the pricier markets at Rs. 2,400 per 10 grams, or Rs. 24,000 for 100 grams and Rs. 2,40,000 per kg.

All 10 cities tracked saw the same fall of Rs. 50 per 10 grams, or about 2.13 per cent. Rates had held at Rs. 2,350 on Tuesday and Wednesday. A 10-gram bar is now Rs. 100 below Monday’s Rs. 2,400 and Rs. 50 below Friday’s rate, the lowest of the current week.

The national rate is down Rs. 5 to Rs. 230 per gram, so a kilogram now costs Rs. 2,30,000, Rs. 5,000 less than yesterday.

City-Wise Prices

Silver prices in 10 cities across India on Wednesday, October 14, and Thursday, October 15, per 10 grams, along with the difference.

City	Wed, Oct 14	Thu, Oct 15	Diff
Chennai	₹2,450	₹2,400	-₹50
Mumbai	₹2,350	₹2,300	-₹50
Delhi	₹2,350	₹2,300	-₹50
Kolkata	₹2,350	₹2,300	-₹50
Bangalore	₹2,350	₹2,300	-₹50
Hyderabad	₹2,450	₹2,400	-₹50
Kerala	₹2,450	₹2,400	-₹50
Pune	₹2,350	₹2,300	-₹50
Vadodara	₹2,350	₹2,300	-₹50
Ahmedabad	₹2,350	₹2,300	-₹50

Source: Goodreturns.in

At Rs. 230 per gram, silver costs a small fraction of gold. A gram of 24-carat gold is Rs. 14,744 today, roughly 64 times the price of silver.

Buyers in Chennai, Hyderabad and Kerala will pay an additional Rs. 100 per 10 grams over the national rate, the same gap as on Wednesday.

These are rates for the metal alone. Silver jewellery will cost more once making charges and 3% GST are added. On a 10 gram purchase at Rs. 2,300, the GST alone comes to Rs. 69.

With Dussehra, Dhanteras and Diwali still ahead, coins, idols and utensils tend to pull in buyers, and the question is whether the rate finds support at Rs. 2,300 per 10 grams or slips further after a flat midweek.

Also Read: How to Invest in Silver: 6 Best Ways (2026)

Gold Rates

Gold got cheaper again on Thursday. According to Goodreturns.in, 24-carat gold (99.9 per cent purity) costs Rs. 14,744 per gram in most cities, 22-carat gold (91.6 per cent purity) is at Rs. 13,515 and 18-carat gold is at Rs. 11,058.

On Wednesday the three rates were Rs. 14,826, Rs. 13,590 and Rs. 11,119 per gram, so the falls come to Rs. 82, Rs. 75 and Rs. 61, or about 0.55 per cent. For 10 grams of 24-carat gold, that means Rs. 1,47,440, down Rs. 820.

Jewellery Stocks Today

Jewellery stocks lagged a strong market in early trade on Thursday. The Nifty 50 jumped to 22,944.40 around 11:05 am, up 321.70 points or 1.42 per cent, yet only Silgo Retail (SILGO) was in the green, gaining 1.09 per cent. Senco Gold (SENCO) fell 1.28 per cent, PN Gadgil Jewellers (PNGJL) 0.29 per cent and Vaibhav Global (VAIBHAVGBL) 0.15 per cent.

Company	Ticker	Price	Change
Senco Gold	SENCO	₹326.90	-₹4.25 (-1.28%)
PN Gadgil Jewellers	PNGJL	₹597.05	-₹1.75 (-0.29%)
Silgo Retail	SILGO	₹70.24	+₹0.76 (+1.09%)
Vaibhav Global	VAIBHAVGBL	₹203.54	-₹0.31 (-0.15%)

Source: NSE market data

Silgo Retail opened at ₹70.79, about 1.9 per cent above Wednesday’s close of ₹69.48, and that was the high of the day. It dipped to ₹69.00 within the first few minutes before climbing back. At ₹70.24 the stock is up 1.09 per cent and sits above its volume-weighted average price (VWAP) of ₹70.03.

PN Gadgil Jewellers opened at ₹602.00 against a previous close of ₹598.80 and touched a high of ₹602.90 early on. It then slid to a low of ₹594.00 around 9:40 am, and a second push toward ₹601 near 10:10 am did not last. It is now at ₹597.05, down 0.29 per cent and below its VWAP of ₹597.89.

Senco Gold opened at ₹331.45 against a previous close of ₹331.15 and touched a high of ₹333.45 right at the start. After that it fell steadily to a low of ₹326.00 around 10:00 am, or 1.56 per cent below the previous close. It is trading at ₹326.90, down 1.28 per cent and below its VWAP of ₹328.51.

Vaibhav Global climbed above ₹206 around 9:35 am, then spent most of the morning between ₹203 and ₹205. It slipped to about ₹202.50 just before 11 am before recovering a little. It is trading at ₹203.54, down 0.15 per cent, on traded volume of 0.78 lakh shares worth ₹1.59 crore so far.

Against Wednesday’s morning levels, three of the four counters are lower. Senco Gold is down ₹6.40 or 1.92 per cent from ₹333.30, PN Gadgil Jewellers by ₹2.20 or 0.37 per cent from ₹599.25 and Silgo Retail by ₹0.33 or 0.47 per cent from ₹70.57. Vaibhav Global is up ₹1.14 or 0.56 per cent from ₹202.40.

Silver fell Rs. 50 per 10 grams on Thursday, but the Nifty 50 rose 1.42 per cent, so the stock moves do not look like a read-through from the metal. Three of the four jewellery counters lagged a rising market. The data used for this report does not show what drove the individual moves.

Order book data showed sellers ahead on three counters. PN Gadgil Jewellers had 67.47 per cent of total quantity on the sell side, with 85,946 shares against 41,447, followed by Senco Gold at 64.27 per cent, with 2,09,447 against 1,16,444, and Vaibhav Global at 58.89 per cent. Buyers led only on Silgo Retail, at 62.16 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.