Silver Price Today, October 19, 2026: Rate Remains Steady, Senco Gains 2%

New Delhi, Oct 19: Silver did not move on Monday. Goodreturns.in has reported 10 grams of the metal at Rs. 2,300 in most cities, which makes it Rs. 23,000 for 100 grams and Rs. 2,30,000 for a kilogram. Chennai, Hyderabad and Kerala are still the dearer markets at Rs. 2,400 per 10 grams, Rs. 24,000 for 100 grams and Rs. 2,40,000 per kg. 

All 10 cities tracked match Friday’s rates exactly, and Friday’s matched Thursday’s, so silver has been flat for two sessions after a fall of Rs. 50 per 10 grams on Thursday. The national rate is also unchanged at Rs. 230 per gram. 

A rate of Rs. 2,300 is Rs. 100 below last Monday’s Rs. 2,400 in most cities, a drop of about 4.2 per cent, and Rs. 50 below last Monday’s Rs. 2,450 in Chennai, Hyderabad and Kerala. It leaves silver at its lowest in at least two weeks. 

Domestic equities were softer. The Nifty 50 was at 23,067.10 around 10:58 am, down 79.05 points or 0.34 per cent from Friday’s close of 23,146.15, while the metal stayed put. 

City-Wise Prices 

Silver prices in 10 cities across India on Friday, October 16, and Monday, October 19, per 10 grams, along with the difference. 

City	Fri, Oct 16	Mon, Oct 19	Diff
Chennai	₹2,400	₹2,400	₹0
Mumbai	₹2,300	₹2,300	₹0
Delhi	₹2,300	₹2,300	₹0
Kolkata	₹2,300	₹2,300	₹0
Bangalore	₹2,300	₹2,300	₹0
Hyderabad	₹2,400	₹2,400	₹0
Kerala	₹2,400	₹2,400	₹0
Pune	₹2,300	₹2,300	₹0
Vadodara	₹2,300	₹2,300	₹0
Ahmedabad	₹2,300	₹2,300	₹0

Source: Goodreturns.in 

The change shows up over the week. The table below sets Monday’s rates against last Monday’s, October 12, again per 10 grams. 

City	Mon, Oct 12	Mon, Oct 19	Diff
Chennai	₹2,450	₹2,400	-₹50
Mumbai	₹2,400	₹2,300	-₹100
Delhi	₹2,400	₹2,300	-₹100
Kolkata	₹2,400	₹2,300	-₹100
Bangalore	₹2,400	₹2,300	-₹100
Hyderabad	₹2,450	₹2,400	-₹50
Kerala	₹2,450	₹2,400	-₹50
Pune	₹2,400	₹2,300	-₹100
Vadodara	₹2,400	₹2,300	-₹100
Ahmedabad	₹2,400	₹2,300	-₹100

Source: Goodreturns.in 

Every city is lower on the week. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad are down Rs. 100 per 10 grams, while Chennai, Hyderabad and Kerala are down Rs. 50. 

Buyers in Chennai, Hyderabad and Kerala pay Rs. 100 more per 10 grams than buyers elsewhere, the same gap as on Friday. 

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. 2,300, the GST alone comes to Rs. 69. 

With Dussehra on Tuesday and Dhanteras and Diwali still ahead, coins, idols and utensils tend to draw buyers. The question for the next few sessions is whether Rs. 2,300 holds as a floor, or whether silver slips further after shedding Rs. 100 in a week. 

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

Jewellery Stocks Today 

Jewellery stocks were mostly lower in early trade on Monday. The Nifty 50 was at 23,067.10 around 10:58 am, down 0.34 per cent, and only Senco Gold (SENCO) was in the green, gaining 2.05 per cent. Vaibhav Global (VAIBHAVGBL) fell 1.27 per cent, PN Gadgil Jewellers (PNGJL) 0.65 per cent and Silgo Retail (SILGO) 0.52 per cent. 

Company	Ticker	Price	Change
Senco Gold	SENCO	₹344.15	+₹6.90 (+2.05%)
PN Gadgil Jewellers	PNGJL	₹599.40	-₹3.95 (-0.65%)
Silgo Retail	SILGO	₹69.25	-₹0.36 (-0.52%)
Vaibhav Global	VAIBHAVGBL	₹208.20	-₹2.68 (-1.27%)

Source: NSE market data 

Senco Gold was trading at ₹344.15, up ₹6.90 or 2.05 per cent from Friday’s close of ₹337.25. It opened flat, dipped to a low of ₹334.75 around 10:20 am and then rallied through the last half hour. It is above its volume-weighted average price (VWAP) of ₹338.61. 

PN Gadgil Jewellers opened at ₹606.05 against a previous close of ₹603.35 and jumped to a high of ₹612.00 within the first few minutes. It then gave up the gain and touched a low of ₹598.30 close to 10:55 am. It is at ₹599.40, down 0.65 per cent and below its VWAP of ₹602.35. 

Vaibhav Global opened at ₹209.89 against a previous close of ₹210.88 and climbed to a high of ₹214.79 around 9:40 am. It fell sharply after 9:45 am and slid to a low of ₹206.34. It is trading at ₹208.20, down 1.27 per cent and below its VWAP of ₹210.19. 

Silgo Retail opened at ₹71.00, about 2.0 per cent above Friday’s close of ₹69.61, and that was the high of the day. It touched a low of ₹67.30 around 10:20 am. It is trading at ₹69.25, down 0.52 per cent but above its VWAP of ₹68.61. 

Against Friday’s morning levels, two of the four counters are higher. Senco Gold is up ₹12.15 or 3.66 per cent from ₹332.00 and Vaibhav Global by ₹3.08 or 1.50 per cent from ₹205.12. Silgo Retail is down ₹0.75 or 1.07 per cent from ₹70.00 and PN Gadgil Jewellers by ₹1.05 or 0.17 per cent from ₹600.45. 

Silver was flat on Monday, so these moves do not look like a read-through from the metal. The Nifty 50 was lower, and only one of the four counters rose with it. 

Order book data showed sellers ahead on all four counters. PN Gadgil Jewellers had 72.05 per cent of total quantity on the sell side, with 92,289 shares against 35,805 on the buy side. Silgo Retail was at 65.32 per cent sell, with 9,922 shares against 5,268, and Senco Gold at 64.81 per cent, with 2,82,627 against 1,53,476. 

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.