Silver Price Today, October 28, 2026: Rate Steady at Rs 2,200 per 10 gm in All 10 Cities

New Delhi, Oct 28: Silver is priced at Rs. 2,200 for 10 grams in all 10 cities tracked by Goodreturns.in on Wednesday, which makes it Rs. 22,000 for 100 grams and Rs. 2,20,000 for a kilogram. The rate works out to Rs. 220 per gram, which is the national rate. It is unchanged from Tuesday in every city.

Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad stayed at Rs. 2,200 per 10 grams, the level they have held since a Rs. 50 cut on Friday, October 23. Chennai, Hyderabad and Kerala also stayed at Rs. 2,200, the level they reached on Monday, October 26, after losing the Rs. 50 premium they carried on Friday. The 100 gram rate of Rs. 22,000 is also identical everywhere. 

Silver price in India follows international prices, which can move the 10 gram rate in either direction, while local demand and supply play only a marginal role in city-level rates. In the seven cities, the rate fell from Rs. 2,300 on Wednesday, October 21, to Rs. 2,250 on Thursday and Rs. 2,200 on Friday, and has not changed since. 

Equities were sharply lower on Wednesday. The Nifty 50 was at 22,536.65 at 10:16 am, down 213.10 points or 0.94 per cent from Tuesday’s close of 22,749.75. USD/INR futures for October 28 were at Rs. 95.15 at 10:14 am. A weak rupee raises the rupee cost of imported silver and can cushion domestic rates when global prices ease. 

City-Wise Prices 

Silver prices in 10 cities across India on Tuesday, October 27, and Wednesday, October 28, per 10 grams, with the difference. All 10 cities are unchanged. 

Source: Goodreturns.in 

The change is larger over a longer stretch. The table below sets Wednesday’s rates against those of Monday, October 12, per 10 grams. 

Source: Goodreturns.in 

Every city is lower over the 16 days. The seven cities are down Rs. 200 per 10 grams, a fall of about 8.3 per cent, while Chennai, Hyderabad and Kerala are down Rs. 250, a fall of about 10.2 per cent. A kilogram costs Rs. 20,000 less in the seven cities than on October 12 and Rs. 25,000 less in the three southern cities. 

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. 2,200, the GST alone comes to Rs. 66, which takes the cost to Rs. 2,266 before making charges. 

With Dussehra behind us and Dhanteras and Diwali less than two weeks away, coins, idols and utensils tend to draw buyers. At Rs. 2,200 per 10 grams, 50 grams of silver costs Rs. 11,000 before charges. The question is whether Rs. 2,200 holds as a floor now that all 10 cities have stayed level for three sessions. 

Jewellery Stocks Today 

Jewellery stocks were mixed in morning trade on Wednesday as the Nifty 50 fell 0.94 per cent. Vaibhav Global (VAIBHAVGBL) gained 0.24 per cent and Silgo Retail (SILGO) 0.53 per cent, while Senco Gold (SENCO) fell 1.45 per cent and PN Gadgil Jewellers (PNGJL) 1.06 per cent. 

Source: NSE market data 

Senco Gold was trading at ₹305.40 around 10:14 am, down ₹4.50 or 1.45 per cent from Tuesday’s close of ₹309.90. It opened at ₹309.65, also its high of the day, and slid to a low of ₹305.15. It is below its volume-weighted average price (VWAP) of ₹306.59. PN Gadgil Jewellers opened at ₹571.25 against a previous close of ₹573.05, touched a high of ₹572.00 and then fell to a low of ₹563.15, 1.7 per cent below the previous close. It is at ₹566.95, down 1.06 per cent, and just above its VWAP of ₹566.45. 

Silgo Retail opened at ₹69.79 against a previous close of ₹68.44, a gap-up of about 2 per cent, and hit a high of ₹70.00 near 9:20 am. It then fell to a low of ₹68.07 before recovering. It is at ₹68.80, up 0.53 per cent, but below its VWAP of ₹69.26. Vaibhav Global fell early to a low of ₹183.82, 1.2 per cent below the previous close of ₹185.98, then rallied to a high of ₹187.82. It is at ₹186.42, up 0.24 per cent, and above its VWAP of ₹185.83. 

Order books were split. Senco Gold had 58.59 per cent on the sell side, with 1,30,199 shares against 92,019 on the buy side, and PN Gadgil Jewellers was at 56.20 per cent sell. Silgo Retail had 60.54 per cent on the buy side, with 12,827 shares against 8,359, and Vaibhav Global was at 55.05 per cent buy. 

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