Silver Price Today, October 29, 2026: Rate Falls Rs 50 per 10 gm to Rs 2,150 in All 10 Cities

New Delhi, Oct 29: Silver is priced at Rs. 2,150 for 10 grams in all 10 cities tracked by Goodreturns.in on Thursday, which makes it Rs. 21,500 for 100 grams and Rs. 2,15,000 for a kilogram. The rate works out to Rs. 215 per gram, which is the national rate. It is Rs. 50 lower than Wednesday in every city, the first change in the 10 gram rate since Friday, October 23. 

Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad fell from Rs. 2,200 to Rs. 2,150 per 10 grams, a cut of about 2.3 per cent. Chennai, Hyderabad and Kerala fell by the same Rs. 50, so all 10 cities have stayed in step since Monday, October 26. A kilogram is Rs. 5,000 cheaper than on Wednesday. 

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, held there for four sessions, and has now slipped to Rs. 2,150. 

Equities were higher on Thursday. The Nifty 50 was at 22,849.80 at 10:36 am, up 150.95 points or 0.67 per cent from Wednesday’s close of 22,698.85. USD/INR futures for November 26 were at Rs. 95.53 at 10:35 am. 

City-Wise Prices 

Silver prices in 10 cities across India on Wednesday, October 28, and Thursday, October 29, per 10 grams, with the difference. All 10 cities are down Rs. 50. 

Source: Goodreturns.in 

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

Source: Goodreturns.in 

Every city is lower over the 17 days. The seven cities are down Rs. 250 per 10 grams, a fall of about 10.4 per cent, while Chennai, Hyderabad and Kerala are down Rs. 300, a fall of about 12.2 per cent. A kilogram costs Rs. 25,000 less in the seven cities than on October 12 and Rs. 30,000 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. 2,150, the GST alone comes to Rs. 64.50, which takes the cost to Rs. 2,214.50 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. 2,150 per 10 grams, 50 grams of silver costs Rs. 10,750 before charges. The question is whether Rs. 2,150 holds. 

Jewellery Stocks Today 

Jewellery stocks lagged the market in morning trade on Thursday even as the Nifty 50 rose 0.67 per cent. Only PN Gadgil Jewellers (PNGJL) gained, up 0.18 per cent, while Senco Gold (SENCO) fell 0.20 per cent, Silgo Retail (SILGO) 0.56 per cent and Vaibhav Global (VAIBHAVGBL) 15.51 per cent. 

Source: NSE market data 

Senco Gold was trading at ₹305.65 around 10:25 am, down ₹0.60 from Wednesday’s close of ₹306.25. It opened at ₹308.00, touched a high of ₹308.35 and slid to a low of ₹303.50 before recovering. It is just below its volume-weighted average price (VWAP) of ₹305.76. PN Gadgil Jewellers opened at ₹575.00 against a previous close of ₹571.95, hit a high of ₹579.95 near 9:20 am and then fell back to a low of ₹571.45. It is at ₹573.00 and below its VWAP of ₹574.22. 

Silgo Retail opened at ₹70.80, the same as its previous close, hit a high of ₹72.00 around 9:30 am and fell to a low of ₹69.19. It is at ₹70.40, below its VWAP of ₹70.75. Vaibhav Global opened at ₹176.00 against a previous close of ₹187.83, a gap-down of about 6.3 per cent, touched a high of ₹181.98 and kept sliding to a low of ₹156.12, 16.9 per cent below the previous close. It is at ₹158.69, down ₹29.14, and below its VWAP of ₹162.56. The data does not say why. 

Order books were mostly sell-heavy. Senco Gold had 54.57 per cent on the sell side, with 1,47,966 shares against 1,23,162 on the buy side. PN Gadgil Jewellers was at 65.37 per cent sell and Silgo Retail at 62.49 per cent sell. Vaibhav Global was the exception at 55.07 per cent buy, with 3,05,740 shares against 2,49,448. 

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.