Silver Price Today, October 7, 2026: Rates Unchanged from Monday

New Delhi, Oct 7: Silver is steady at ₹2,350 per 10 grams today in India. That works out to ₹235 per gram or ₹2,35,000 per kg. Chennai, Hyderabad and Kerala remain at a premium, with prices at ₹2,450 per 10 grams, or ₹245 per gram and ₹2,45,000 per kg. Compared with Monday, October 5, none of the ten cities tracked has seen a change, which means a 0 per cent move. Tuesday’s national rate was also ₹235 per gram, so silver has now stayed flat for three sessions in a row. The gap of ₹100 per 10 grams between South India and the rest of the country is still in place. Silver prices in India follow international silver prices, which can move in either direction, so rates can change during the day. 

The cities at ₹2,350 per 10 grams on both days are Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad. Chennai, Hyderabad and Kerala are at ₹2,450, exactly where they stood on Monday. The comparison covers only the two end points, so it does not capture any moves in between. For 100 grams, most cities are at ₹23,500 and the three southern markets at ₹24,500, a difference of ₹1,000. 

City-Wise Prices 

Below are the silver rates per 10 grams in ten cities across India on Monday, October 5, and today, Wednesday, October 7, along with the difference between the two days. 

Source: Goodreturns.in 

Most people prefer to buy silver as it is more affordable compared with gold. Silver is priced at just Rs. 235 per gram, while 24K gold is trading at Rs. 14,957 per gram, making gold almost 64 times more expensive. Gold increased by Rs. 55 from Tuesday, while silver remained flat, further widening the price gap. As silver prices remained unchanged from Monday, there is not much to base a buying decision on if you are looking for a trend. Customers in Chennai, Hyderabad and Kerala will have to pay Rs. 10 more per gram. 

The above silver prices are for the metal only. If you are looking to purchase silver jewellery, you will have to pay more than these rates. Silver jewellery also attracts making charges and 3% GST. Please keep this in mind when comparing silver prices. 

These silver prices are for reference only. Always check with your local jeweller or dealer before making any purchase. 

There has been consistent demand for silver over the last couple of weeks as the festive season approaches. Many buyers have been waiting for the right time to make their purchases during the upcoming festive period, including Navratri and Diwali. Since silver prices have remained unchanged from Monday, we can only assume that global factors will determine their movement. 

Jewellery Stocks Today 

Some stocks from the jewellery sector traded largely flat around midday on Wednesday. Three of the four stocks were trading in positive territory. The Nifty 50 was at 22,677.30 as of 12:12 pm today. P N Gadgil Jewellers (PNGJL) led the gains, rising 1.38 per cent, while Vaibhav Global (VAIBHAVGBL) was the only stock to fall, declining 1.05 per cent. 

Source: NSE market data 

Vaibhav Global (VAIBHAVGBL) opened at ₹201.43 against a previous close of ₹202.43 and touched a high of ₹201.89 almost at once. It then drifted lower through the morning to a low of ₹199.01. It was trading at ₹200.31, down 1.05 per cent and just below its volume-weighted average price (VWAP) of ₹200.39. The stock has stayed under its previous close all day. 

Senco Gold (SENCO) was trading at ₹323.10, up ₹4.35 or 1.36 per cent. PN Gadgil Jewellers (PNGJL) opened at ₹587.80 against a previous close of ₹588.60 and dipped to a low of ₹582.60. It then climbed to a high of ₹603.95, a gain of about 2.6 per cent over the previous close. It was trading at ₹596.75, up 1.38 per cent but slightly below its VWAP of ₹597.77. 

Silgo Retail opened at ₹68.89 against a previous close of ₹69.51 and fell to a low of ₹68.50 before recovering to a high of ₹70.47. It was trading at ₹70.06, up 0.79 per cent and above its VWAP of ₹69.65. Compared with late-morning levels on Tuesday, three of the four counters are higher. Senco Gold is up ₹4.10 or 1.29 per cent from ₹319.00, PN Gadgil Jewellers by ₹15.60 or 2.68 per cent from ₹581.15, and Silgo Retail by ₹0.23 or 0.33 per cent from ₹69.83. Vaibhav Global is down ₹2.04 or 1.01 per cent from ₹202.35. 

Unchanged silver rates alongside a mixed set of stock moves again point to stock-specific buying rather than a clean read-through from the metal. Three counters rose even though the Nifty 50 fell 0.43 per cent, while Vaibhav Global slipped with the market. Whether bullion-linked stocks begin to track silver or the wider market through the afternoon session will be the thing to watch. 

Order book data for PN Gadgil Jewellers, Silgo Retail and Vaibhav Global showed sellers ahead on two of the three. Sell orders made up 63.98 per cent of total quantity on PN Gadgil Jewellers, with 70,650 shares against 39,779 on the buy side, up from 57.70 per cent on Tuesday. On Silgo Retail the sell share was 52.99 per cent, down from 59.44 per cent. Vaibhav Global was the only one where buyers had the edge, at 55.46 per cent, or 43,385 shares against 34,843. 

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.