Silver Price Today, October 8, 2026: Rates Unchanged; Senco Gold Jumps Over 7%

New Delhi, Oct 8: The price of silver today is around ₹2,350 per 10 grams in major cities of India as of Thursday. This means you can buy silver for ₹235 per gram or ₹2,35,000 per kg. Silver prices in Chennai, Hyderabad and Kerala are higher at ₹2,450 per 10 grams, or ₹245 per gram or ₹2,45,000 per kg. 

Compared with Wednesday, October 7, silver prices have remained unchanged in all 10 cities we track, representing a 0 per cent change. The national silver rate has remained at ₹235 per gram for the last four sessions. South India continues to trade at a premium of ₹100 per 10 grams compared with the rest of India. Silver rates in India depend on international silver prices, which can rise or fall. Hence, prices may change throughout the day. 

Cities with a silver price of ₹2,350 per 10 grams today and yesterday are Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad. Chennai, Hyderabad and Kerala continue to be at ₹2,450 per 10 grams, unchanged from Wednesday. 

The above prices are based on end-of-day rates for the two days, and there could be price movements in between. If you want to compare the price of 100 grams of silver, the rate is ₹23,500 in most cities, except Chennai, Hyderabad and Kerala, where it is ₹24,500. The difference is therefore ₹1,000. 

City-Wise Prices 

Silver prices in 10 cities across India on Wednesday, October 7, and Thursday, October 8, per 10 grams, along with the difference. 

City	Wed, Oct 7	Thu, Oct 8	Diff
Chennai	₹2,450	₹2,450	₹0
Mumbai	₹2,350	₹2,350	₹0
Delhi	₹2,350	₹2,350	₹0
Kolkata	₹2,350	₹2,350	₹0
Bangalore	₹2,350	₹2,350	₹0
Hyderabad	₹2,450	₹2,450	₹0
Kerala	₹2,450	₹2,450	₹0
Pune	₹2,350	₹2,350	₹0
Vadodara	₹2,350	₹2,350	₹0
Ahmedabad	₹2,350	₹2,350	₹0

Source: Goodreturns.in 

People prefer to buy silver because it is cheaper than gold. Silver costs ₹235 per gram, whereas 24-carat gold costs ₹14,957 per gram, making gold about 64 times more expensive than silver. 

Since there has been no movement in silver prices since Monday, there is not much to go by if you are looking to make a buying decision. Those looking to buy silver in Chennai, Hyderabad and Kerala will have to pay an additional ₹10 per gram compared with the national rate. 

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 since Monday, we can only assume that global factors will determine their movement. 

Jewellery Stocks Today 

Some stocks from the jewellery sector were sharply mixed in morning trade on Thursday. Three of the four stocks were trading in positive territory even as the Nifty 50 was at 22,450.70 as of 10:36 am, down 0.67 per cent. Senco Gold (SENCO) led the gains, surging 7.10 per cent, followed by Vaibhav Global (VAIBHAVGBL) at 3.62 per cent, while Silgo Retail (SILGO) was the only stock to fall, declining 0.91 per cent. 

Company	Ticker	Price	Change
Senco Gold	SENCO	₹343.35	+₹22.75 (+7.10%)
PN Gadgil Jewellers	PNGJL	₹598.75	+₹1.70 (+0.28%)
Silgo Retail	SILGO	₹69.52	-₹0.64 (-0.91%)
Vaibhav Global	VAIBHAVGBL	₹208.02	+₹7.27 (+3.62%)

Source: NSE market data 

Vaibhav Global (VAIBHAVGBL) opened at ₹200.75, in line with its previous close, and fell to a low of ₹198.00. It stayed below the previous close for most of the morning, then jumped sharply after about 10:10 am and pushed up to ₹208.02. The stock is up 3.62 per cent and well above its volume-weighted average price (VWAP) of ₹199.95. 

Senco Gold (SENCO) was the standout performer, trading at ₹343.35, up ₹22.75 or 7.10 per cent. The order book shows strong buying interest, with 71.92 per cent of the total quantity on the buy side, or 31,74,207 shares against 12,39,257 on the sell side. PN Gadgil Jewellers (PNGJL) opened at ₹600.00 against a previous close of ₹597.05, touched a high of ₹606.60 and fell to a low of ₹593.45. It was trading at ₹598.75, up 0.28 per cent and below its VWAP of ₹600.43. 

Silgo Retail opened at ₹70.16, in line with its previous close, touched a high of ₹70.99 and then slid to a low of ₹69.01. It was trading at ₹69.52, down 0.91 per cent and below its VWAP of ₹70.09. Compared with Wednesday’s midday levels, three of the four counters are higher. Senco Gold is up ₹20.25 or 6.27 per cent from ₹323.10, Vaibhav Global by ₹7.71 or 3.85 per cent from ₹200.31 and PN Gadgil Jewellers by ₹2.00 or 0.34 per cent from ₹596.75. Silgo Retail is down ₹0.54 or 0.77 per cent from ₹70.06. 

Unchanged silver rates alongside a sharp jump in Senco Gold point to stock-specific buying rather than a read-through from the metal. Three counters rose even though the Nifty 50 fell 0.67 per cent, and Senco Gold’s move of over 7 per cent was bigger than that of the others. The data used for this report does not show what triggered it. Whether the buying in Senco Gold and Vaibhav Global continues, and 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 showed buyers ahead on three of the four counters. Vaibhav Global also had 59.16 per cent of total quantity on the buy side, with 60,436 shares against 41,728 on the sell side, and Silgo Retail had 56.92 per cent, or 9,364 shares against 7,086. PN Gadgil Jewellers was the only counter where sellers led, with 64.93 per cent of total quantity on the sell side, or 62,948 shares against 34,001 on the buy side. 

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.