Silver Price Today: Silver gets costlier on the first day of October; check the latest rates in 10 major cities before buying..
Silver Price Today: Silver prices in India's domestic futures market saw an increase during early trading on October 1. In the Delhi bullion market, the price of silver stands at ₹2.32 lakh per kilogram (inclusive of all taxes). Chennai recorded a rise, with the price reaching ₹2,45,000 per kilogram. This uptick follows reports of renewed tensions between the US and Iran; notably, the two sides held their first indirect talks just last week, following the collapse of a ceasefire established in July.
The MCX silver contract for December 4 rose by ₹1,987 (0.89%) to trade at ₹2,26,064 per kilogram, compared to the previous session's closing price of ₹2,25,450 per kilogram. According to bullion market data, the price stood at ₹2,23,860 per kilogram. While the Delhi bullion market quotes the price at ₹2.32 lakh per kilogram (inclusive of taxes), GoodReturns lists the rate at ₹2,40,000 per kilogram.
Silver rates in major cities, including Delhi and Mumbai, today
According to GoodReturns, silver prices in major cities across the country are hovering in the range of ₹2,35,000 to ₹2,45,000 per kilogram. Minor variations may be observed in some cities due to local market conditions and tax differences.
City Price of 1 kg of Silver
Delhi ₹2,35,000
Mumbai ₹2,35,000
Kolkata ₹2,35,000
Chennai ₹2,45,000
Lucknow ₹2,35,000
Patna ₹2,35,000
Jaipur ₹2,35,000
Ahmedabad ₹2,35,000
Pune ₹2,35,000
Bengaluru ₹2,35,000
Hyderabad ₹2,35,000
Bhopal ₹2,35,000
Chandigarh ₹2,35,000
Noida ₹2,35,000
Gurugram ₹2,35,000
Silver prices have surged rapidly due to strong demand and currency fluctuations. Prices rose from approximately ₹78,600 per kilogram in 2023-2024 to over ₹240,000 per kilogram in October 2026.
Silver Futures Price: Previous Day's Performance
Silver prices rose by 0.55 percent to ₹2,26,700 per kg in futures trading on Wednesday, driven by traders increasing their position sizes amidst strong spot demand. On the Multi Commodity Exchange (MCX), the price for the December delivery contract climbed by ₹1,250 (0.55 percent) to reach ₹2,26,700 per kilogram.
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