Silver Price Today: Silver has become cheaper by ₹10,000 this week; check the latest rates in major cities before buying..
Silver Price Today: All eyes are on silver prices today, October 3. Volatility regarding silver prices persists in India. Rising US Treasury yields reduced the appeal of non-yielding assets, leading to a recovery in silver prices from a four-week low. Sustained buying interest has kept silver prices above $61 in the international market, with some anticipating a short-term rise.
Market experts indicate mixed technical signals. There is a 68% probability that prices will remain within the $60.65–$62.61 range and move upwards over the next 2 to 3 days.
The bullion market remained closed on October 2 due to Gandhi Jayanti, and trading is currently suspended for the weekend. However, prior to this, silver futures on the Multi Commodity Exchange (MCX) had reached ₹2,25,545 per kg, up from the previous session's closing price of ₹2,23,706 per kg. Bullion market data indicates the price reached ₹2,26,590 per kg. In Delhi, the price stood at ₹2.27 lakh per kg (inclusive of all taxes). Silver prices saw a decline of ₹10,000 over the week.
If you plan to buy silver on October 3, be sure to check the current rate beforehand. Additionally, it is essential to verify the metal's purity, any extra charges, and applicable taxes before completing the transaction.
Silver rates today in major cities (including Delhi and Mumbai)
According to GoodReturns, silver prices in major cities across the country are hovering around ₹2,35,000–₹2,45,000 per kilogram. Minor variations may be observed in some cities due to local market conditions and taxes.
City Price of 1 kg Silver
Delhi ₹2,34,900
Mumbai ₹2,34,900
Kolkata ₹2,34,900
Chennai ₹2,45,100
Lucknow ₹2,34,900
Patna ₹2,34,900
Jaipur ₹2,34,900
Ahmedabad ₹2,34,900
Pune ₹2,34,900
Bengaluru ₹2,34,900
Hyderabad ₹2,34,900
Bhopal ₹2,34,900
Chandigarh ₹2,34,900
Noida ₹2,34,900
Gurugram ₹2,34,900
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.
**Upward trend in gold prices continues**
The upward trend in gold prices continues across the country. On the morning of October 3, there was a spike in the rates of both 24-carat and 22-carat gold. In the capital, Delhi, the price of 24-carat gold stands at ₹1,50,460 per 10 grams. Prices have risen in other cities as well. In the international market, spot gold is trading at $4,140.06 per ounce. Its global price has fallen by approximately 3.4 percent so far this week.
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