Silver Price Today: Silver prices have dropped; check the latest rates in 10 major cities before buying..
Silver Price Today: Fluctuations in silver prices continue in India. Silver faced downward pressure on Tuesday, the second trading day of the week, and prices are seeing a decline today, September 30, as well. On the MCX, the futures price of silver fell by 0.11% (a drop of ₹250) to ₹2,25,200 per kilogram by morning; in the previous trading session, it had closed at ₹2,25,450 per kilogram.
In Delhi, the price of silver (inclusive of all taxes) stands at ₹2.32 lakh per kilogram, while according to GoodReturns, it is priced at ₹2,40,000 per kilogram. Meanwhile, bullion market rates place silver at ₹2,25,300 per kilogram, whereas the international market price is hovering around $61.95 per ounce.
It is worth noting that silver prices have surged due to strong demand and currency fluctuations. Prices stood at approximately ₹78,600 per kilogram in 2023-2024 and have since risen to over ₹2,40,000 per kilogram as of September 2026.
Silver rates today in major cities, including Delhi and Mumbai
According to GoodReturns, silver prices in major cities across the country are hovering around the ₹2,40,000–₹2,45,000 per kilogram range. Minor variations may be observed in some cities due to local market conditions and taxes.
City Price of 1 kg of Silver
Delhi ₹2,39,900
Mumbai ₹2,39,900
Kolkata ₹2,39,900
Chennai ₹2,39,900
Lucknow ₹2,39,900
Patna ₹2,39,900
Jaipur ₹2,39,900
Ahmedabad ₹2,39,900
Pune ₹2,39,900
Bengaluru ₹2,39,900
Hyderabad ₹2,39,900
Bhopal ₹2,39,900
Chandigarh ₹2,39,900
Noida ₹2,39,900
Gurugram ₹2,39,900
What to Watch
Wednesday will be the day that confirms a trend reversal, and the PCE report is also scheduled for release that day. Payroll data will follow. Buyers who stepped in on Tuesday need further support and must prove their strength soon.
Sellers had driven the price of silver down to $60.30, but late Tuesday night, buyers pushed it back above $60.84. They will need to maintain this level on Wednesday. Tuesday's high of $61.45 is the first price level buyers must surpass on Wednesday. Following that, they will face resistance at $62.98 and then at the 50-day moving average.
It is worth noting that gold and silver prices are fluctuating in response to global economic developments, currency volatility, and shifting expectations regarding interest rates; consequently, customers are closely monitoring daily bullion prices across major Indian cities.
Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
