Silver Rate Today 12 October 2026: State-Wise Prices

Silver Rate Today 12 October 2026: State-Wise Prices in India

New Delhi, October 12, 2026: Silver prices witnessed fluctuations at the start of the week, with buyers keeping an eye on domestic bullion rates and futures market movements. According to a market update published on Monday morning, MCX silver futures for December delivery were trading at around ₹2,25,110 per kilogram at approximately 10:12 AM.

Retail silver prices vary across cities depending on the source, purity, local market conditions and applicable taxes. Buyers planning to purchase silver jewellery, coins, utensils or bullion should check the latest local rate before placing an order.

Silver Rate Today: 1 Gram, 10 Grams, 100 Grams and 1 KG

A state-wise price list published on October 12 reported the following price ranges across the states covered in that list.

These figures represent the published state-wise retail-rate list. Other market sources may report different prices, so buyers should confirm the prevailing rate with a local jeweller.

State-Wise Silver Rate on 12 October 2026

The following table lists the state prices published for October 12, 2026. All figures are in Indian rupees.

Important: The source does not provide verified figures for every Indian state and Union Territory in this table. Unlisted regions have therefore been left out rather than assigned estimated prices. Check with a local bullion dealer for the latest rate in your area.

Silver Prices in Major Indian Cities

A separate retail-price update for October 12 listed the following rates for 999-fineness silver in major cities:

These figures come from a separate retail-rate source and may differ from the state-wise figures above because of differences in source methodology, market timing and local pricing.

Why Do Silver Prices Differ Across States?

Silver prices can vary because of changes in international bullion prices, currency exchange rates, domestic demand, silver purity, dealer margins and local market conditions. Futures prices quoted on MCX may also differ from the retail rates offered by jewellers.

Taxes and additional charges can affect the final purchase bill. Buyers should ask whether the quoted price includes GST and whether separate making charges or other fees apply to jewellery.

Should You Buy Silver Today?

The decision to buy silver depends on your requirements, budget and assessment of market conditions. If you are purchasing jewellery, utensils or coins, compare rates from multiple local dealers and confirm the purity before paying.

People considering silver as an investment should also account for price volatility and the difference between buying and selling prices. A single day's price movement does not guarantee future returns.

Conclusion

Silver prices on October 12, 2026, varied across published market sources and Indian cities. In the state-wise list referenced here, Gujarat and Kerala were quoted at ₹2,64,000 per kilogram, while West Bengal was listed at ₹2,52,000 per kilogram.

Since retail rates can change during the day, buyers should confirm the latest local price, purity and applicable charges before purchasing silver.

Disclaimer: This article is for general market information only. Silver prices may change, and figures published by different sources can vary. Verify the current local rate before making a purchase.