Silver Rate Today: State-Wise Prices on November 2

Silver Rate Today 2 November 2026: State-Wise Prices in India

Silver Rate Today 2 November 2026: Silver prices across India remained an important point of interest for investors, jewellery buyers and bullion traders on Monday, November 2, 2026. According to the historical price record published by MMTC-PAMP, 999.9+ purity silver was priced at ₹188.38 per gram, translating to ₹1,88,380 per kilogram, excluding GST.

However, another city-wise historical price tracker reported a national reference rate of ₹1,99,900 per kilogram for the same date. The difference between these records highlights the importance of checking the price source, purity and applicable charges before purchasing silver.

Silver Price in India on 2 November 2026

The MMTC-PAMP historical record showed the following prices for 999.9+ purity silver:

These are indicative historical reference prices before GST and other applicable charges.

State-Wise Silver Rate in India

The following city-wise figures are taken from SilverJi's historical location records dated November 2, 2026. They represent a separate market reference series and should not be confused with the MMTC-PAMP benchmark.

Note: Chandigarh is a Union Territory and is also used as a reference market for nearby Punjab and Haryana. These are indicative city-level records, not guaranteed retail quotations for every jeweller.

Why Do Silver Prices Differ Across Indian Cities?

Silver prices are influenced by several domestic and international factors. Global bullion prices, currency movements, import costs and industrial demand can affect the Indian market.

Local transportation expenses, supply conditions, taxes and dealer-specific charges can also create differences between city quotations. Therefore, the final amount paid by a customer may differ from the published reference price.

Important Things to Check Before Buying Silver

Buyers should verify the purity and weight of silver before making a purchase. The price of 999 fine silver is different from that of 925 sterling silver.

Customers should also check the applicable GST, making charges, invoice details and buyback conditions. Comparing quotations from multiple local jewellers can help buyers make a better-informed decision.

Conclusion

Silver prices on November 2, 2026, varied across published market reference sources. MMTC-PAMP recorded ₹1,88,380 per kilogram for 999.9+ purity silver before GST, while a separate city-wise tracker listed a national reference price of ₹1,99,900 per kilogram. Buyers should verify the applicable local rate before purchasing silver jewellery, coins or bullion.