Silver Rate 28 October 2026: Check Latest Prices

Silver Rate Today, October 28, 2026: Check Latest Prices

Silver Rate on October 28, 2026: Silver prices remained unchanged across several major Indian markets on Wednesday, according to a published city-wise market report. The reported benchmark stood at ₹2,200 per 10 grams, ₹22,000 per 100 grams and ₹2,20,000 per kilogram.

The steady prices come as consumers prepare for the festive shopping season. Silver coins, jewellery, utensils and investment products are among the items buyers are tracking ahead of Dhanteras and Diwali.

Silver Price in India on October 28, 2026

The published market reference rates were:

State-Wise Silver Rates in Major Indian Markets

The available city-wise report covered ten major markets. The following table lists the reported reference rates for the cities covered in that report.

Rates for other states and Union Territories should be confirmed with local bullion dealers. The national reference price should not be treated as a verified retail quotation for every city.

Silver Price Trend During October 2026

Silver prices experienced fluctuations during the final weeks of October. According to the published city-wise report, silver was quoted at ₹2,300 per 10 grams in several markets on October 21. The price subsequently declined to ₹2,200 per 10 grams on October 23 and remained at that level through October 28.

This movement kept silver buyers focused on the domestic bullion market ahead of the festive season.

Factors That Influence Silver Prices in India

Several domestic and international factors can affect silver prices:

• International silver market movements.
• Changes in the Indian rupee against the US dollar.
• Industrial demand for silver.
• Jewellery and investment demand.
• Import costs and domestic market conditions.

Silver is widely used in jewellery, electronics, solar panels and other industrial applications. Changes in industrial consumption can therefore influence its market value.

What Should Buyers Check Before Purchasing Silver?

Consumers should check the purity, weight and final billing details before purchasing silver. Buyers should also ask for a proper invoice and verify the seller's credibility.

The final purchase cost may include applicable GST and making charges, depending on the product. These additional expenses can make the retail price different from the quoted bullion rate.

Conclusion

On October 28, 2026, the published reference price for silver in several major Indian cities stood at ₹2,20,000 per kilogram. Future price movements will depend on international market trends, currency movements and domestic demand.

Consumers planning to purchase silver should check the latest local quotation before completing a transaction.

Disclaimer: These figures represent published market reference rates, not guaranteed retail selling prices. Actual prices may differ between cities and dealers. Applicable taxes and making charges may be additional.