Silver Rate 29 October 2026: Prices Fall Across India

Silver Rate Today 29 October 2026: Check State-Wise Prices

New Delhi, October 29, 2026: Silver prices declined in the Indian bullion market on Thursday, October 29, 2026. According to available historical market data, the national average silver rate stood at ₹2,15,000 per kilogram. The price was ₹2,150 for 10 grams and ₹215 per gram.

The decline was reflected across several major Indian cities, including Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Ahmedabad. Silver prices in the major cities tracked by market reports fell by ₹50 per 10 grams compared with October 28.

Silver Rate on October 29, 2026

The national average silver prices recorded on October 29 were:

These figures represent the national average benchmark. Actual retail prices can differ depending on the city, dealer and applicable charges.

State-Wise Silver Rate in India

The following table provides selected city-level reference prices for states and union territories based on the available historical data for October 29, 2026.

Price clarification: These are selected city-level reference rates, not guaranteed uniform prices throughout each state. Chandigarh is used as a reference for Punjab and Haryana, not as two independently verified state-wide prices.

Silver Becomes Cheaper by ₹5,000 Per Kilogram

Silver recorded a noticeable decline on October 29. The available city-rate comparison shows that the price fell from ₹2,200 per 10 grams on October 28 to ₹2,150 on October 29.

This represents a reduction of ₹50 per 10 grams or ₹5,000 per kilogram. The decline was reported across the 10 major cities tracked in the market comparison.

What Influences Silver Prices in India?

Silver prices are influenced by several domestic and international factors, including:

• International silver market movements.
• Changes in the US dollar and Indian rupee exchange rate.
• Industrial demand from electronics and solar manufacturing.
• Investor buying and selling activity.
• Import costs and local market conditions.
• Applicable GST and other charges.

Silver is an important industrial metal as well as a precious metal. Its demand from electronics, renewable energy and jewellery manufacturing can influence market prices.

Important Things to Check Before Buying Silver

Consumers planning to purchase silver jewellery, coins, bars or utensils should check the purity and final billing price before making a transaction.

Buyers should confirm whether the product is 999 or 925 purity, check its actual weight and request a proper invoice. GST, making charges and dealer-specific costs may increase the final purchase amount.

Conclusion

The national average silver rate in India stood at ₹2,15,000 per kilogram on October 29, 2026. Prices declined by ₹5,000 per kilogram compared with the previous day. However, city-level prices varied across the country. Buyers should confirm the latest local bullion rate and additional charges with their jeweller before purchasing silver.