Silver Rate Today 3 November 2026: Price Falls

Silver Rate Today 3 November 2026: Price Falls to ₹1,76,425/kg

Silver Rate Today 3 November 2026: Silver prices declined in the Indian bullion market on Tuesday, November 3, 2026. According to the India Bullion and Jewellers Association (IBJA), the evening benchmark rate for 999-purity silver stood at ₹1,76,425 per kilogram. The previous working day's closing benchmark on November 2 was ₹1,79,972 per kg.

The latest movement represents a decline of ₹3,547 per kilogram, or approximately 1.97%. Buyers across India, including those in Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Jaipur and Lucknow, may find slightly different retail quotations depending on local market conditions and jeweller charges.

Silver Price in India on 3 November 2026

The IBJA evening benchmark provides a reference for the Indian bullion market. The price according to different quantities was as follows:

These figures represent the 999-purity silver benchmark and exclude 3% GST and making charges.

Silver Price Movement Compared with November 2

Silver ended November 2 at ₹1,79,972 per kilogram according to the IBJA evening benchmark. On November 3, the closing rate dropped to ₹1,76,425 per kg.

This resulted in a reduction of ₹3,547 per kilogram, equivalent to approximately 1.97%.

The morning benchmark on November 3 was ₹1,77,300 per kg, indicating further weakness by the evening session.

State-Wise Silver Rate Across India

The following reference table uses the same national IBJA benchmark for the capitals of Indian states and Union Territories. It should not be interpreted as a separate verified retail quotation from every local jewellery market.

Important: The table is based on the national benchmark, not independently verified city-level shop prices. Local retail rates may differ.

Silver Price After Adding GST

The benchmark rate does not represent the final amount a customer pays at a jewellery store.

After adding 3% GST, the indicative price of one kilogram of silver becomes approximately ₹1,81,718.75, before making charges and any other applicable costs.

The final invoice may vary according to the product, purity, jeweller and applicable charges.

What Should Buyers Check Before Purchasing Silver?

Consumers should consider the following points before purchasing silver bars, coins or jewellery:

• Check the purity and applicable hallmarking details.
• Compare the rates of 999 and 925-purity silver.
• Confirm the day's price with a local jeweller.
• Review GST, making charges and other costs on the invoice.
• Understand the difference between the buying and selling price before investing.

Conclusion

Silver prices recorded a decline in the Indian bullion market on November 3, 2026. The IBJA evening benchmark for 999-purity silver settled at ₹1,76,425 per kilogram, down ₹3,547 from the previous working day's closing rate.

However, the final retail price can vary across locations and sellers. Buyers should therefore confirm local quotations and additional charges before making a purchase.