Silver Rate Today, October 30, 2026: State-Wise Prices

Silver Rate Today, October 30, 2026: State-Wise Prices

New Delhi: Silver prices witnessed a decline in the Indian bullion market on Friday, October 30, 2026. According to one published retail market reference, silver was quoted at approximately ₹2,10,000 per kilogram, or ₹210 per gram. However, prices varied across different market reports and trading benchmarks.

The decline comes at an important time for consumers preparing for Dhanteras and Diwali purchases. Buyers planning to purchase silver coins, jewellery, utensils and investment bars are keeping a close watch on domestic and international price movements.

Silver Price on October 30, 2026

A published city-wise market report listed the following indicative silver prices for October 30.

These figures represent a published market reference, not a guaranteed final retail quotation. Local taxes, applicable GST and dealer charges may affect the amount payable.

State-Wise Silver Rate in India

The following table presents an indicative reference price for October 30, 2026. The same benchmark has been used for the state and Union Territory listings. It should not be interpreted as an independently verified local quotation for every city.

Important: Actual silver rates can differ between cities and jewellery markets. Customers should confirm the local selling price before making a purchase.

Silver Prices in Major Indian Cities

A city-wise market report also listed approximately ₹210 per gram across several major Indian markets.

Why Did Silver Prices Decline on October 30?

Silver faced selling pressure in domestic and international markets on October 30. Concerns surrounding US monetary policy, interest rate expectations and movements in the dollar influenced precious metal prices.

On the Multi Commodity Exchange (MCX), December silver futures recorded an intraday decline of ₹4,282 per kilogram, touching approximately ₹1,85,171 per kg. International spot silver also moved lower during the trading session.

Higher interest rate expectations can put pressure on precious metals because silver does not generate interest income. Changes in the dollar and global investor sentiment can also influence domestic prices.

Factors Affecting Silver Prices in India

Several factors determine the daily silver rate in the Indian market:

• International silver prices.
• The rupee-dollar exchange rate.
• Industrial demand from electronics and solar industries.
• Import costs and applicable taxes.
• Global economic conditions.
• Investor demand and commodity market movements.

Silver has applications beyond jewellery, particularly in solar panels, electronics and industrial manufacturing. Changes in industrial consumption can therefore influence its long-term price outlook.

What Should Buyers Check Before Purchasing Silver?

Consumers should check silver purity, weight and the final billed price before purchasing. Silver marked 999 generally represents 99.9% purity, while 925 sterling silver contains 92.5% silver.

Buyers should also ask for a proper invoice showing the metal weight, purity, rate, applicable GST and additional charges. Comparing quotations from multiple jewellers can help consumers make a more informed decision.

Conclusion

Silver prices remained under pressure on October 30, 2026, as precious metals faced weakness in domestic and international markets. A published retail reference placed silver at approximately ₹2.10 lakh per kilogram, although other market benchmarks reported different prices. Buyers should check the latest local quotation and applicable charges before purchasing silver.

Tracking daily silver prices can help consumers understand market movements and make better-informed purchasing decisions.