Silver Rate Today 16 October 2026: State-Wise Prices

Silver Rate Today 16 October 2026: State-Wise Prices

New Delhi, October 16, 2026: Silver prices varied across Indian cities on Friday, October 16. According to SilverJi's historical market data, the national average bullion rate stood at ₹2,29,900 per kilogram. At this benchmark, 10 grams of silver cost ₹2,299 and 100 grams cost ₹22,990, before any additional retail charges that may apply.

Silver Rate Today, October 16, 2026

The available city-wise data listed silver at ₹2,29,440 per kilogram in Delhi, ₹2,31,050 in Mumbai, ₹2,31,740 in Chennai and ₹2,29,900 in Hyderabad. Ahmedabad's recorded rate was ₹2,29,210 per kilogram.

These figures represent historical market quotations from one rate tracker. Other websites and local bullion dealers may quote different prices because of market benchmarks, local conditions, taxes and retail charges.

State-Wise Silver Rates Across India

The following table presents historical rates for major cities representing Indian states and union territories. Per-gram and 10-gram prices are calculated from the listed per-kilogram quotations.

Rate note: These figures are based on available historical city quotations and should not be treated as verified, uniform retail prices for every state. Chandigarh's rate is used as a representative quotation for the Chandigarh region; local rates in Haryana and Punjab may differ.

Silver Prices in Delhi, Mumbai, Chennai and Hyderabad

The historical figures for October 16 put silver at ₹2,29,440 per kilogram in Delhi, ₹2,31,050 in Mumbai, ₹2,31,740 in Chennai and ₹2,29,900 in Hyderabad. Ahmedabad was listed at ₹2,29,210 per kilogram.

City-level differences may reflect local demand, transport costs, market conditions and dealer margins. Retail quotations may also differ depending on whether GST and other charges are included.

What Should Buyers Check Before Purchasing Silver?

Buyers should confirm the latest local quotation before purchasing silver coins, bars, utensils or jewellery. They should also check the metal's purity, verify the weight and review the invoice for applicable GST and other charges. Jewellery purchases may include additional making charges.

Comparing quotations from multiple reliable sellers can help buyers understand the final amount payable.

Conclusion

SilverJi's historical data places the national average silver bullion rate at ₹2,29,900 per kilogram on October 16, 2026. Rates in several major cities ranged from around ₹2.29 lakh to ₹2.32 lakh per kilogram. Buyers should confirm the applicable local rate and additional charges before completing a purchase.