Silver Rates In India Today: Silver Prices In Chennai, Hyderabad Up By Rs 10,000 Than Mumbai, Delhi, Others

Silver rates in India are unchanged on Tuesday, October 6, despite MCX gold and spot silver trading under pressure due to rising treasury yields and anticipation of rate hikes. The strengthening of dollar also added to woes. Notably, physical silver prices have been flat since Gandhi Jayanti in India. What is interesting to note is that the 999 purity silver is Rs 10,000 expensive in Chennai, Hyderabad, and Kerala cities, compared to silver sold in cities like Mumbai, Delhi, and Bangalore.

Silver Rates In India Today (6/10/2026)

The 999 purity silver is priced at Rs 2.35 lakh per 1Kg, while the 100 grams and 10 grams silver rates stood at Rs 23,500 and Rs 2,350. Further, 8 grams silver is at Rs 1,880 and 1 gram silver is at Rs 235.

Silver Rates In Chennai, Hyderabad, Kerala:

In these three cities, the 999 purity silver price is at Rs 2.45 lakh per 1Kg, while the 100 grams and 10 grams silver rates stood at Rs 24,500 and Rs 2,450. Accordingly, silver is expensive by Rs 10,000 in 1Kg, higher by Rs 1,000 and Rs 100 in 100 grams and 10 grams in these three cities.

Silver Rates In Bangalore, Mumbai, Delhi:

In these cities, the average 1 Kg silver is available at Rs 2.35 lakh. The price of 100 grams and 10 grams silver stood at Rs 23,500 and Rs 2,350.

City	10 Gram	100 Gram	1 KG
Chennai	₹2,450	₹24,500	₹2,45,000
Mumbai	₹2,350	₹23,500	₹2,35,000
Delhi	₹2,350	₹23,500	₹2,35,000
Kolkata	₹2,350	₹23,500	₹2,35,000
Bangalore	₹2,350	₹23,500	₹2,35,000
Hyderabad	₹2,450	₹24,500	₹2,45,000
Kerala	₹2,450	₹24,500	₹2,45,000
Pune	₹2,350	₹23,500	₹2,35,000
Vadodara	₹2,350	₹23,500	₹2,35,000
Ahmedabad	₹2,350	₹23,500	₹2,35,000
Jaipur	₹2,350	₹23,500	₹2,35,000
Lucknow	₹2,350	₹23,500	₹2,35,000
Coimbatore	₹2,450	₹24,500	₹2,45,000
Madurai	₹2,450	₹24,500	₹2,45,000
Vijayawada	₹2,450	₹24,500	₹2,45,000
Patna	₹2,350	₹23,500	₹2,35,000
Nagpur	₹2,350	₹23,500	₹2,35,000
Chandigarh	₹2,350	₹23,500	₹2,35,000
Surat	₹2,350	₹23,500	₹2,35,000
Bhubaneswar	₹2,450	₹24,500	₹2,45,000

What Is Impacting Silver Prices In India?

As per Tata Mutual Fund note, Silver is on track for its sixth consecutive year of supply deficit, with industrial demand accounting for the majority of silver consumption. China holds around 11% of global silver reserves and controls 60 to 70% of refining capacity.

Meanwhile, Vikram Subburaj, CEO, Giottus.com said, "Silver is showing better resilience. The December contract is holding above Rs 2.25 lakh per kg. It is also trading closer to its session high of Rs 2,28,697. This suggests that buyers are still defending lower levels."

He added, the global backdrop remains mixed. Expectations of an October Federal Reserve rate hike have weakened. That should support non-yielding assets such as gold. However, a stronger dollar and elevated US Treasury yields are limiting the upside. Gold also needs to recover from a sharp September correction. Spot gold fell 6.6% during September. The October rebound has therefore not yet confirmed a sustained change in trend.

MCX Silver Price + Spot Silver Price

MCX silver price traded around Rs 2,25,705 per 1Kg, down by 0.2%. Meanwhile, spot silver plunged nearly 1% to trade below $61 per ounce, which is near its 2-month low.

Silver held below $61 an ounce on Tuesday, remaining close to two-month lows as a stronger dollar and surging Treasury yields outweighed support from softer US jobs data and reduced expectations for an October rate hike by the Federal Reserve. The dollar strengthened largely as the euro weakened amid rising political uncertainty and fiscal concerns across Europe. Treasury yields also climbed to fresh 24-year highs as the global bond selloff continued, driven by mounting fiscal risks and persistent inflation concerns, as per Trading Economics.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.