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Silver prices in India eased on Friday, October 3, 2025, with the national rate quoted at ₹151 per gram (₹1,51,000 per kilogram), down ₹2 per gram from the previous session. The softer price aligns with a cautious trading tone in domestic bullion markets as they track global price directions and the rupee–dollar exchange rate. In this dynamic, a weaker rupee generally pushes silver prices higher in India, while a stronger rupee helps cushion global price rises.
Market Snapshot
Across major Indian markets, silver prices reflected a muted session as investors weighed international cues and currency movements. The national benchmark stood at ₹151 per gram, while regional factors kept price differentials intact, particularly in southern states where premiums remained more pronounced amid steady festive demand and ongoing industrial use.
City-Wise Rates
Indian buyers will find subtle variations in silver prices across cities. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad showed rates of ₹1,510 per 10g (₹15,100 per 100g, ₹1,51,000 per kg). In contrast, southern markets including Hyderabad, Kerala, and Chennai quoted higher levels at ₹1,610 per 10g (₹16,100 per 100g, ₹1,61,000 per kg). These city-wise differentials reflect local demand patterns and market dynamics.
Recent Price Movements
Here’s how prices moved in recent sessions: on October 3, 2025, silver traded at ₹1,510 per 10g (₹15,100 per 100g, ₹1,51,000 per kg), down ₹2,000 from the prior day. The session for October 2 saw a rise to ₹1,530 per 10g (₹15,300 per 100g, ₹1,53,000 per kg), up ₹2,000. October 1 marked no change at ₹1,510 per 10g, while September 30 added ₹1,000 to reach ₹1,51,000 per kg. September 29 closed at ₹1,500 per 10g (₹15,000 per 100g, ₹1,50,000 per kg), up ₹1,000.
Outlook
Industry experts say festive household demand remains a key driver for silver, supported by ongoing industrial usage in electronics and solar sectors. Global price trends and rupee–dollar movements will influence the near-term trajectory. With festival activity approaching, silver prices are expected to stay broadly steady to modestly positive unless there is a sharp global swing.
Conclusion
On October 3, 2025, Indian silver prices eased to ₹151 per gram and ₹1,51,000 per kilogram, reflecting a ₹2,000 daily fall. While the national benchmark softened, regional premiums in Chennai, Hyderabad, and Kerala underscored resilient festive demand. Overall, silver remains positioned as both a consumption good and an investment asset with a steady near-term outlook.
