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Silver Rates Fall 0.42% Across India on September 29
Silver became slightly cheaper in India on September 29, 2026.
One gram cost ₹226, while one kilogram cost ₹226,100.
This was a 0.42% decrease from the previous close.
Prices were ₹226 per gram in Mumbai, Bengaluru, Hyderabad, Delhi and Ahmedabad.
Different cities had slightly different prices for larger quantities.
A stronger U.S. dollar made silver more expensive for buyers using other currencies.
High oil prices, bond yields and possible U.S. interest-rate increases also pressured silver.
Analysts expect prices to move within a limited range for now.
They say investors should watch international markets and important U.S. economic news.
India’s silver price was ₹226 per gram, ₹2,261 per 10 grams and ₹226,100 per kilogram on September 29, 2026.
The national rate fell 0.42% from the previous close, with the reported kilogram price down ₹960.
Per-gram rates were ₹226 in Mumbai, Bengaluru, Hyderabad, Delhi and Ahmedabad; city-level 10-gram and kilogram prices varied.
A firm U.S. dollar, elevated bond yields, high crude oil prices and expectations of a U.S. Federal Reserve rate hike pressured silver.
Analysts expect silver to remain range-bound while markets monitor U.S.-Iran negotiations and key U.S. economic data.
- Who
- Indian silver buyers and investors, with prices influenced by international markets and the U.S. Federal Reserve.
- What
- Silver prices in India declined 0.42% to ₹226 per gram and ₹226,100 per kilogram.
- Where
- India, including Mumbai, Bengaluru, Hyderabad, Delhi and Ahmedabad.
- When
- September 29, 2026.
- Why
- A firm U.S. dollar, high crude oil prices, elevated bond yields and expectations of a U.S. Federal Reserve rate hike weighed on silver.
Key facts
- Date
- September 29, 2026
- National rate
- ₹226 per gram; ₹2,261 per 10 grams; ₹226,100 per kilogram
- Daily change
- Down 0.42% from the previous close
- Mumbai
- ₹226 per gram; ₹2,261 per 10 grams; ₹226,100 per kilogram
- Bengaluru
- ₹226 per gram; ₹2,263 per 10 grams; ₹226,280 per kilogram
- Hyderabad
- ₹226 per gram; ₹2,265 per 10 grams; ₹226,460 per kilogram
- Delhi
- ₹226 per gram; ₹2,257 per 10 grams; ₹225,710 per kilogram
- Ahmedabad
- ₹226 per gram; ₹2,265 per 10 grams; ₹226,460 per kilogram






