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Silver Price Today October 14, 2026: Silver Near ₹2.35 Lakh per Kg, Check Latest Rates in Delhi, Mumbai and Jaipur
Silver Price Today, October 14, 2026: Silver prices in India continue to witness fluctuations as investors monitor global commodity markets, currency movements and changing demand conditions. On Wednesday, October 14, silver futures reportedly opened with limited momentum before showing a modest recovery during early trading.
According to the latest market report, silver was trading around ₹2.19 lakh per kilogram on the Multi Commodity Exchange (MCX). Meanwhile, different physical market indicators showed considerable variation. The All India Sarafa Association reportedly quoted silver at ₹2,26,000 per kilogram in Delhi, including taxes, while a separate retail price tracker indicated approximately ₹2,35,000 per kilogram.
The difference highlights why investors and jewellery buyers should distinguish between futures contracts, wholesale bullion quotations and retail prices before making purchasing decisions.
Here is a detailed overview of the reported silver prices, city-wise rates, international market movements and factors that could influence prices in the coming days.
Silver Price Today: What Is the Latest Rate on October 14?
Silver trading remained relatively subdued during the early hours of Wednesday, with modest movements reported in the domestic futures market.
MCX silver was quoted near ₹2.19 lakh per kilogram in the supplied report. However, the exact contract month and timestamp for this quotation were not specified.
Physical bullion market prices showed a different picture.
According to the reported figures, the Delhi bullion market price stood at ₹2,26,000 per kilogram, including applicable taxes.
Another retail market tracker listed silver at approximately ₹2,35,000 per kilogram.
These quotations are not necessarily contradictory because they may represent different trading times, market segments, contract specifications or pricing methodologies.
Consumers should verify the current rate with an authorised bullion dealer before purchasing silver.
Silver Rate in India: City-Wise Price List
The supplied article includes a city-wise silver price table identified as October 13 rates, rather than independently confirmed October 14 quotations.
| City | Reported Silver Price (1 Kg) |
|---|---|
| Delhi | ₹2,35,000 |
| Mumbai | ₹2,35,000 |
| Kolkata | ₹2,35,000 |
| Chennai | ₹2,45,000 |
| Lucknow | ₹2,35,000 |
| Patna | ₹2,35,000 |
| Jaipur | ₹2,35,000 |
| Ahmedabad | ₹2,35,000 |
| Pune | ₹2,35,000 |
| Bengaluru | ₹2,35,000 |
| Hyderabad | ₹2,35,000 |
| Bhopal | ₹2,35,000 |
| Chandigarh | ₹2,35,000 |
| Noida | ₹2,35,000 |
| Gurugram | ₹2,35,000 |
Note: These are indicative October 13 city-wise quotations reproduced from the supplied market data. They should not be treated as verified live prices for October 14.
Among the listed cities, Chennai has the highest quoted rate at ₹2,45,000 per kilogram.
Most other cities, including Delhi, Mumbai, Jaipur, Lucknow and Patna, are listed at ₹2,35,000 per kilogram.
Actual jewellery-store prices may differ because of taxes, dealer margins, purity and additional charges.
Silver Price Per Gram: How Much Does Silver Cost?
Based on the indicative retail quotation of ₹2,35,000 per kilogram, the equivalent price for smaller quantities can be calculated as follows.
| Silver Quantity | Indicative Value |
|---|---|
| 1 gram | ₹235 |
| 10 grams | ₹2,350 |
| 50 grams | ₹11,750 |
| 100 grams | ₹23,500 |
| 500 grams | ₹1,17,500 |
| 1 kilogram | ₹2,35,000 |
These are mathematical conversions based on the quoted one-kilogram price, not independently verified retail selling prices.
Final purchase costs may differ depending on the product and dealer.
International Silver Price: COMEX Records Modest Decline
Silver prices in international markets reportedly moved lower during early trading on October 14.
According to the supplied report, COMEX silver declined approximately 0.13% to $59.445 per troy ounce.
Gold, meanwhile, reportedly advanced 0.26% to approximately $4,188.10 per troy ounce.
The contrasting movements suggest that gold and silver were responding differently to market conditions at the time of reporting.
Although both metals are widely used as investment assets, silver has substantial industrial applications that can make its price behaviour different from gold.
Changes in industrial demand, economic growth expectations and manufacturing activity may influence silver independently of broader precious-metal trends.
Why Are Silver Prices Fluctuating in India?
Several domestic and international factors influence silver prices.
1. US dollar movements
Silver is traded internationally in US dollars. A stronger dollar can make the metal more expensive for buyers using other currencies, potentially affecting demand.
2. Indian rupee exchange rate
A weaker rupee can increase the domestic cost of imported silver, even when international prices remain stable or decline.
3. Industrial demand
Silver is used in electronics, solar panels, electrical equipment and several industrial applications. Changes in manufacturing demand can influence market prices.
4. Interest rates and bond yields
US interest rate expectations and government bond yields can affect investment demand for precious metals.
5. Investor sentiment
Global economic uncertainty, inflation expectations and geopolitical developments may influence buying and selling decisions.
These factors can interact, creating price movements that are difficult to predict accurately over short periods.
Expert View: How Rupee Movements Affect Silver Prices
Giottus CEO Vikram Subburaj has highlighted currency fluctuations as an important consideration for Indian precious-metal investors.
According to his assessment, depreciation of the Indian rupee against the US dollar can provide support to domestic gold and silver prices, even when international quotations decline.
Conversely, a stronger rupee can amplify the impact of falling global prices on the Indian market.
Investors should therefore monitor not only the international silver price but also the USD-INR exchange rate.
Subburaj also advised market participants to examine US bond yields, inflation data and dollar movements before interpreting a short-term price recovery as evidence of a sustained market reversal.
A temporary rise in silver prices does not necessarily establish the beginning of a long-term upward trend.
MCX Silver Futures: What Happened in the Previous Trading Session?
Silver futures experienced selling pressure during Tuesday's trading session.
According to the supplied market data, the December delivery contract on the Multi Commodity Exchange declined by ₹296, or approximately 0.13%, to ₹2,22,581 per kilogram.
Market analysts attributed the weakness partly to traders reducing their existing positions amid subdued physical demand.
Meanwhile, international silver prices in New York reportedly increased by approximately 0.55% to $60.59 per ounce during the referenced session.
The difference between domestic and overseas movements demonstrates how currency conditions, contract timing and local market factors can influence prices.
Should Investors Buy Silver at Current Prices?
Silver can attract investors seeking exposure to precious metals, but its price movements can be volatile.
Before making an investment, buyers should consider their financial objectives, investment horizon and tolerance for potential losses.
Physical silver also involves practical considerations such as storage, purity verification, dealer premiums and resale spreads.
Investors considering silver exchange-traded funds or other market-linked products should review applicable expenses, liquidity and tracking differences.
Purchasing solely because prices have risen or fallen during a single session can expose investors to unnecessary short-term market risk.
Silver Price Outlook: What Could Happen Next?
The direction of silver prices will depend on global market developments, industrial consumption, currency movements and investor demand.
If the rupee weakens, domestic silver quotations may remain supported even when international prices soften.
However, a stronger rupee or weaker industrial demand could place downward pressure on Indian prices.
Upcoming US inflation figures, bond yield movements and monetary policy expectations may also influence precious-metal markets.
There is no reliable basis in the supplied report for predicting a specific silver price target for the coming days.
Silver Price October 14, 2026: Key Takeaways
Silver continues to trade with mixed signals across domestic and international markets.
The supplied report places MCX silver near ₹2.19 lakh per kilogram during early trading, while the Delhi bullion market quotation is ₹2,26,000 per kilogram, including taxes.
The indicative city-wise retail data lists silver at ₹2,35,000 per kilogram in most major cities and ₹2,45,000 in Chennai.
For investors and jewellery buyers, checking the latest local quotation, purity and final payable price remains essential before making a purchase.
Disclaimer: This article is for general information only and does not constitute investment advice. Market quotations can change rapidly. The supplied figures have not been independently verified against live exchange data. Consult a qualified financial adviser before making investment decisions.
