Silver Prices Hold Steady in India Amid Global Market Uncertainty

Silver prices have remained under pressure in India due to cautious global market conditions. On October 1, 2026, gold rates declined across various categories, while silver held steady at ₹2,40,000 per kg. The MCX Gold 5 October futures stood at ₹1,46,513 per 10 grams, and the MCX Silver 4 December contracts were at ₹2,27,390 per kg.

According to data, silver prices have seen significant increases due to strong demand and currency fluctuations. Rates rose from roughly ₹78,600 per kg in 2023-2024 to over ₹240,000 per kg in September 2026.

The global market remains sensitive to the US dollar, interest-rate expectations, and industrial demand. The silver spot price was at $60.59 per troy ounce as of September 29, 2026.