Silver Price Today: Silver prices saw a decline today, October 30. As the market opened, silver prices plummeted once again. On the Multi Commodity Exchange (MCX), the futures price for silver fell by 1.32%—a decrease of ₹2,503—to reach ₹186,950 per kilogram. In the previous trading session, silver had closed at ₹189,453 per kilogram. According to bullion market data, the price of silver stood at ₹187,510 per kilogram, while in the international market, it reached $51.59 per ounce.

According to the All India Bullion Association, the price of silver in the Delhi bullion market was ₹198,500 per kilogram (inclusive of all taxes). Meanwhile, according to GoodReturns, the price of silver is ₹215,000 per kilogram.

Prices Plunge Again in the International Market

In the international market—specifically on the COMEX—prices for gold and silver have declined once more. Today, October 30, gold on the COMEX fell by 0.68%, trading at $4,004.00 per ounce. Silver prices on the COMEX dropped by 2.07%, with the metal trading at $51.295 per ounce. Let’s take a look at the latest silver prices in major Indian cities as of October 30, according to data from Goodreturns:

City    Price of 1 kg of Silver
Delhi    ₹ 2,10,000
Mumbai    ₹ 2,10,000
Kolkata    ₹ 2,10,000
Chennai    ₹ 2,10,000
Lucknow    ₹ 2,10,000
Patna    ₹ 2,10,000
Jaipur    ₹ 2,10,000
Ahmedabad    ₹ 2,10,000
Pune    ₹ 2,10,000
Bengaluru    ₹ 2,10,000
Hyderabad    ₹ 2,10,000
Bhopal    ₹ 2,10,000
Chandigarh    ₹ 2,10,000
Noida    ₹ 2,10,000
Gurugram    ₹ 2,10,000

Expert Opinion on Silver

Market experts note that the daily chart for spot silver shows a continuous decline in prices since the breakout from a triangle pattern at the $58 level in October 2026. The price has fallen below the $55 support level and remains in a strong bearish phase.

This downward pressure on silver suggests that prices could fall further in the near future. This decline may continue toward the support level of a 'descending trend line' (a downward-sloping trend line) situated around the $48–$50 range.

If the price drops below the $48–$50 level, the decline could extend toward the $45–$46 range. However, the RSI (Relative Strength Index) is now approaching 'oversold' territory. This suggests that prices in the silver market may be nearing their bottom.

Silver futures performance in the previous session

Silver prices saw a decline in futures trading on Thursday. The price of silver fell by Rs 673 to Rs 1,93,652 per kilogram. On the Multi Commodity Exchange (MCX), the price for the December contract dropped by Rs 673—a decline of 0.35 percent—to settle at Rs 1,93,652 per kilogram. In the global market, silver was trading in New York at $53.46 per ounce, down by 0.95 percent. Experts noted that the pressure on silver prices was primarily driven by selling from traders.

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