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Re:

Silver Rates in India on 12 October 2026: 999 Silver Benchmark and City-Rate Differences

AIB's 999-silver benchmark was ₹2,27,031 per kg at 03:00 IST on 12 October 2026, up ₹716 from its previous fix. Later published snapshots differed in value and direction.
From TheFinanceBase Team3 min to read
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All India Bullion (AIB) recorded its 999-silver benchmark at ₹2,27,031 per kg at 03:00 IST on 12 October 2026, ₹716 above its previous fix. That timestamped benchmark does not support a blanket claim that silver rates were unchanged. Later pages showed different prices and comparisons, so treat each figure as a source-specific snapshot, not a single canonical rate.

Silver rate today in India: what the dated figures show

The available published figures for 12 October differ by source and snapshot time. AIB’s benchmark identifies 999 fine silver; the other figures should not be treated as directly equivalent without matching their rate conventions and purity.

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Source and snapshot Published figure Comparison or qualification
AIB benchmark, 03:00 IST ₹2,27,031/kg; ₹22,703/100 g; ₹227/g 999 silver; ₹716 above the previous fix. The per-100-g and per-gram amounts are derived from the kilogram quote. AIB benchmark
AIB page display, 10:08 IST ₹2,26,631/kg Marked ₹399/kg lower versus previous close. This is a later page snapshot, distinct from the 03:00 benchmark. AIB rate page
LiveMint, 03:58 IST ₹2,25,548/kg India figure shown as lower than the prior-day value; a separate publisher snapshot. LiveMint rate page

These snapshots point in different directions: AIB’s 03:00 fix was higher than its previous fix, while the later AIB display and LiveMint snapshot showed lower comparisons. Their values should not be averaged or presented as though they were one synchronized market price. The available evidence does not establish a verified basis for describing the day’s rate as unchanged.

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999 silver price per kg, 100 grams, and gram

For a consistent 999-fine reference, AIB’s 03:00 IST benchmark was ₹2,27,031 per kilogram. Its equivalent weights were ₹22,703 per 100 grams and ₹227 per gram, calculated from that kilogram figure. These are conversions of the same benchmark, not separate city prices.

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Silver rate today in major cities

Published city tables also differ, and their labels and units matter. Moneycontrol’s 12 October table lists “standard silver” at ₹221 per gram in several major cities and ₹220 per gram in Ahmedabad, but does not explicitly identify the fineness as 999. Moneycontrol city table

Gadgets 360 reports ₹2,350 per 10 grams for Ahmedabad, Bangalore, Delhi, Mumbai, Kolkata, and Pune, and ₹2,450 per 10 grams for Chennai, Hyderabad, and several other southern markets. Its table is not reconciled with other publishers’ figures, and the cited page warns that GST, TCS, other levies, and making charges are excluded. Gadgets 360 city rates

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These city rows are not a harmonized 999-purity comparison: update times, purity assumptions, rate conventions, and local premiums can vary. AIB specifically notes that city rates may differ because of local dealer premiums. AIB rate explanation

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Why the benchmark is not the amount you pay

A bullion reference rate is not a finished-item invoice. AIB notes that making charges and GST affect the final amount, while Gadgets 360 also lists TCS and other levies among possible additions. A 999-silver bar or coin price based on metal weight therefore should not be confused with a jeweller’s final quote for a finished item.

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What to check before buying silver

  • Ask the jeweller for the live quote in your city and confirm the stated purity, especially whether it is 999 fine silver.
  • Check the quote’s unit—per kilogram, 100 grams, 10 grams, or gram—and convert only after confirming that purity and rate basis match.
  • Request an itemized final amount that separates the metal value from premiums, making charges, GST, TCS, or other applicable levies.
  • Compare quotes using the same time, purity, weight, and product type; a published benchmark and a local finished-item offer are different measures.
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Navratri Day 2 context

The date-specific rate pages cited here do not establish the festival-calendar convention needed to verify that 12 October 2026 was Navratri Day 2. The rate figures above are therefore presented by date and source, without treating the festival label as confirmed.

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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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