Silver rates remained volatile on October 10, after a record rally seen by the precious and industrial metal. This comes as investors may have resorted to profit booking at elevated levels.
Silver futures with December expiry on Multi Commodity Exchange of India (MCX) rose Rs 705 to Rs 1,47,029 per kilogram, as seen at 11.30 am. The future contracts have now fallen after hitting a lifetime high of Rs 1,53,388 per kg recently.
The future contracts with March and May expiry fell around 0.4 percent each, while those with July expiry were down 1.3 percent. Silver futures with September expiry tumbled nearly 3 percent.
Domestic silver prices however continued to rise. Let's check the latest prices of 10 grams of 22 carat and 24 carat silver in major cities of the country on October 10:
| City | Price of 1 kilogram of silver |
| Delhi | Rs 1,70,000/kg |
| Mumbai | Rs 1,70,000/kg |
| Chennai | Rs 1,80,000/kg |
| Kolkata | Rs 1,70,000/kg |
| Bengaluru | Rs 1,70,000/kg |
| Jaipur | Rs 1,70,000/kg |
| Lucknow | Rs 1,70,000/kg |
| Hyderabad | Rs 1,80,000/kg |
| Ahmedabad | Rs 1,70,000/kg |
"We believe strong investment demand, large silver supply deficit and Fed cuts may continue to support silver prices over the medium to long term for a three to five-year horizon. Silver may outperform gold in the medium term with favorable gold/silver ratio, recovery in developed economies, strong industrial demand especially from China, and global supply deficit projections," reads Tata Mutual Fund Silver Outlook (October 2025) report.
"Rising investment and industrial demand along with recovery expectations in China is positively influencing silver price," it explained.
Also read: Our LIVE blog on stock market updates
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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