# India's Silver Benchmark Falls to 181,863 Rupees Per Kilogram By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/51489 Published: 2026-11-08T09:01:18.000Z Updated: 2026-11-08T09:01:18.000Z Section: Investing > The India Bullion and Jewellers Association rate covered 999-purity silver jewellery. December silver futures on the Multi Commodity Exchange were a separate measure. The India Bullion and Jewellers Association set its indicative rate for 999-purity silver jewellery at 181,863 rupees per kilogram on Nov. 6, a drop of 5,437 rupees from the previous day. The association’s rate measures silver jewellery, while December silver futures on India’s Multi Commodity Exchange were a separate measure. Those futures were at 184,815 rupees per kilogram during Friday trading. The Indian figures followed [gains in gold and silver as the dollar weakened]() on Nov. 4. Spot silver rose 5.1% to $52.29 per ounce, and silver futures finished at $52.28, also up 5.1%, as the 10-year Treasury yield fell and election projections pointed to Democratic control of Congress. On Nov. 5, December silver futures opened at $52.32 per ounce, up 0.1% from the prior session, and reached $52.98 by 9:25 a.m. ET. These international quotes come from earlier sessions and different markets and instruments than the Nov. 6 Indian benchmark rate. ## Links in this article - [gains in gold and silver as the dollar weakened](https://www.tokenpost.com/news/investing/50050)