There is no new IBJA silver benchmark for Sunday, 18 October 2026. The association says it does not publish rates on Saturdays and Sundays. Its latest dated PM entry visible when CapKet checked was Friday, 16 October: Silver 999 at ₹2,10,918 per kilogram. That is a Friday reference, not a live Sunday price or a dealer’s promise to sell at that amount. IBJA’s rate page and publication terms establish both the dated figure and the weekend gap.
Start with the date and session, not “today’s price”
The same Friday’s AM entry is ₹2,10,312 per kilogram. AM and PM are separate observations; a comparison that silently swaps them changes its basis. A missing Sunday entry is not a zero price, and an unchanged website reference is not proof that every shop has kept its selling price unchanged. This explainer is published on Sunday but retains Friday’s observation date.
| Observation or calculation | Value / basis | Evidence |
|---|---|---|
| Friday, 16 October 2026 AM | Silver 999: ₹2,10,312 per kg | Dated AM archive |
| Friday, 16 October 2026 PM | Silver 999: ₹2,10,918 per kg | Dated PM archive |
| Saturday/Sunday publication | No new IBJA AM/PM benchmark under its stated policy | IBJA terms |
| 100 g, using Friday PM | ₹2,10,918 × 100 ÷ 1,000 = ₹21,091.80 | CapKet arithmetic from PM rate |
| 10 g, using Friday PM | ₹2,10,918 × 10 ÷ 1,000 = ₹2,109.18 | CapKet arithmetic from PM rate |
| What these amounts exclude | IBJA says 3% GST and making charges are excluded | IBJA charge note |
What would 100 g mean at that reference?
Use the kilogram basis before comparing a smaller item. One kilogram is 1,000 grams. Applying Friday’s PM rate to an illustrative 100 g of the same Silver 999 basis gives ₹21,091.80; for 10 g it gives ₹2,109.18. These are CapKet’s unit conversions, not separately published IBJA rates for retail products and not executable quotations. They do not establish the price of an ornament, a different purity or a particular branded bar.
IBJA states that its figures exclude 3% GST and making charges. The worked amounts therefore are not final payable totals. This article does not determine the tax treatment of a particular invoice or calculate a universal all-in price. Ask the seller to show the metal value, charges and applicable taxes separately rather than assuming a benchmark conversion equals the bill.
A short checklist before comparing two shops
- Write down each seller’s quote date and time. Keep Friday’s benchmark date alongside it.
- Match the item’s stated purity and net silver weight. Do not compare different specifications as though they were identical.
- Ask which rate and weight produce the metal component, then request an itemised total and quote-validity period.
- If future resale matters, ask for the seller’s written buyback terms; this report verifies no resale value or assured return.
The useful next check is a genuinely new dated IBJA entry, not a forecast invented for the weekend. CapKet’s separate 15 October silver report records an earlier price move and remains historical; its figures are not overwritten here. This article addresses how to use a dated reference during the publication gap, not why silver moved or whether to buy.
Sources and what was checked
IBJA’s dated AM/PM archive, unit and charge note, and weekend-publication terms were checked on 18 October 2026 at 11:56:15 IST. This is our source-observation time, not the benchmark fixing time. The rate page is the source of the numbers; the association website is provider background only, not independent price confirmation. No city-specific shop quote, actual purchase, futures settlement, reason for the price move or future direction was verified.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.