Silver Rate in Bhubaneswar

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Today’s Silver Rate Per 10 Gram in India
Gold 22 Karat
43720Per 10g of 22k Gold

Silver Rate in Bhubaneswar Today

Silver is considered as a popular metal in Bhubaneswar Cuttack. It is best to be updated with the Silver price on a regular basis before investing in it. The silver price in Bhubaneswar Cuttack is impacted by various factors such as the overseas relations and the demand and supply of it in the market.

Silver Price Silver – ₹ Per Kg
Today 71,800

Silver Rate in Bhubaneswar for Last 10 Days

Date Silver (1 gram) Bar Silver (1 Kg)
11 Mar 2021 ₹ 71.5 ₹ 71,500
March 2021 ₹ 71.4 ₹ 71,400
March 2021 ₹ 70.2 ₹ 70,200
March 2021 ₹ 70.1 ₹ 70,100
March 2021 ₹ 70.1 ₹ 70,100
March 2021 ₹ 70.1 ₹ 70,100
March 2021 ₹ 69.8 ₹ 69,800
March 2021 ₹ 71.6 ₹ 71,600
March 2021 ₹ 73 ₹ 73,000
02 Mar 2021 ₹ 72 ₹ 72,000

Historical Price of Silver Rate in Bhubaneswar

Trend of Silver Rate in Bhubaneswar for February 2021 (rates per kg)

Parameters Silver Price (per kg)
February 1 Rate Rs.78,100 per kg
February 28 Rate Rs.67,500 per kg
Highest Rate in February Rs.78,100 per kg on 1 February
Lowest Rate in February Rs.67,300 per kg on 5 February
Overall Monthly Performance Decline
Percentage Change -13.57%

Trend of Silver Rate in Bhubaneswar for January 2021 (rates per kg)

Parameters Silver Price (per kg)
January 1 Rate Rs.72,000 per kg
January 31 Rate Rs.69,800 per kg
Highest Rate in January Rs.74,500 per kg on 8 January
Lowest Rate in January Rs.63,900 per kg on 9 January
Overall Monthly Performance Decline
Percentage Change -3.05%

The trend of Silver Rate in Bhubaneswar for December 2020 (rates per kg)

Parameters Silver Price (per kg)
December 1 Rate Rs.64,600 per kg
December 31 Rate Rs.72,300 per kg
Highest Rate in December Rs.74,100 per kg on 21 December
Lowest Rate in December Rs.63,400 per kg on 10 December
Overall Monthly Performance Incline
Percentage Change 11.91%

Trend of Silver Rate in Bhubaneswar for November 2020 (rates per kg)

Parameters Silver Price (per kg)
November 1 Rate Rs.60,100 per kg
November 30 Rate Rs.64,700 per kg
Highest Rate in November Rs.67,700 per kg on 18 November
Lowest Rate in November Rs.60,100 per kg on 1 November
Overall Monthly Performance Incline
Percentage Change 7.65%

Trend of Silver Rate in Bhubaneswar for October 2020 (rates per kg)

Parameters Silver Price (per kg)
October 1 Rate Rs.60,700 per kg
October 31 Rate Rs.61,000 per kg
Highest Rate in October Rs.63,500 per kg on 21 October
Lowest Rate in October Rs.60,210 per kg on 8 October
Overall Monthly Performance Incline
Percentage Change 0.49%

Trend of Silver Rate in Bhubaneswar for September 2020 (rates per kg)

Parameters Silver Price (per kg)
September 1 Rate Rs.76,500 per kg
September 30 Rate Rs.62,500 per kg
Highest Rate in September Rs.76,500 per kg on 1 September
Lowest Rate in September Rs.58,500 per kg on 24 September
Overall Monthly Performance Decline
Percentage Change -18.30%

Silver Price in Bhubaneswar

Silver Rate in BhubaneswarSilver is most demanded in Bhubaneshwar because of many factors that include silver seen as a conventional form of investment. Silver is mostly used in the form of silverware. Jewelry exhibitions are often held attracting large crowds across the city. Various items of jewelry such as bajubandh, necklaces, bracelets, and rings are sold. Handcrafted jewelry by expertise craftsmen from Cuttack is also much in demand. Small investors in Bhubaneswar are more attracted to silver than gold as it is comparatively more affordable. The prices of silver in Bhubaneswar are impacted by various national and international factors like the correction in the yellow metal and so on.

What Makes the Demand for Silver in Bhubaneswar?

Silver is considered a popular metal in Bhubaneswar Cuttack, especially because it is precious and investment-friendly. The silver price in Bhubaneswar Cuttack depends on various factors including overseas relations and the demand and supply of it in the market. According to current times, the silver rate today in Bhubaneswar Cuttack is ₹ 71,500 for 1 kg of silver.

Why is Silver a Good Option to invest?

  • Silver may not be part of our currency, but it is still money. It can’t be created out of thin air like paper or digital forms.
  • Silver is a very small market that a little money moving into or out of the industry can impact the price to a much greater degree than other assets
  • The supply of silver is about to fall. The silver price crashed after peaking in 2011. Over the next five years, it fell a whopping 72.1%.
  • Global demand for silver is growing. Surging demand is nowhere more evident than in China and India.
  • Governments and other institutions have traditionally held inventories of silver. But today, most governments no longer hold stockpiles of the metal.

Silver as an Investment in Bhubaneswar

Most consumers in Bhubaneshwar view silver as a safe form of investment due to its intrinsic value. Silver is in demand from various segments of people in Bhubaneswar given that the white precious metal has a store of value.

Physical silver: There are several prominent stores across Bhubaneswar which offer a wide range of silverware, coins, and jewelry.

Silver contracts: The silver metal is traded in Multi Commodity Exchange (MCX), National Multi Commodity Exchange (NMCE).

Things to Remember Before Buying Silver Jewellery in Bhubaneswar

  • Always look through the details of the overall craftsmanship, the intricacy of Silver Jewellery designs, the weight of the Silver Jewellery items, and any marks, flaws, or areas of tarnish.
  • Look for the hallmark .925, which indicates that the metal is genuine sterling silver.
  • Check if anywhere it is mentioned that it has nickel plating as it is harmful to the skin.

Also, check the Gold Rate in Bhubaneshwar.

Historical Silver Rate in Bhubaneswar

Months Lowest Price Silver – ₹ Per Kg. Highest Price Silver – ₹ Per Kg.
December 2020 63,200 73,700
November 2020 61,900 68,400
October 2020 60,200 65,300
September 2020 57,000 69,500
August 2020 65,000 76,510
July 2020 48,510 66,050
June 2020 47,100 50,160
May 2020 41,000 50,110
April 2020 39,940 42,700
01 Mar 2020 39,480 51,080
February 2020 48,000 51,500
January 2020 48,900 51,000

Movement of Silver Rate in Bhubaneswar

Silver rates in Bhubaneshwar (1kg) have been fluctuating about Rs.37,000 in the month of December 2015. 1 kg of the silver was pinned at Rs.35,273 towards the end of November before fixing to Rs.33,589 in the middle of December, registering a -4.7% decrease over a period of 30 days. The price of silver went through various fluctuations from the start of 2015 with 1 kg of silver fixed at Rs.38,463 in January. Later the prices rose marginally by 4.4% to Rs.36541 in the month of October.

Also, check the silver rates in other cities.

FAQs

✅ What is the price of 1 kg silver in Bhubaneswar Cuttack today?

The price of 1 kg silver in Bhubaneswar Cuttack today is Rs. 71,500.

✅ What is the cost of 10-gram silver in Bhubaneswar Cuttack?

The current price of 10-gram silver in Bhubaneswar Cuttack is Rs. 715. 

✅ What is the price of silver rate today in Bhubaneswar Cuttack?

The price of the silver rate in Bhubaneswar Cuttack today is Rs. 71,500 for 1 kg silver.

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