Silver Rate in Cuttack
Today (June 23, 2021), the Silver Rate in Cuttack is Rs.73,400 per kilogram and Rs.73.40 per gram. The rate had increased from yesterday when the rate was Rs.73,200 per kilogram and Rs.73.20 per gram. In the last seven days, The highest per gram Silver rate was seen on June 16, 2021, when it was Rs. 76.20 and the lowest was seen on June 21, 2021, when it was Rs.73.10.
In the last 30 days, the highest silver rate was observed on May 26, 2021, where it was Rs.77.30 per gram, and Rs.77,300 per kilogram and the lowest rate was again observed on June 21, 2021. On May 18, 2021, the rate was Rs.78.60 per gram and Rs.78,600 per kilogram, and on March 31, 2021, the rate was Rs.67.30 per gram and Rs.67,300 per kilogram, which was the highest and lowest rates of Silver in the last ninety days.
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Cuttack Silver Rate Today
Silver Price in Cuttack
Silver Price Trend in Cuttack
✅ Is it wise to buy Silver?
Silver is considered a safe-haven investment, hedge against inflation and stocks in uncertain times. Silver is also used as an industrial metal in many fields. This also affects its price performance and prospects.
✅ Should one buy Silver coin or Bar?
If it is a dime, a 15 cent coin and a half 90% pure silver coin, the silver coin may be cheaper. However, if you buy bars, you will get more Silver at the same price. Therefore, you can buy more silver bars with less money. However, if the situation becomes difficult, silver coins can guarantee that you can choose to use them.
✅ Is Silver becoming short squeezed?
Gold and Silver seem to have a shortage in supply, especially for large shipments. 1,000-ounce silver bars, used for industrial purposes, appear to be becoming scarce.