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 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.