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Bhubaneswar witnesses a significant demand for silver owing to its cultural and industrial usage. The metal plays a vital role in religious ceremonies, jewellery crafting, and diverse industrial requirements. Consider silver investment options like Silver ETFs (Exchange Traded Funds) and mutual funds, to reap the benefits of silver’s gradually increasing market value. Thus, monitoring the fluctuations in silver rates in Bhubaneswar is crucial for making informed financial decisions.

Silver Price in Bhubaneswar

Here is the price of silver in Bhubaneswar today:

Weight

Silver Rate Today

Silver Rate Yesterday

Price Difference

1 g

₹78.20

₹77

 ₹1.20

10 g

₹782

₹770

 ₹12

100 g

₹7,820

₹7,700

 ₹120

1 kg

₹78,200

₹77,000

 ₹1,200

*Disclaimer: The rates mentioned above are subject to change as per market conditions

Silver Rate in Bhubaneswar in the Last 10 Days

The following table provides an overview of the changes in silver rates in Bhubaneswar over the last 10 days:

Date

1 g

10 g

100 g

1 kg

Mar 5, 2024

₹ 78.20

₹ 782

₹ 7,820

₹ 78,200

Mar 4, 2024

₹ 77.00

₹ 770

₹ 7,700

₹ 77,000

Mar 3, 2024

₹ 77.00

₹ 770

₹ 7,700

₹ 77,000

Mar 2, 2024

₹ 77.00

₹ 770

₹ 7,700

₹ 77,000

Mar 1, 2024

₹ 76.20

₹ 762

₹ 7,620

₹ 76,200

Feb 29, 2024

₹ 75.70

₹ 757

₹ 7,570

₹ 75,700

Feb 28, 2024

₹ 75.40

₹ 754

₹ 7,540

₹ 75,400

Feb 27, 2024

₹ 75.50

₹ 755

₹ 7,550

₹ 75,500

Feb 26, 2024

₹ 76.40

₹ 764

₹ 7,640

₹ 76,400

Feb 25, 2024

₹ 76.40

₹ 764

₹ 7,640

₹ 76,400

*Disclaimer: The aforementioned rates are subject to change as per market conditions.

Factors that Affect Silver Rates in Bhubaneswar

Some key factors that may influence silver rates in Bhubaneswar include:

  • Supply and demand of silver

  • Change in monetary policies

  • Geo-political conditions

  • Change in currency value

  • Revisions in taxation

  • Categorisation of silver by the Bureau of Indian Standards (BIS)

FAQs

What are the taxes and charges associated with buying silver in Bhubaneswar?

The taxes and charges may vary based on the amount of silver imported. Alongside this, you will be required to pay a GST of 3% when purchasing silver in Bhubaneswar.

What are the different ways to invest in silver in Bhubaneswar?

As an investment, you can purchase silver jewellery, bars and coins or opt for silver ETFs. You can also buy silver antiques.

How to check the purity of silver purchased in Bhubaneswar?

The purity of silver can be determined using a magnet, as pure silver is non-magnetic. While not obligatory, there exists a standardised hallmarking system for silver that offers details about the metal’s purity. To verify the purity of your silver item, look for this hallmark on your purchased article.

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