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Stay informed with the latest silver prices in Odisha for smarter investments
The silver price in Odisha depends on many physical, economic and geopolitical factors, which cause it to fluctuate. This white metal forms an important part of many Indian religious ceremonies and traditions. It is also used for crafting jewellery and electronics.
Moreover, it is a relatively stable investment option that provides a hedge against inflation. So, buying or investing in silver can help mitigate the risk of uncertain market conditions. Before purchasing silver, you must monitor the silver rate in Odisha and decide accordingly.
See the table below to understand the silver price in Odisha today and yesterday.
| Weight | Silver Rate Today | Silver Rate Yesterday | Price Difference |
|---|---|---|---|
1 g |
₹109 |
₹110 |
- ₹1 |
10 g |
₹1,090 |
₹1,100 |
- ₹10 |
100 g |
₹10,900 |
₹11,000 |
- ₹100 |
1 kg |
₹1,09,000 |
₹1,10,000 |
- ₹1,000 |
Disclaimer: The rates mentioned above are subject to change as per market conditions
Let us look at the change in the price of silver in Odisha over the last 03 days:
| Date | 1 g | 10 g | 100 g | 1 kg |
|---|---|---|---|---|
May 12, 2025 |
₹ 109 |
₹ 1,090 |
₹ 10,900 |
₹ 1,09,000 |
May 11, 2025 |
₹ 110 |
₹ 1,100 |
₹ 11,000 |
₹ 1,10,000 |
May 10, 2025 |
₹ 110 |
₹ 1,100 |
₹ 11,000 |
₹ 1,10,000 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
Here are some key factors that affect the silver rate in Odisha:
Government policies, such as taxation, GST, transportation laws and international trades
Inflation
The increase or decrease in the demand-supply ratio
Any recent technological boom
Position of the dollar in the international market
Price of gold
Purity level of the metal
The mining and labour costs, petrol prices, and taxation rates
Silver is a precious metal with varied domestic and industrial usage in India. Since the price of silver in Odisha depends on demand-supply, inflation and the strength of the dollar, its prices will continue to change periodically.
It is used in making jewellery, electronic devices, mirrors, batteries, silver tableware and much more. Some people also buy silver for investment purposes in the form of coins and bullion.
Yes, you need to pay GST on the purchase of silver in Odisha. The applicable GST is 3%.
Silver comes in various purity levels, starting with Fine Silver, which is 99.9% pure. This is the highest quality silver, as 100% pure silver is too brittle to mould into any shape. Other varieties of silver include Sterling Silver at 96% and Britannia Silver at a purity level of 95.8%.
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