Silver Rate in Bhubaneswar

  • Today's Silver Rate in Bhubaneswar ( 27 May 2022 )

    ₹ 66.6
    Today's Silver Rate per gram

    Compare Silver Rate In Bhubaneswar (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66.6 ₹ 66 ₹ 0.6 ↑
    Bar Silver (1 Kg) ₹ 66,600 ₹ 66,000 ₹ 600 ↑

    Silver Price In Bhubaneswar for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    27 May 2022 ₹ 66.6 ₹ 66,600
    26 May 2022 ₹ 66 ₹ 66,000
    25 May 2022 ₹ 66.5 ₹ 66,500
    24 May 2022 ₹ 66.5 ₹ 66,500
    23 May 2022 ₹ 65.9 ₹ 65,900
    22 May 2022 ₹ 65.9 ₹ 65,900
    21 May 2022 ₹ 65.9 ₹ 65,900
    20 May 2022 ₹ 65.9 ₹ 65,900
    19 May 2022 ₹ 65.1 ₹ 65,100
    18 May 2022 ₹ 65.1 ₹ 65,100

    Weekly & Monthly Graph of Silver Rate in Bhubaneswar

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Price in Bhubaneswar

    Silver is highly sought-after in Bhubaneshwar due to various factors including it being viewed as a conventional form of investment. Silver is extensively used in the form of silverware, gifts during festive occasions and weddings among others. Silver is sought by people across different age groups. Jewellery exhibitions are often held attracting large crowds across the city. Different items of jewellery such as bajubandh, necklaces, bracelets and rings are sold. Handcrafted jewellery by expert craftsmen from Cuttack are also much in demand.

    For many customers, silver is a viewed as an effective hedge against inflation. Small investors in Bhubaneswar are more keen on silver than the yellow metal given that the former is comparatively more affordable. Silverware, coins and articles used in rituals is also commonplace. The prices of silver in Bhubaneswar depends on various national and international factors such as correction in the yellow metal owing to a slowdown in China and so forth.

    Also Know: Gold Rate in Bhubaneswar

    Trend of Silver Rate in Bhubaneswar for April 2022 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.71,700 per kg
    April 30 Rate Rs.69,500 per kg
    Highest Rate in April Rs.75,200 on 18 April
    Lowest Rate in April Rs.68,800 per kg on 28 April and 29 April
    Overall Monthly Performance Decline
    Percentage Change -3.06%

    Trend of Silver Rate in Bhubaneswar for March 2022 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.70,000 per kg
    March 28 Rate Rs.71,300 per kg
    Highest Rate in March Rs.77,600 on 9 March
    Lowest Rate in March Rs.70,000 per kg on 1 March
    Overall Monthly Performance Incline
    Percentage Change 1.85%

    Trend of Silver Rate in Bhubaneswar for February 2022 (rates per kg)

    Parameters Silver Price (per kg)
    1 February Rate Rs.65,300 per kg
    28 February Rate Rs.70,100 per kg
    Highest Rate in February Rs.70,600 per kg on 24 February
    Lowest Rate in February Rs.64,900 per kg on 7 February
    Overall Monthly Performance Incline
    Percentage Change 7.35%

    Trend of Silver Rate in Bhubaneswar for January 2022 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.66,600 per kg
    January 31 Rate Rs.65,400 per kg
    Highest Rate in January Rs.69,300 per kg on 21 January
    Lowest Rate in January Rs.64,300 per kg on 10 January
    Overall Monthly Performance Decline
    Percentage Change -1.80%

    Also Check Silver Price in NearBy Cities of Bhubaneswar

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

    Parameters Silver Price (per kg)
    December 1 Rate Rs.66,300 per kg
    December 31 Rate Rs.66,000 per kg
    Highest Rate in December Rs.66,300 on 1 December, 28 December, and 29 December
    Lowest Rate in December Rs.64,600 per kg on 15 December
    Overall Monthly Performance Decline
    Percentage Change -0.45%

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

    Parameters Silver Price (per kg)
    November 1 Rate Rs.68,700 per kg
    November 30 Rate Rs.66,500 per kg
    Highest Rate in November Rs.71,700 on 13 and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -3.20%

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

    Parameters Silver Price (per kg)
    October 1 Rate Rs.63,700 per kg
    October 31 Rate Rs.68,900 per kg
    Highest Rate in October Rs.70,300 per kg on 25 October
    Lowest Rate in October Rs.63,700 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 8.16%

    Silver as an investment

    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 the white precious metal has a store of value. It is, therefore, considered a safe bet during any financial crises.

    According to experts, there is a strong demand for silver given that the demand for the yellow metal amongst the rural populace has seen a decline in the recent past.

    Physical silver: Silver is used in manifold ways in a wide variety of forms both for ornamentation purposes and paraphernalia associated with various traditional rituals in the city. There are several prominent stores across Bhubaneshwar which offer a wide range of silverware, coins and jewellery.

    Intricate silver jewellery with kundan work is much in demand.

    Silver contracts: The white precious metal is traded in Multi Commodity Exchange (MCX), National Multi Commodity Exchange (NMCE). The minimum contract which is traded (silver micro) is 1 kg while the initial margin is 5%. Consumers incur various other charges such as stamp duty and brokerage fees among others. Trade in silver futures is influenced by various factors such as price of gold, inflation and industrial demand among others.

    Read more on Silver

    Silver rates in Bhubaneswar

    Silver rates in Bhubaneshwar (1kg) have been hovering around Rs.37,000 in the month of December 2015. 1 kg of the white precious metal was pegged at Rs.35,273 towards end of November before plummeting to a Rs.33,589 in the middle of December, registering a -4.7% decrease over a period of 30 days. The price of the precious metal, however rose by 10% to Rs.37,185 towards the end of December 2015. The silver price witnessed fluctuations from the start of 2015 with 1 kg of silver pegged at Rs.38,463 in January. The silver rate plummeted through the following months with 1 kg of the precious metal pegged at Rs.36,754 in March, Rs.35810 in June and Rs.34970 in September. The prices rose marginally by 4.4% to Rs.36541 in the month of October.

    FAQs on Silver Rate Bhubaneswar

    1. What are the options through which I can invest in Silver?
    2. You can invest in silver through Silver ETFs of the US Market, Silver Futures Trading, by purchasing silver jewelry, antiques, silver coins, etc.

    3. What are the factors that affect the prices of Silver in India?
    4. Some of the factors which affect the prices of silver in India are the rate of Indian rupee in comparison with the US dollar, supply and demand for the metal, technology, global economic trend, etc. Sometimes, certain political factors, either domestic or international, also affect the cost of silver.

    5. How can I invest in Silver ETFs in the US Market and what is the limit?
    6. You can invest up to $200,000 in Silver ETFs in the US market through HDFC’s international trading accounts, ICICI Direct, Kotak’s international trading accounts, etc.

    7. Will the price of silver remain the same in Bhubaneswar?
    8. No, the price of silver is revised on a daily basis. Hence, the price will not be constant throughout.

    9. What is the minimum amount of silver that I can purchase on MCX?
    10. The minimum amount of silver that you can purchase on MCX is 100 grams.

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