Silver Rate in Odisha

  • Today's Silver Rate In Odisha ( 16 May 2021 )

    ₹ 71
    Today's Silver Rate per gram

    Compare Silver Rate In Odisha (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 71 ₹ 71 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 71,000 ₹ 71,000 ₹ 0 ↑

    Silver Price In Odisha for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    16 May 2021 ₹ 71 ₹ 71,000
    15 May 2021 ₹ 71 ₹ 71,000
    14 May 2021 ₹ 70.5 ₹ 70,500
    13 May 2021 ₹ 71.13 ₹ 71,130
    12 May 2021 ₹ 71.5 ₹ 71,500
    11 May 2021 ₹ 71.6 ₹ 71,600
    10 May 2021 ₹ 71.5 ₹ 71,500
    09 May 2021 ₹ 71.5 ₹ 71,500
    08 May 2021 ₹ 76.5 ₹ 76,500
    07 May 2021 ₹ 74.2 ₹ 74,200

    Weekly & Monthly Graph of Silver Rate in Odisha

    • 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 Rate in Odisha

    Odisha, the temple state of India is known for its culture and history, occupying an important place in the country. Home to the ancient Kalinga kingdom, silver has been an intrinsic component of the state, with it being used for trade, commerce and industrial purposes. Odisha has been on the road to progression, with new cities and job opportunities meaning that people have more income, income which can be used to invest in silver. Silver prices in Odisha depend on international trends, primarily owing to the fact that most of the silver consumed in the state is imported.

    Silver as an investment

    Silver is a cost effective and multi utility metal, offering a host of benefits to owners. Given the risk factors associated with most investments, individuals always have the thought of losing their hard earned money at the back of their mind. Silver is generally risk free, with an insatiable global demand heralding good news for investors. Residents of Odisha view silver as auspicious, making it an integral part of all celebrations in the state. Silver in its physical form and silver contracts are the popular modes of investment in Odisha.

    Silver contracts and futures – Silver futures and contracts are relatively new investment options, with people yet to open up to them wholeheartedly. Investors who are aware of markets and their functioning could choose this, with a great opportunity to make profits. Typically, purchasing silver through markets is limited to people who wish to buy silver in bulk, not for those who want minute quantities of it. One can participate in market trade through the National Commodity Exchange, the Multi Commodity Exchange and the National Commodity and Derivatives Exchange.

    Physical silver – For millions across Odisha, purchasing silver in the form of coins or jewellery continues to be their only way of owning this precious metal. Jewellery and coins can be purchased in different weights, ensuring that one can find something for every budget. Silver coins can be purchased from banks and jewellers, with the ones from banks costing more on account of quality checks and assurance. Jewellery is perhaps the most preferred investment option for people, with it being purchased across the year. Silver utensils, statues, chains, amulets, rings, etc. are some of the popular products available.

    Read more on Silver

    Silver Rate - Sitemap

    News About Silver Rate in Odisha

    • Gold and silver prices slip in the domestic markets

      The value of gold dipped from Rs.48,390 per 10 grams to Rs.48,220 per 10 grams. Silver prices were trading at Rs.66,600 per kg. In New Delhi, the price of 22-karat gold had declined to Rs.44,200 per 10 grams and 24-karat gold was priced at Rs.45,950 per 10 grams.

      The import of gold in the country was reduced by 3.3% to $26.11 billion in April 2020 and February 2021. In the international market, gold prices declined by 1% as investors shifted to other assets such as Treasury bonds and the U.S. dollar.

      Spot gold declined by 0.8% to $1,730.45 per ounce and U.S. gold futures had declined by 0.7% to $1,729.60 per ounce.

      24 March 2021

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.