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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.
Here is the price of silver in Bhubaneswar today:
Weight |
Silver Rate Today |
Silver Rate Yesterday |
Price Difference |
|---|---|---|---|
1 g |
₹102 |
₹103 |
- ₹1 |
10 g |
₹1,020 |
₹1,030 |
- ₹10 |
100 g |
₹10,200 |
₹10,300 |
- ₹100 |
1 kg |
₹1,02,000 |
₹1,03,000 |
- ₹1,000 |
*Disclaimer: The rates mentioned above are subject to change as per market conditions
The following table provides an overview of the changes in silver rates in Bhubaneswar over the last 03 days:
Date |
1 g |
10 g |
100 g |
1 kg |
|---|---|---|---|---|
April 09, 2025 |
₹ 102 |
₹ 1,020 |
₹ 10,200 |
₹ 1,02,000 |
April 08, 2025 |
₹ 103 |
₹ 1,030 |
₹ 10,300 |
₹ 1,03,000 |
April 07, 2025 |
₹ 103 |
₹ 1,030 |
₹ 10,300 |
₹ 1,03,000 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
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)
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.
As an investment, you can purchase silver jewellery, bars and coins or opt for silver ETFs. You can also buy silver antiques.
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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