Silver Rate

Silver Rates in Odisha

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Aakash Jain

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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.

Silver Price in Odisha

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

₹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

- ₹1000

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

Silver Rate in Odisha in the Last 03 Days

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

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.

Factors that Affect Silver Rates in Odisha

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 

FAQs on the Silver Rate in Odisha

Silver Rate
Why does silver price fluctuate in Odisha?

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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Hi! I’m Aakash Jain
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Aakash is a seasoned marketing and finance professional with over five years of experience. With a unique blend of financial expertise and creative flair, he excels in crafting succinct, user-friendly content that empowers readers to make well-informed choices. Specialising in articles, blogs, and website pages for loan products, Aakash is dedicated to simplifying complex concepts and delivering valuable insights that resonate with diverse audiences.

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