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Silver Rate Today in Bhubaneswar
Silver Rate in Bhubaneswar
| Weight | Today | Yesterday |
|---|
| 10 Gram | ₹2,089.00 -2.00 (-0.10%) | ₹2,091.00 1.00 (0.05%) |
| 100 Gram | ₹20,890.00 -20.00 (-0.10%) | ₹20,910.00 10.00 (0.05%) |
| 1 Kg | ₹2,08,900.00 -200.00 (-0.10%) | ₹2,09,100.00 100.00 (0.05%) |
Silver price today in Bhubaneswar
Silver is a valuable metal widely used in jewellery, utensils, coins, and other products. Like many commodities, silver is actively traded...Steps for Buying Silver in Bhubaneswar
- Choose your silver type:Decide between coins, bullions, jewellery, or digital silver. Coins are easy to access, bullions offer high purity, jewellery involves making charges, and digital silver requires no physical storage.
- Select a trustworthy seller:Consider banks for coins and bullions, authorised jewellers for hallmark silver, government mints for guaranteed purity, or commodity exchanges for digital silver.
- Understand pricing:Stay updated on current silver rates, opt for hallmarked silver for assured quality, and factor in making charges if purchasing jewellery.
- Make your purchase:Choose your payment method and ensure you receive a receipt detailing the silver's purity and weight.
- Secure storage:Store your silver safely in a bank locker, home safe, or digitally in your investment portfolio.
- Monitor the market: Keep track of market trends to decide the best time to buy or sell your silver.
Factors Determining Silver Prices in Bhubaneswar
- Supply and demand:Silver prices rise with increased demand from industries, jewellery purchases, or investments. Conversely, disruptions in mining and recycling can impact supply, driving prices up or down.
- Economic trends:During economic growth, silver prices increase due to higher demand for manufacturing and jewellery. In downturns, silver is seen as a safe haven, often leading to a price rise. Factors like GDP growth, inflation, and employment rates also influence investor behaviour.
- US dollar strength:Silver is globally traded in US dollars. A weaker dollar makes silver cheaper for foreign buyers, increasing demand and prices, while a stronger dollar can have the opposite effect.
- Geopolitical events:Wars or major political shifts drive investors toward precious metals like silver to hedge against uncertainty, often boosting prices in Bhubaneswar.
- Inflation: As currency value declines, investors turn to assets like silver that retain value, pushing prices higher.
- Interest rates:Lower interest rates make non-yielding assets like silver more appealing, increasing demand and prices.
- Market sentiment:Perceptions of future economic conditions, inflation, and geopolitical stability drive speculative trading, influencing silver rates in Bhubaneswar.
Impact of Global Markets on Silver Rates in Bhubaneswar
- Supply and demand:Disruptions in Silver mining or shifts in industrial demand can reduce global supply, pushing prices up.
- Currency exchange rates:A weaker dollar can make silver cheaper for non-U.S. investors, increasing global demand and driving prices higher. Conversely, a stronger dollar can lower demand and prices.
- Investor sentiment:Geopolitical events or economic uncertainties often lead investors to seek safe-haven assets like silver, boosting its demand and price.
- Commodity market linkages:Commodity market linkages: Silver prices often move in tandem with other precious metals like gold. If gold prices rise due to inflation or interest rate changes, silver prices usually follow.
- Trade policies:Import tariffs and restrictions can impact silver supply. Higher import costs typically lead to higher prices.
- Macroeconomic indicators:Macroeconomic indicators: Economic indicators like industrial production and consumer spending influence demand. Strong economic growth can boost demand and prices, while slowdowns can have the opposite effect.
Things to Know Before Investing in Silver in Bhubaneswar
- Forms of Silver:Choose from physical silver, ETFs, or silver mining stocks, depending on your investment goals.
- Market volatility:Silver is more volatile than gold, offering potential for quick gains but also higher risk. Be prepared for fluctuations.
- Track prices:Silver rates are influenced by global economics and supply-demand factors. Stay updated to make informed decisions.
- Purity & quality:When buying physical silver, look for purity marks like 999 or hallmarked silver to ensure quality.
- Tax implications:Different silver investments have varying tax obligations. Plan accordingly.
- Diversification:Silver can diversify your portfolio, providing stability and a hedge against market volatility and inflation.
- Investment term:Decide whether you're investing for long-term value storage or short-term trading.
- Avoid jewellery:If investing, opt for coins or bars instead of jewellery to avoid high making charges.This version is more direct, making it easier to read while maintaining key information.
Invest in Silver ETFs
Explore investing in silver via Exchange Traded Funds (ETFs)
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Silver Investment in Bhubaneswar
Difference between physical silver and silver ETF
The main difference between investing in physical silver and silver ETFs is the risks and benefits associated with the way silver is owne...
Is Silver investment safe in Bhubaneswar
Investing in Silver in Bhubaneswar can be considered a relatively safe option, but it comes with its own set of risks.
Verification of hallmarked silver in Bhubaneswar
To verify hallmarked silver in Bhubaneswar, look for the Bureau of Indian Standards (BIS) hallmark, a triangle with a dot inside, confirming the silver’s tested purity. Additionally, check the purity grade, usually marked as 925 or 999, indicating the percentage of silver (e.g., 92.5% for sterling silver).
Each registered jeweller has a unique identification mark engraved on the silver, such as a logo or code, which helps trace the seller. The year of hallmarking is also important, as it shows when the item was certified.
For better verification, use the BIS Care app to check the authenticity by entering the Hallmark Unique Identification (HUID) number found on the item. Alternatively, you can verify the hallmark on the BIS website.
Smart ways to invest in silver in Bhubaneswar
Depending on your financial goals and risk tolerance, you can explore various ways to invest in silver:
- Physical Silver:Buying coins, bars, or bullion offers tangible ownership and security during economic uncertainty. However, consider the costs of storage and insurance.
- Silver ETFs:Exchange-Traded Funds (ETFs) allow you to invest in silver without owning it physically. They are traded like stocks, offering high liquidity and ease of trading.
- Silver Mining Stocks:Investing in silver mining companies can provide leveraged exposure to silver prices. When silver prices rise, mining stocks often see significant gains.
- Silver Futures:For experienced investors, trading silver futures contracts can offer high returns, though it carries greater risk due to market volatility.
Here are the key benefits of investing in Silver in Bhubaneswar
- Strong cultural significance drives consumer demand, positively impacting prices
- More affordable than Gold while still offering portfolio diversification
- Acts as a safe asset during economic uncertainty
- Historically shows significant price appreciation during certain cycles
- Expanding investment options like Silver ETFs and digital Silver
- Tax advantages when investing through an Individual Retirement Account (IRA)
- Improved accessibility through the India International Bullion Exchange (IIBE).
Silver Rate Analysis - (100gram)
| Silver Rate | Silver |
|---|
| Dec 1 | ₹2,090.00 |
| Dec 3 | ₹2,089.00 |
| Highest in Dec | ₹2,091.00 |
| Lowest in Dec | ₹2,089.00 |
| Overall performance | Falling |
Month Wise Silver Rate
Silver Price in Bhubaneswar, Dec 2025 | |
|---|---|
| Rate | Silver Price |
| Dec 1 | ₹20,900.00 |
| Dec 3 | ₹20,890.00 |
| Highest in Dec | ₹20,910.00 |
| Lowest in Dec | ₹20,890.00 |
| Overall performance | Falling |
Silver Price in Bhubaneswar, Nov 2025 | |
|---|---|
| Rate | Silver Price |
| Nov 1 | ₹16,400.00 |
| Nov 30 | ₹20,500.00 |
| Highest in Nov | ₹20,500.00 |
| Lowest in Nov | ₹16,400.00 |
| Overall performance | Rising |
Silver Price in Bhubaneswar, Oct 2025 | |
|---|---|
| Rate | Silver Price |
| Oct 1 | ₹16,340.00 |
| Oct 31 | ₹16,400.00 |
| Highest in Oct | ₹20,940.00 |
| Lowest in Oct | ₹16,320.00 |
| Overall performance | Rising |
Silver Price in Bhubaneswar, Sep 2025 | |
|---|---|
| Rate | Silver Price |
| Sep 1 | ₹13,720.00 |
| Sep 30 | ₹16,240.00 |
| Highest in Sep | ₹16,240.00 |
| Lowest in Sep | ₹13,720.00 |
| Overall performance | Rising |
Silver Price in Bhubaneswar, Aug 2025 | |
|---|---|
| Rate | Silver Price |
| Aug 1 | ₹12,720.00 |
| Aug 31 | ₹13,330.00 |
| Highest in Aug | ₹13,340.00 |
| Lowest in Aug | ₹12,520.00 |
| Overall performance | Rising |
Silver Price in Bhubaneswar, Jul 2025 | |
|---|---|
| Rate | Silver Price |
| Jul 1 | ₹11,990.00 |
| Jul 31 | ₹12,940.00 |
| Highest in Jul | ₹13,140.00 |
| Lowest in Jul | ₹11,990.00 |
| Overall performance | Rising |
Silver Rates Over Last 10 days - (100gram)
| Date | Silver Rates |
|---|
| 3 Dec 2025 | ₹20,890.00 -0.10% |
| 2 Dec 2025 | ₹20,910.00 0.05% |
| 1 Dec 2025 | ₹20,900.00 1.95% |
| 30 Nov 2025 | ₹20,500.00 4.54% |
| 29 Nov 2025 | ₹19,610.00 1.55% |
| 28 Nov 2025 | ₹19,310.00 2.12% |
| 27 Nov 2025 | ₹18,910.00 1.07% |
| 26 Nov 2025 | ₹18,710.00 1.74% |
| 25 Nov 2025 | ₹18,390.00 -0.59% |
| 24 Nov 2025 | ₹18,500.00 0.00% |
Silver Rates in Major Cities - (100gram)
| City | Silver Rates |
|---|
| Bangalore | ₹19,990.00 |
| Bhubaneswar | ₹20,890.00 |
| Chennai | ₹20,590.00 |
| Coimbatore | ₹20,590.00 |
| Delhi | ₹20,490.00 |
| Hyderabad | ₹21,190.00 |
| Kolkata | ₹19,990.00 |
| Mumbai | ₹20,390.00 |
| Mysore | ₹19,990.00 |
| Pune | ₹20,390.00 |
Frequently Asked Questions
Should I buy silver bars or coins in Bhubaneswar?
How can i test the purity of silver?
- 1. Magnet Test: Genuine silver is non-magnetic. If a magnet attracts the item, it is likely not real silver.
- 2. Ice Cube Test: Put an ice cube on the silver; if it is melting too quickly, then the object is probably authentic because of silver's high thermal conductivity.
- 3. Acid Test: Put a drop of nitric acid on an inconspicuous area. True silver changes colour while others do not.
Is it necessary to buy a silver ornament that is hallmarked?
How many grams is equal to 1 tola in silver?
What is the highest purity grade that can be provided to silver?
Is the price of silver the same throughout India?
What's in news?
Upstox • 7h
MCX silver rallies to fresh record high above ₹1.84 lakh/kg; Gold also surges on Dec 3
Upstox • 5d
Silver futures soar to record high above $56 per ounce mark; Gold also soars
Upstox • 6d
MCX Gold future trade flat, Silver gain momentum; check today’s trade setup
Upstox • 14d
MCX Gold and Silver rise amid global uncertainty, Crude Oil trades in a narrow range; check today’s trade setup
Upstox • 16d
MCX Gold retreat from trendline resistance; Crude oil remains under pressure
Upstox • 20d
MCX Gold and Silver trade higher, extends recovery in November; check today’s trade setup
Upstox • 22d
MCX Gold and Silver trades near crucial resistance level; check today’s trade setup
Upstox • 27d
MCX Gold and Silver consolidate around 21 EMA, Crude Oil trades near ₹5,400; check key technical levels
Upstox • a month
MCX Gold and Silver trade higher, finds support near 21-day EMA; check today’s trade setup
Upstox • a month
MCX Gold and Silver retrace towards 21 EMA, Crude Oil faces rejection from ₹5,500; check today’s trade setup
Upstox • 2 months
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MCX Gold future surge above ₹1.23 lakh per 10 gram, Silver hits ₹1.48 lakh; check today’s trade setup
