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Today Silver Rates In Odisha

26 Jun 2022

silver rate today india

₹57.54

( Per Gram )

silver price today

₹57546

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram57.5457.100.76%
10 gram57546570980.78%

Silver Rates In Odisha for Last 90 Days

26 Jun 2022

Date1 gramBar Silver 1KG
2022-06-26₹ 58.54₹ 57,546
2022-06-24₹ 57.10₹ 57,098
2022-06-23₹ 58.18₹ 58,185
2022-06-21₹ 59.54₹ 58,540
2022-06-20₹ 59.81₹ 58,819
2022-06-19₹ 59.77₹ 58,768
2022-06-17₹ 59.30₹ 59,298
2022-06-16₹ 59.84₹ 58,840
2022-06-14₹ 57.42₹ 57,419
2022-06-13₹ 60.60₹ 59,601
2022-06-12₹ 60.50₹ 59,502
2022-06-11₹ 60.50₹ 59,503
2022-06-10₹ 59.62₹ 58,620
2022-06-09₹ 60.76₹ 59,761
2022-06-08₹ 60.08₹ 60,073
2022-06-07₹ 60.72₹ 59,718
2022-06-06₹ 59.21₹ 59,212
2022-06-05₹ 59.24₹ 59,242
2022-06-04₹ 59.24₹ 59,243
2022-06-03₹ 60.41₹ 60,405
2022-06-02₹ 59.79₹ 58,784
2022-06-01₹ 58.33₹ 58,325
2022-05-31₹ 59.18₹ 59,183
2022-05-30₹ 60.56₹ 59,559
2022-05-29₹ 60.75₹ 59,743
2022-05-28₹ 60.75₹ 59,743
2022-05-27₹ 59.27₹ 59,275
2022-05-26₹ 59.24₹ 59,242
2022-05-25₹ 60.52₹ 59,520
2022-05-24₹ 59.59₹ 58,589
2022-05-23₹ 59.45₹ 59,447
2022-05-22₹ 59.85₹ 58,851
2022-05-21₹ 59.85₹ 58,851
2022-05-20₹ 59.97₹ 58,968
2022-05-19₹ 58.74₹ 57,736
2022-05-18₹ 58.29₹ 58,288
2022-05-17₹ 58.44₹ 58,440
2022-05-16₹ 57.14₹ 57,134
2022-05-15₹ 57.87₹ 56,875
2022-05-14₹ 57.87₹ 56,875
2022-05-13₹ 56.88₹ 55,882
2022-05-12₹ 58.04₹ 58,042
2022-05-11₹ 57.15₹ 57,145
2022-05-10₹ 59.70₹ 58,701
2022-05-09₹ 60.74₹ 59,733
2022-05-08₹ 60.82₹ 59,828
2022-05-07₹ 60.82₹ 59,828
2022-05-06₹ 60.81₹ 59,813
2022-05-05₹ 61.80₹ 60,803
2022-05-04₹ 60.09₹ 60,081
2022-05-03₹ 61.52₹ 60,518
2022-05-02₹ 60.35₹ 60,346
2022-05-01₹ 63.51₹ 62,515
2022-04-30₹ 63.51₹ 62,515
2022-04-29₹ 63.56₹ 62,563
2022-04-28₹ 62.49₹ 62,498
2022-04-27₹ 63.89₹ 62,893
2022-04-26₹ 63.05₹ 63,044
2022-04-25₹ 64.13₹ 64,134
2022-04-24₹ 64.23₹ 64,234
2022-04-23₹ 64.23₹ 64,233
2022-04-22₹ 65.58₹ 64,578
2022-04-21₹ 67.71₹ 66,704
2022-04-20₹ 67.80₹ 66,806
2022-04-19₹ 68.47₹ 68,470
2022-04-18₹ 69.58₹ 68,581
2022-04-17₹ 68.11₹ 68,117
2022-04-16₹ 68.11₹ 68,117
2022-04-15₹ 68.08₹ 68,084
2022-04-14₹ 68.94₹ 67,942
2022-04-13₹ 67.19₹ 67,190
2022-04-11₹ 65.45₹ 65,453
2022-04-10₹ 65.41₹ 65,410
2022-04-09₹ 65.41₹ 65,410
2022-04-08₹ 65.96₹ 64,960
2022-04-07₹ 64.37₹ 64,362
2022-04-06₹ 64.81₹ 63,819
2022-04-05₹ 64.35₹ 64,351
2022-04-04₹ 65.13₹ 65,129
2022-04-03₹ 65.02₹ 65,020
2022-04-02₹ 65.02₹ 65,019
2022-04-01₹ 65.48₹ 65,482
2022-03-31₹ 65.40₹ 65,395
2022-03-30₹ 65.09₹ 65,090
2022-03-29₹ 66.94₹ 65,935
2022-03-28₹ 68.56₹ 67,557
2022-03-27₹ 68.68₹ 67,678
2022-03-26₹ 68.68₹ 67,679
2022-03-25₹ 68.71₹ 67,703
2022-03-24₹ 67.01₹ 67,010

Historical Price of Silver Rate In Odisha

Trend of Silver Rate in Odisha for June 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
June 1st Rate58.5457,546
June 26th Rate58.3358,325
Highest June Rate60.4160,405
Lowest June Rate57.157,098

Trend of Silver Rate in Odisha for May 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate59.1859,183
May 31th Rate63.5162,515
Highest May Rate63.5162,515
Lowest May Rate56.8855,882

Trend of Silver Rate in Odisha for April 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate63.5162,515
April 30th Rate65.4865,482
Highest April Rate69.5868,581
Lowest April Rate62.4962,498

Trend of Silver Rate in Odisha for March 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate65.4065,395
March 31th Rate64.9363,926
Highest March Rate70.4170,416
Lowest March Rate64.9363,926

Trend of Silver Rate in Odisha for February 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate64.8263,827
February 28th Rate58.2758,272
Highest February Rate64.9663,957
Lowest February Rate58.2358,233

Introduction

Silver is one of the most precious metals and has a great demand in our country. Silver along with gold has a long history of being part of our heritage and has a place in our culture not only as a precious metal but also as auspicious. Many traditions in India involve silver offerings to the deity and it is also used even today as a great gifting option at the time of weddings or any other important occasions or ceremonies.

Silver is also a heavily traded commodity in the commodities market and the prices of silver thus change or fluctuate on a daily basis. The details of the rate of silver in the state of Odisha are mentioned below.

Factors Influencing Rates of Silver

There are many factors influencing the rates of silver in our country. Some of the main factors that influence the prices of silver and change on a day to day basis are discussed below.

Ancillary costs

There are many ancillary costs associated with silver pricing like import cost, mining costs and storage costs. These costs add to the final price of this metal and push it on a higher side.

Demand

Demand for silver is considered in the cumulative form namely, the individual demand and Investment demand. Such demand and supply dynamics play a crucial role in ascertaining the final price of the metal. Higher demand for silver results in higher final rate for silver.

Inflation

Silver prices are also affected by the inflation rate of any country. Higher inflation rates will pull the silver prices on higher side and vice versa.

Gold rates

Another factor influencing silver rates is the prices of gold. Increase in the gold prices will reflect on the rate of silver and is in direct proportion to the same i.e., silver rates will also follow these trends.

Forms of Silver available

Silver is available in many forms for personal use or investment purposes. These forms are

  • Silver coins
  • Silver bars
  • Silver bullions
  • Silver jewellery
  • Silver household items

Customers can purchase such silver in any weights or purity grade for investment purposes. Silver coins are available in the weights starting from as low as 1 gram to as high as 1 kg or 10 kg bars. Customers can get many options to choose from in case of silver coins like 1 gram or 2 gram coins, 5 gram, 10 gram, 15 gram, 25 gram, 40 gram, 50 gram, 100 gram, 200 gram, 500 gram and 1000 gram or 1 kg.

Silver bars are also available to customers in many options of weights and purity. Weight of silver bars range from 10 ounce to 1 kg.

The purity of silver available in various grades is tabled below.

Grade

Fineness

9999

999.9

9995

999.5

999

999.0

990

990.0

970

970.0

925

925.0

900

900.0

835

835.0

800

800.0

Silver Investment Options

The best option to invest in silver is in the form of silver bars and silver coins. This provides maximum return to the investor as there is no loss on account of melting of the metal or marking cost. Also there is no reduction in value of the investment on account of precious stones embedded along with silver.

Silver can be traded in the commodity market and the futures market. It can also be traded on the ETF (Exchange Traded Fund) which is currently not available in India but customers can register with a recognized stock broker that has access to such RTF and can thus gain from such trades.

Silver can be traded in MCX and NCDEX in contracts that have a base weight of 1 kg as lot sizes. These contracts are not like spot contracts and hence silver cannot be delivered on the spot upon sale of such contract.

FAQs – Silver Rate in Odisha

1. How can a person maximize their profit on investment in silver?

A person can maximize their profit in silver by considering the following factors in purchase and sale of silver.

  • The form of silver to be purchased (preferably silver coins, bars or bullions) to ensure maximum returns on investment and no unwanted dilution of value on account of other metals or stones or marking and melting costs.
  • Tracking the daily price of silver to get the maximum returns on investment.
  • Proper certification to ensure the genuineness and purity of the metal which will also ensure no hassles at the time of resale of silver.
  • Buying and selling silver through authorized dealers, sellers, jewelers and banks.

2. What is the mining cost of silver and does it affect the ultimate price of silver?

Mining cost of silver is the cost to get silver out of the mines and is one of the primary factors influencing the final rate of silver.

3. How can a person ascertain the purity of silver?

Customers can get the silver tested for purity through authorized dealers and sellers or jewelers and check for the marking on the metal as well. Apart from that there are some simple tests that can be done to determine the purity of silver like ice test, magnet test and stink test.

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