Odisha · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹245.98 | ₹253.36 | ₹227.53 |
| 5 Grams | ₹1,229.90 | ₹1,266.80 | ₹1,137.66 |
| 10 Grams | ₹2,459.80 | ₹2,533.59 | ₹2,275.32 |
| 1 Tola (11.66g) | ₹2,869.06 | ₹2,955.13 | ₹2,653.88 |
| 100 Grams | ₹24,598.00 | ₹25,335.94 | ₹22,753.15 |
| 500 Grams | ₹122,990.00 | ₹126,679.70 | ₹113,765.75 |
| 1 Kilogram | ₹245,980 | ₹253,359 | ₹227,532 |
| 1 Troy Oz | ₹7,650.84 | ₹7,880.37 | ₹7,077.03 |
Today, silver prices in Bhubaneswar experienced a significant increase, rising by Rs.0.71/gram to Rs.245.98/gram. This surge is likely influenced by rising global demand for precious metals and the upcoming festive season in India, which boosts local demand. Additionally, the recent stabilization of the USD/INR exchange rate and potential changes in interest rates by the US Federal Reserve could be contributing factors to this uptick in prices.
Global macroeconomic factors are playing a crucial role in today's silver price movements. The US Federal Reserve's monetary policy decisions, particularly interest rate adjustments, can affect the demand for precious metals as they are seen as a hedge against inflation. The USD/INR exchange rate is another key factor as it influences the purchasing power of Indian consumers for imported silver. Internationally, the COMEX trends show a steady demand for silver, which is supportive of higher prices. However, Indian domestic factors such as the MCX silver prices and the impact of import duties also play a significant role, as they can influence local supply and demand dynamics.
For local consumers in Bhubaneswar, it's advisable to buy silver during the festive season to capitalize on the higher demand and potential price appreciation. Ensure to purchase from registered and BIS hallmark-certified dealers to avoid substandard products. Investing in silver can be a good strategy, especially with the current market conditions. Additionally, considering ETF options or physical silver through trusted dealers can provide a balanced approach to investing in this precious metal.
To securely buy physical silver or paper silver in Bhubaneswar, follow these steps: First, research and choose a reputable dealer or bank known for their expertise in precious metals. Second, verify that they are BIS hallmark certified to ensure the purity of the silver. Third, check for any current promotions or discounts. Fourth, if buying physical silver, ensure the purchase is backed by a receipt and the dealer has a good track record for customer satisfaction. For paper silver, consider ETF options for a more flexible investment. Lastly, always stay informed about market trends and economic indicators to make well-informed decisions.