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Silver Rate Today in Bhadrak
silver rate in Bhadrak

10gm:
₹700.00
0(0.00%)
1kg:
₹70,000.00
0(0.00%)

Last updated on: 8th Mar 2023

Bhadrak is a city in the Indian state of Odisha. It is a rapidly growing city with a strong economy, driven by industries such as agriculture, textiles, and handicrafts. In recent years, gold investment has become popular in Bhadrak as a way to protect and grow one's wealth. Gold can be purchased in various forms, including coins, bars, and jewellery, and can be stored in banks or at home. When investing in gold, it is important to research and consider various options to determine the best form of investment for your individual needs and financial goals. It is also important to consider factors such as market conditions, historical performance, and the reputation of the seller or bank.

Silver Rate Comparison

Things to Remember Before Buying Physical Silver

Buying physical silver is one of the most common ways to invest in metal. But you could easily be duped by the wrong jeweller. So, here are a few things you should keep in mind before buying physical silver. 

Only buy hallmarked silver from a reputed jewellery store. A hallmark from the Bureau of Indian Standards (BIS) ensures that the silver you buy is pure. The hallmark will have four features:

  1. BIS logo
  2. The purity grade of the silver
  3. The identification of the hallmarking centre
  4. The identification mark of the jeweller. 

Check your bill carefully to ensure that you haven't been charged much. 

Make sure the bill has a detailed breakdown, which mentions the price of the silver ornament/utensil, the making charges, the GST, etc. This way, you will know how much the jeweller charged you for making money. This amount shouldn't be too high since you can't recover it when selling the jewellery or utensil. 

Silver rates as per grams in Bhadrak

GramYesterdayToday
1 gram
₹70.00
0 (0.00%)
₹70.00
0 (0.00%)
8 grams
₹560.00
0 (0.00%)
₹560.00
0 (0.00%)
10 grams
₹700.00
0 (0.00%)
₹700.00
0 (0.00%)
100 grams
₹7,000.00
0 (0.00%)
₹7,000.00
0 (0.00%)
1kg
₹70,000.00
0 (0.00%)
₹70,000.00
0 (0.00%)

How to Check the Purity of Silver? 

The purity grade of the silver is mentioned in the hallmark present in the silver bar/jewellery. 

The purity grades will range from 990 to 800. 

A purity grade of 990 means that the silver is 99% pure. Meanwhile, a purity grade of 800 means the silver is only 80% pure. This is the lowest grade of silver. 

What Grade of Silver Should You Buy? 

Now, you must only buy silver with the highest purity grade. But that's not correct. Silver is a delicate material, which is why it is often mixed with other metals and alloys. So, if you're buying silver jewellery or utensils, you should go for silver mixed with other metals, as this will make it more durable. But if you're buying silver bars purely for investment purposes, you could go for 99% pure silver.

Historical Silver Rate in Bhadrak for Last 10 Days

10 grams
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Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)

Factors That Impact the Rate of Silver in Bhadrak

Several factors, like supply chain management and demand, impact the prices of silver. Let's take a closer look at these factors:

  • Festivals and Weddings: Precious metals like gold and silver are usually in high demand during festivals and weddings. The higher the number of marriages during a season, the higher the demand for silver. 
  • Industrial Demand: Lots of industries now use silver to manufacture their products. So, if these industries are seeing high demand, the silver demand is also high. Otherwise, this demand is low. This is precisely why the demand for silver went down during the pandemic because several industries had shut down then. 
  • Economic Factors: Economic trends like recession and inflation also have a huge impact on the demand for silver. Silver is considered a hedge against inflation, so demand for silver is high if analysts forecast inflation. And demand for silver falls during a recession because people are trying to save money during the tough times.

Ways to Buy Silver in Bhadrak

There are several ways you can buy silver in Bhadrak. Here are some of the most popular options you can pursue: -

  • Physical Silver: You can buy physical silver in silver bars from either banks or jewellery stores. If you want to buy silver jewellery or silver utensils, you should go to a reputed jewellery store or an e-commerce vendor. 
  • Silver Futures: Investing in the futures market can also help you get exposure to silver. Interestingly, this investment method could allow you to make money even if silver prices fall. But the derivatives market is very risky, so be careful before you invest. 
  • Silver ETFs: Exchange Traded Funds usually track the spot price of a commodity like silver. This allows you to gain from rising silver prices without the hassle of actually buying the metal. 

FAQs of Silver Rate in Bhadrak

What is the difference between Sterling Silver, Tibetan Silver and German Silver?

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Pure silver contains 99.9% silver. Meanwhile, sterling silver contains only 92.5% silver, the rest of the material is made of other alloys to make the silver stronger. German silver and Tibetan silver, meanwhile, do not contain actual silver. They are made of other metals and only have a silver plating or a silver-coloured finish. Tibetan silver also sometimes contains harmful chemicals like arsenic and could be dangerous.

Can I get a loan against silver?

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Can I buy silver without taxes?

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Is silver a risky investment?

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Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.