Silver rate in Sambalpur
silver rate in sambalpur

1gm:
77.30
0.00(0.00%)
1kg:
77,300.00
0(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Sambalpur is a district in Odisha. It is one of the largest cities in Odisha, with a population of over 1 million people, as per the 2011 census.

The silver market in Sambalpur is one of the most sought-after commodities in India. Silver is a precious metal and can be used for many industrial purposes. The demand for silver has increased over the years due to its high demand for jewellery, electronics etc., which also led to an increase in prices.

Silver rates as per grams in Sambalpur

GramYesterdayToday
1gm
77.30
0.00 (0.00%)
77.30
0.00 (0.00%)
8gm
618.40
0.00 (0.00%)
618.40
0.00 (0.00%)
10gm
773.00
0.00 (0.00%)
773.00
0.00 (0.00%)
100gm
7,730.00
0.00 (0.00%)
7,730.00
0.00 (0.00%)
1kg
77,300.00
0.00 (0.00%)
77,300.00
0.00 (0.00%)

Understanding the Demand for Silver In Sambalpur

In the industrial, medical and investment sectors of Sambalpur, silver demand is driven by the following factors:

  • Silver is used in the manufacturing of electronics. This includes smartphones, laptops and other electronic devices that require a lot of silver.
  • Silver is also used in the production of solar panels, which can be used to generate electricity or heat water for homes.

Some Interesting Facts on Sambalpur Silver Rates vs Gold

  • Silver is more affordable than gold.
  • Silver is a better investment than gold.
  • The price of silver has been rising recently due to increased demand from investors worldwide, especially in China.

Historical silver rates in Sambalpur in last 10 days

1 gram
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Day Silver
04 Feb 2023
77.30
0.00 (0.00%)
03 Feb 2023
77.30
0.00 (0.00%)
02 Feb 2023
77.30
2.50 (3.35%)
01 Feb 2023
74.80
0.30 (0.41%)
31 Jan 2023
74.50
0.30 (0.41%)
30 Jan 2023
74.20
0.00 (0.00%)
29 Jan 2023
74.20
0.00 (0.00%)
28 Jan 2023
74.20
-0.40 (-0.53%)
27 Jan 2023
74.60
-0.40 (-0.53%)
26 Jan 2023
75.00
1.00 (1.36%)

Comparative Analysis of Gold vs Silver in Sambalpur

The price of gold is higher than silver, but this doesn't mean that you should ignore it. While gold has been shown to have better returns over time, silver is still a better investment option due to its low volatility and availability in large quantities in India. Since both metals are physical commodities, they both have advantages and disadvantages when compared with other investments like stocks or bonds.

Many investors consider gold to be an excellent store of value because it doesn't fluctuate as much as other currencies as dollars do—and this makes it appealing for those who want protection against inflation or economic uncertainty ahead!

How is the Purity of Silver Evaluated in Sambalpur?

The percentage of the pure metal determines the fineness of silver that it contains. It'sIt's also known as purity or metal content. For example, if you have a coin made from 90% silver and 10% copper, this would be considered 100% fine because there is no other element present in your coin besides silver and copper.

The purity of gold can be evaluated using either its karats or its carats; however, for purposes here, we will stick with what is most readily understood by common people - gold purity when measured in gm/troy oz per troy ounce per gram (gms/troy oz).

Weekly & monthly silver rate in Sambalpur
1 gram
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7 Days
30 Days
3 Months
6 Months

How to Buy Silver in Sambalpur?

To buy silver in Sambalpur, you will need to find a seller willing to sell you the real thing. The best way to do this is by asking around or visiting local markets. 

Other important things to look out for include purity (how much silver), weight (grams), and price per gram.

Silver as an Investment in Sambalpur

Silver is often considered a "safe-haven" investment due to its low risk of depreciation compared with other precious metals such as gold or platinum. This makes silver an ideal hedge against inflationary pressures that can lead to higher prices when they occur.

Additionally, silver can also be used as an alternative currency if you want something more stable than fiat currencies—and this makes it attractive from an economic standpoint, too, because there may be less volatility involved in purchasing these kinds of items using them instead!

Trend of Silver rates in Sambalpur

1 gram
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Day Silver
01 February 202374.8
05 February 20230
Highest77.3
Lowest74.8

Paper Silver vs Physical Silver

Paper silver is not physical silver, and there are several ways in which it can be distinguished from the real thing.

Firstly, paper silver is a derivative of physical silver. It is traded on the stock market, and its value fluctuates as traders buy or sell it based on supply and demand; however, physical silver has no such action required to change its price because it cannot be reproduced by anyone other than whoever owns it at any given time.

Secondly, since you cannot physically own paper currency, unlike with physical commodities like gold or oil—both of which can be purchased with your hard-earned cash—you will never see them sitting around your house until some crisis hits us all after which someone decides that their value has increased over time due to inflationary pressures (which is always good news).

Impact of GST on Silver Rate in Sambalpur

The government of India introduced the Goods and Services Tax (GST) on July 1, 2017. It is a single tax system that has been introduced in India. In other words, it is an indirect tax that applies to all goods and services, including real estate transactions.

Compared to other taxes such as VAT, excise duty etc., GST has no specific rate structure like 17%, 18% or 20%. However, there are certain exemptions provided under this new law which allow businesses from having to pay any additional amount beyond what they would otherwise have paid under their existing arrangement with suppliers or service providers who are already registered under this new system.

FAQs of Silver price in Sambalpur

What is the difference between physical silver and paper silver?

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What are the factors affecting the price of metals?

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How do you buy silver in Sambalpur?

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