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Silver Rate in Cuttack (4th February 2023)

Feb 4, 2023
76 /Gram -1.80

How silver rates in Cuttack are valued?

Silver rates in Cuttack are a direct outcome of a host of conditions in the global markets. When global rates move higher, silver prices in Cuttack follow the same trend. These days one is seeing good demand for the metal as an alternative to gold. Many investors who were not keen on buying silver are now looking at it as a serious option to gold. In fact, silver rates and gold both have moved in tandem with each other, though silver prices have moved to a lesser extent. For long-term investors it has made sense to look at silver, which has outperformed in the last 2-3 months. Overall, it is our belief that investors who want to invest for a period of 7 to 10 years would definitely find value in silver. Investors in Cuttack have always had an attachment towards silver, which is why we have seen good demand here.

What is silver hallmarking in Cuttack?

So, if you thought hallmarking was done only for gold, you need to think again. Hallmarking is also done for silver, which is why investors should look to hallmarked silver. However, the problem here is how far and to what extent hallmarked silver is available. This is something which is hard to say as writer, as we remain unsure on the ground developments. However, you and should buy quality hallmarked silver and hence visit the big ones. Another thing to remember is that even some of the banks offer silver coins and silver bars. At least in this case, one is sure of the quality of silver, which is so essential when you are selling the metal. For investors one of the things that they tend to look at is the quality, so they good prices when they sell. So, it may not be a bad idea to buy silver from banks.

Today Silver Price Per Gram/Kg in Cuttack (INR)

Gram Silver Rate
Today
Silver Rate
Yesterday
Daily Price Change
1 gram 76 77.80 -1.80
8 gram 608 622.40 -14.40
10 gram 760 778 -18
100 gram 7,600 7,780 -180
1 Kg 76,000 77,800 -1,800

Silver Rate in Cuttack for Last 10 Days

Date 10 gram 100 gram 1 Kg
Feb 3, 2023 760.00 7,600.00 76000.00 -1800
Feb 2, 2023 778.00 7,780.00 77800.00 1800
Feb 1, 2023 760.00 7,600.00 76000.00 1500
Jan 31, 2023 745.00 7,450.00 74500.00 -200
Jan 30, 2023 747.00 7,470.00 74700.00 500
Jan 29, 2023 742.00 7,420.00 74200.00 0
Jan 28, 2023 742.00 7,420.00 74200.00 -400
Jan 27, 2023 746.00 7,460.00 74600.00 -400
Jan 26, 2023 750.00 7,500.00 75000.00 1000
Jan 25, 2023 740.00 7,400.00 74000.00 0

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Cuttack

  • Silver Price Movement in Cuttack, January 2023
  • Silver Rates 1 Kg
    1 st January rate Rs.74,300
    31st January rate Rs.74,500
    Highest rate in January Rs.75,800 on January 16
    Lowest rate in January Rs.73,500 on January 6
    Over all performance Rising
    % Change +0.27%
  • Silver Price Movement in Cuttack, December 2022
  • Silver Price Movement in Cuttack, November 2022
  • Silver Price Movement in Cuttack, October 2022
  • Silver Price Movement in Cuttack, September 2022
  • Silver Price Movement in Cuttack, August 2022

Silver rates in Cuttack could gather steam in the future

Investors are now increasingly beginning to turn their attention to silver from gold, as the latter prices have risen sharply. Those who have been on the sidelines waiting for prices to fall are still waiting as rates in Cuttack have not fallen as sharply. A further fall in in rates may leave investors with an opportunity to buy into silver. However, over the past many years what we have noticed that is silver barely gives solid returns over the longer term. In fact, the returns over the longer term may be less than equities and even less than bank deposits, which can now offer you very good interest rates. If you are looking to diversify your investment, than silver could be a good options or else investors must stick to the less risky asset class.

Looking at buying online Silver jewellery in Cuttack? Here are a few things to note

Silver rates in Cuttack have been on a roll for the last few weeks. This is largely following a global trend, where investors have largely been buying into silver for long-term investments. If you are looking to buying silver in Cuttack, the one thing we wish to emphasize that one is not sure whether online prices would definitely be lower. However, what we do know is that there is a scope for bargaining especially for jewellery making charges, when you do not buy online. This offers silver jewellery buyers the scope of getting it much cheaper, through the online mechanism. We would advocate buyers to visit the jewellers and may enquiries and also check the prices of silver in Cuttack online. It's hard to say at the moment, which would be cheaper.

Disclaimer: There maybe definitely a variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious silver. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on silver information provided. Silver rates are the futures rates across all cities in India and hence there maybe price variation.

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