Today's Silver Rate per Kg
Silver price of Orissa - Vibrant art, music, and dance, stunning architecture, parlances, and history shape Orissa state. The famous Kalinga war, which transformed the like of King Asoka, was fought on the eastern coast of the state. The sun rises over the horizon silhouette by outlines of many temples. The lives of Orissa are simple and laid back, enjoying the tranquility and peace of nature. Temples like the Lingaraja at Bhubaneswar or the Jagannath temple in Puri exhibit the magnificence and excellence of Orissa’s architecture. Cuttack is famously called “the silver city” due to the oldest filigree manufacturing industry. Filigree is delicate craftsmanship, where silver strings are altered to fabulous ornaments, models, and showpieces. The Orissa silver rate today is almost identical to that of the national and international prices.
The prevailing price of silver
Silver price Orissa is INR 531 per10 gram. Rate of 1 kg silver in Orissa costs INR 53,150. The main factor which governs the price of silver in Orissa is the international price. The foreign exchange rate of INR to the dollar also affects the price of the white metal. Most investors consider silver, just like gold as a hedging instrument against inflation. As a chunk, almost 56% of the total output of silver is used in industrial applications; the price of silver often linked with the state of an economy. Other precious metals rise during the stock market crash or economic slowdown because of their safe heaven attribute, but silver often does not exhibit the same quality during the economic meltdown. All these factors affect the silver rate of Orissa or aaj ka Chandi ka bhav Orissa or Orissa Chandi ka bhav
Factors influencing the price of silver
Silver is both a base and precious metal. In the olden days, it was considered as more as a precious metal during economic chaos like a global trade war or Brexit crisis. Of late, the silver price is more tandem with a base metal like copper. But pandemic of COVID-19 and sluggishness of economic activity world over reinforced the safe precious metal status. Like other commodities, the demand-supply situation determines the price of silver. The demand for silver comes from jewelry, silverware, and industrial application. Experts review the current upward trend of silver to continue. Invest in silver to reap handsome profit over the long term. Know the aaj ka chandi ka bhav Orissa or aaj ka chandi ka bhav Orissa ka. Check Gold Price in Orissa