Silver price movement in Cuttack this month
Cuttack — The city recorded a rise in the benchmark silver rate on Friday, with the price of 1 kilogram of silver quoted at ₹2,64,900 on 14 August 2026, according to reporting by BusinessToday.in. The data show pronounced volatility through the month, with intra-month extremes and a net upward movement from the start of August.
Analysts and local jewellers in Cuttack monitor the kilogram silver rate closely because it informs retail and wholesale pricing, advance purchases for festivals and weddings, and small-scale investment decisions. BusinessToday.in's compiled figures indicate the month began at ₹2,47,900 per kg on 1 August and moved to a mid-month high of ₹2,73,100 and a low of ₹2,29,900.
Month-by-month trend and recent context
Monthly comparisons show continued price fluctuation across the past three months. For July, the rate opened higher but ended lower, while June saw a steeper decline from an early-month peak. The available figures are:
| Month | Opening rate (1 kg) | Closing/Selected date rate | Intra-month high | Intra-month low |
|---|---|---|---|---|
| August 2026 | ₹2,47,900 (1 Aug) | ₹2,64,900 (14 Aug) | ₹2,73,100 | ₹2,29,900 |
| July 2026 | ₹2,63,100 (3 Jul) | ₹2,39,900 (31 Jul) | ₹2,73,100 | ₹2,29,900 |
| June 2026 | ₹3,02,900 (1 Jun) | ₹2,49,900 (30 Jun) | ₹3,02,900 | ₹2,25,000 |
BusinessToday.in's compilation highlights that the overall August performance, up to 14 August, was rising relative to the month's opening figure.
What this means for Cuttack residents
- Buyers planning to purchase silver ornaments for festivals, marriages or gifts should note that the kilogram rate has risen from the start of the month and intra-month peaks may push retail premiums higher.
- Small investors who hold physical silver or buy in small quantities should consider local premiums, making sure to compare gram or tola rates offered by jewellers with the quoted kilogram benchmark.
- Traders and wholesalers in Cuttack need to factor in volatility when setting margins or advising customers; stock replenishment timing can affect cost significantly.
"Market movement this month has been volatile; buyers and sellers should watch daily quotes and local premiums before transacting," BusinessToday.in reported in its price compilation.
Local jewellers in Cuttack typically add making charges and GST to the bullion-based price when selling jewellery; therefore retail prices will be meaningfully higher than the raw kilogram rate quoted. Customers are advised to seek itemised bills and compare rates across established shops before purchase.
Practical tips for consumers in Cuttack
Residents should follow these straightforward steps to manage silver-related spending:
- Ask for the current per-gram or per-tola rate and compare it with the kilogram benchmark published by reputable financial portals and bullion price compilers.
- Check making charges, as these vary by design and jeweller and can exceed the metal cost for intricate pieces.
- When buying as an investment, consider storage, purity certification and buy-back policies offered by the seller.
The figures cited in this report are drawn from BusinessToday.in's published monthly silver-price data for Cuttack. Market participants should consult live quotations from authorised bullion dealers or recognised financial data services for intraday transactions.
Reporting note: Price data referenced in this article were taken from BusinessToday.in's compilation of silver rates for Cuttack for August, July and June 2026.
