Silver Rate in Bihar

Silver Rate In Bihar Today

Bihar is renowned for its diverse heritage and culture, which sets it apart from the rest of the world. People in this country spend a large amount of money in high-priced assets such as gold and silver, as well as other financial products. This prompts them to look for the most accurate Bihar Silver Rate.

This state’s investors and traders conduct extensive research on silver prices before investing in the precious metal, ensuring them excellent returns. The primary aim of this article is to provide readers with an overview of Bihar’s Silver Levels.

They will look at the metal’s cost trends for 2019 and 2020, as well as monthly price information for the previous six months.

This will help new investors invariably as they are novices and need thorough guidance for cracking the best deals. The article also focuses on factors that affect the Silver Rate in Bihar Today.

₹ 62.8 Today’s Silver Rate per gram

Silver Rate in Bihar – 10 gm, 100 gm & 1 kg Silver Price in Bihar Today

Since silver is a precious metal whose price fluctuates every day, investors should be aware of the 1 Kg Silver Rate in Bihar.

The most common unit of measurement for this commodity is kilogrammes, so knowing the price per kilogramme would be extremely beneficial to investors.

The new prices for 10 grammes, 100 grammes, and 1 kilogramme of silver will be available to readers here. These three rates will assist them in determining the amount of money they will need to pay while purchasing silver.

Silver Rate	10 Gram	100 Gram	1 KG
Today Price (Rs.)	639	6391	63910
Yesterday Price (Rs.)	639	6390	63900
Change (Rs.)	0	0	10
Change (%)	0%	0.02%	0.02%
Performance	Stable	Improve	Improve

Date	Silver (1 gram)	Bar Silver (1 Kg)
31 Mar 2021	₹ 62.8	₹ 62,800
30 Mar 2021	₹ 68.5	₹ 68,500
29 Mar 2021	₹ 69.3	₹ 69,300
28 Mar 2021	₹ 64.7	₹ 64,700
27 Mar 2021	₹ 69.3	₹ 69,300
26 Mar 2021	₹ 69.5	₹ 69,500
25 Mar 2021	₹ 69.4	₹ 69,400
24 Mar 2021	₹ 65.3	₹ 65,300
23 Mar 2021	₹ 70.4	₹ 70,400
22 Mar 2021	₹ 71.8	₹ 71,800

Historical Price of Silver Rate In Bihar

Trend of Silver Rate in Bihar for February 2021 (rates per kg)

Silver Rate in February 2021	Silver Rate per KG
1st Feb 2021	₹ 73,000
8th Feb 2021	₹ 69,200
15th Feb 2021	₹ 69,800
22nd Feb 2021	₹ 69,200
28th Feb 2021	₹ 67,500
Highest Price	₹ 73,000
Lowest Price	₹ 67,300
Percentage Change	-7.53%

Below you can find details on the 22 carat silver rate in Bihar for February 2021. Through these points, investors will gain a deep understanding of the efficiency of this metal.

• For the month of February, the opening and closing prices for 1 kg silver in Bihar were Rs.73,000 and Rs.67,500, respectively.
• Silver fell to its lowest price of Rs.67,300 this month.
• On the 1st of February, the highest marked rate for 1 kg of this metal was Rs.73,000.
• The rate of growth of this precious metal was estimated to have changed by -7.53 percent.
• The silver rate per gramme in Bihar was higher in the first few weeks of the month before dropping in the last week.

Trend of Silver Rate in Bihar for January 2021 (rates per kg)

Silver Rate in January 2021	Silver Rate per KG
1st Jan 2021	₹ 68,100
8th Jan 2021	₹ 69,900
15th Jan 2021	₹ 66,600
22nd Jan 2021	₹ 67,400
31st Jan 2021	₹ 69,800
Highest Price	₹ 71,400
Lowest Price	₹ 63,900
Percentage Change	2.50%

The month of January is the first of the year, and it sees a lot of silver investments. The price of 22 carat silver in Bihar for the first month of 2020 is detailed below:

• Bihar’s local silver market opened on January 1st with a rate of Rs.68,100 per kg and closed on January 31st with a rate of Rs.69,800 per kg.
• The highest rate for 1 kg silver was Rs.71,400 in this province.
• The lowest silver average per kg was Rs.63,900 in January.
• The percentage change in Bihar’s silver price was estimated to be 2.50 percent, suggesting a minor depreciation.
• In this month, the silver market of Bihar closed a bit early than other months and a difference of Rs.1700 was recorded between the opening and closing rates

Silver Rate in Bihar – Trend in 2020

By projecting the first few months’ results, this article was able to present an idea about the Silver Rate Trend in Bihar for 2020.

Silver’s prices declined gradually for the first three months of the year, then rose for the next two.

The pandemic’s emergence, as well as increasing political tensions between India and China, have had a major effect on the prices.

The silver rate in Bihar is currently higher, as the stock market is steadily recovering and attracting more buyers.

What makes Silver Rate in Bihar to increase or decrease?

A variety of factors are believed to have played a role in the current improvement in the Silver Rate in Bihar. Inflation on the global market pushes up costs, while a decline in the value of the US dollar against the Indian rupee drives down silver prices.

If the Central Bank makes some positive policy changes, the prices in Bihar’s local market will fall.

If there is less demand for silver in Bihar, today’s silver cost per gramme would be lower. The Reserve Bank of India’s rate of interest and the state government’s import duty both play a significant role.

What are the various measuring units of Silver in Bihar?

In Bihar, silver is weighed in the same way as gold is, and the units are the same. Top jewellery shops in Bihar use technologically advanced measuring instruments that have the most precise measurement of the product weighed on them.

Customers can check the mass of the finished silver product on the digital board of these tools, then apply the most recent silver rate.

For weighing silver items, traders in this state use the traditional measuring units of troy weight and grammes. Silver is also calculated in million ounces, troy ounces, kilogrammes, tonnes, Masha, Tolas, and other units.

The connection between the commonly-used measuring units is stated below:

• 1 Kilogram = 1000 grams
• 1 Tola = 12 Masha
• 0.972 gram = 1 Masha
• 1 Tonne = 1000 kilograms
• 1 Troy ounce = 31.1035 grams

How much is the Tax Levied on Silver Rate in Bihar?

Prior to the adoption of the GST scheme, the Indian government levied different forms of taxes on silver. Today, however, this precious metal is subject to only one form of tax: the GST.

The new Silver Tax rate in Bihar is just 3%, and consumers must pay it on the overall price of the metal they are purchasing. If they are buying a silver product, a GST is added to the manufacturing cost, and so on.

How to check Silver purity in Bihar?

The purity of silver goods is calculated in percentages, and it has a set value that investors should be aware of. The remaining 5.21 percent of a silver product should be loaded with other metals and should contain 94.79 percent pure silver.

If an investor wants to get the best Pure Silver rate in Bihar, he should use a piece of magnet to check the purity of the metal.

If the final product attracts the magnet, it is not pure; but, if it repels, the investor may be assured in the silver’s purity.

Factors Influencing the Prices of Silver in Bihar

Silver prices fluctuate and are influenced by a variety of factors. These rates are influenced by a variety of factors on a regular basis, so prospective buyers must keep a close eye on them to ensure that they get the best prices and silver of the purity they want.

The factors that influence silver prices are mentioned below.

• Demand fluctuations (total demand i.e. including Industrial and Personal Demand)
• Import Costs
• Storage costs
• Mining Costs
• Geo-political scenarios
• Dollar fluctuations
• Government policies
• Import and Export policies
• Increase in Crude Oil prices
• Gold prices
• Inflation

These influences are both internal and external, and they have an effect on silver prices either directly or indirectly. As a result, it is prudent to be aware of these factors and to comprehend their relationship with silver rates, as well as the reaction of silver rates to any changes in such factors.

FAQs

✅ How to check today’s silver rate in Bihar?

The article will help you find out a particular day’s silver rate in Bihar. There is a link to check the current day’s silver rate provided in the article. We have laid down numbers on the Silver Price in Bihar today and yesterday and have made a relative comparison between them.

✅ Where to find silver rate in Bihar?

The silver rate in Karnataka can be found in the article. In this article, you can find the silver rate on the current day, in the last 15 days and in the past 6 months in a tabulated form. We also detail the trends that can be observed from the prices and the factors that cause the same.

✅ Is this live silver price in Bihar?

Yes, the silver price provided in Bihar is live. The rates undergo changes depending on trends. Based on this, the silver prices are updated at regular intervals to ensure that customers have access to only the latest information and data pertaining to silver rates and prices.