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Today Gold Rate In Bihar

Updated on : 22 May 2024

gold rate today

22-carat gold Rate

₹ 6,835

(Per Gram)

gold price today

24-carat gold Rate

₹ 7,456

(Per Gram)

22 Carat & 24 Carat Compare Gold Rates In Bihar (Today & Yesterday)

CaratGold Rate YesterdayGold Rate TodayPrice Change
22 Carat₹ 6,835₹ 6,835₹ 0
24 Carat₹ 7,456₹ 7,456₹ 0

Today 24 Carat Compare Gold Rate In Bihar (Today & Yesterday)

Gram24 Carat Gold Price Yesterday24 Carat Gold Price TodayPrice Change
1 GRAM₹ 7,456₹ 7,456₹ 0
8 GRAM₹ 59,648₹ 59,648₹ 0
10 GRAM₹ 74,560₹ 74,560₹ 0
100 GRAM₹ 7,45,600₹ 7,45,600₹ 0

Today 916 KDM Gold Rate In Bihar (Today & Yesterday)

Gram916 KDM Gold Rate Yesterday916 KDM Gold Rate TodayPrice Change
1 GRAM₹ 6,835₹ 6,835₹ 0
8 GRAM₹ 54,680₹ 54,680₹ 0
10 GRAM₹ 68,350₹ 68,350₹ 68,350
100 GRAM₹ 6,83,500₹ 6,83,500₹ 0

Today 22 Carat Compare Gold Price In Bihar (Today & Yesterday)

Gram22 Carat Gold Price Yesterday22 Carat Gold Price TodayPrice Change
1 GRAM₹ 6,835₹ 6,835₹ 0
8 GRAM₹ 54,680₹ 54,680₹ 0
10 GRAM₹ 68,350₹ 68,350₹ 68,350
100 GRAM₹ 6,83,500₹ 6,83,500₹ 0

22 & 24 Carat Gold Rates In Bihar for Last 10 Days (1 Gram)

DatePure Gold - 24 KStandard Gold - 22 K
May 21, 2024Rs. 6,835 (-60) Rs. 7,456 (-65 )
May 20, 2024Rs. 6,895 (50) Rs. 7,521 (54 )
May 19, 2024Rs. 6,845 (0) Rs. 7,467 (0 )
May 18, 2024Rs. 6,845 (80) Rs. 7,467 (87 )
May 17, 2024Rs. 6,765 (-25) Rs. 7,380 (-27 )
May 16, 2024Rs. 6,790 (70) Rs. 7,407 (77 )
May 15, 2024Rs. 6,720 (40) Rs. 7,330 (43 )
May 14, 2024Rs. 6,680 (-40) Rs. 7,287 (-41 )
May 13, 2024Rs. 6,720 (-10)Rs. 6,720 (-10)

Historical Price of Gold Rates In Bihar

Gold Rates22 Carat24 Carat
1 st May rateRs. 6,560 Rs. 7,156
22th May rateRs. 6,835Rs. 7,456
Highest rate in MayRs. 6,895 on May 20 Rs. 7,521 on May 20
Lowest rate in MayRs. 6,560 on May 1Rs. 7,156 on May 1
Over all performanceRisingRising
% Change+4.19%+4.19%
Gold Rates22 Carat24 Carat
1 st April rate Rs. 6,365 Rs. 6,943
30th April rateRs. 6,660 Rs. 7,265
Highest rate in AprilRs. 6,820 on April 19Rs. 7,439 on April 19
Lowest rate in AprilRs. 6,340 on April 2Rs. 6,916 on April 2
Over all performanceRisingRising
% Change+4.63%+4.64%
Gold Rates22 Carat24 Carat
1 st March rateRs. 5,795 Rs.6,321
31st March rateRs. 6,280 Rs.6,850
Highest rate in MarchRs. 6,305 on March 29Rs. 6,878 on March 29
Lowest rate in MarchRs. 5,795 on March 1Rs. 6,321 on March 1
Over all performanceRisingRising
% Change+8.37%+8.37%

Indians have leaned on gold as a lucrative investment instrument for generations. The value of the US dollar and our Central Bank reserves have a significant impact on gold rates in India. During the Corona outbreak, Indians looked to gold as a safe haven due to its stability and security. The country's gold demand, which is the greatest in the world, has an impact on gold pricing in India.

Bihari people buy gold not only for investment purposes but also to adorn themselves with gorgeous jewellery. Gold is regarded auspicious in Hindu and Jain traditions, in particular. Gold decorations should be worn for major rites and occasions, according to the ancient lawgiver Manu. Aside from Diwali, one of the most important events on the Indian calendar, gold is used to commemorate regional festivals across the country: Akshaya Tritiya, Pongal, Ugadi, Durga Puja, Baisakhi, Karva Chauth and Gudi Pavda.

Gold is also important in more personal life events. It plays a significant role in weddings and other family ceremonies. In Indian tradition, giving gold as a gift is a deeply embedded aspect of marital rituals—weddings account for over half of the annual gold demand.

How can I buy gold in Bihar?

Physical gold, ETFs, Gold Funds, Sovereign Gold Bonds, and even Digital Gold are all great ways to invest in gold. However, owning physical gold is the most common and straightforward method of investing in gold.

Also Read: Gold Rates in Major Indian Cities

Where can I buy physical gold in Bihar?

Physical gold is available in the form of jewellery, coins, and bars. Physical gold can be purchased in Bihar at the following locations:

  • All the major jewellers sell gold jewellery, coins, and bars.
  • You can have gold coins stamped and sealed at specified post offices.
  • Gold coins and gold bars are sold by the majority of public and private sector banks.

When you buy gold from a jeweller or a bank, you will be charged a processing fee or wastage fee in addition to the price of the gold. This could be charged as a percentage of the gold rate, and the fees can be fairly large. For gold coins or gold bars, jewellers charge roughly 8%-10% of the gold rate as making charges. This is substantially higher in the case of jewellery. Making expenses for some exceptional jewellery pieces might reach up to 25% of the entire gold weight of the piece.

You won't get the making charges back if you sell or exchange these jewels. They will only take the weight of the gold jewel into account when determining the selling price, resulting in a significant loss for the customer. If you're looking to invest, gold jewellery isn't the best option. You should invest in gold mutual funds or exchange-traded funds (ETFs).

What are Gold Exchange-Traded Funds (ETFs)? How can I invest in them?

Investing in a Gold ETF is similar to buying stock. Physical gold is represented by gold ETFs, which are paper or dematerialized units. A Gold ETF is an exchange-traded fund (ETF) that tracks the domestic physical gold price. They are gold-based passive investment products that are based on gold prices and invest in gold bullion.

Individuals in Bihar who want to invest in gold can do so by acquiring Gold ETFs. These investments can be made quickly and easily using the internet. It has completely transformed the way people buy gold and invest in gold in Bihar. They're gaining popularity since they have a lot of advantages over buying genuine gold jewellery or coins. Trading in ETFs, on the other hand, necessitates the opening of a trading account and incurs a fee in the form of brokerage, which is often a percentage of the investment. It's possible that you'll be taxed for keeping the gold in the bank vault.

Because of the instrument's high liquidity and ease of trading, gold ETFs are popular among investors. To trade gold stocks, however, you'll need a high-risk tolerance as well as knowledge of gold as a commodity and stock markets in general. Gold prices, like all other commodity prices, fluctuate due to a variety of factors, mandating continuous monitoring and the ability to assess market inflections.

Is it safe to invest in gold mutual funds?

Gold Mutual Funds are a safer way to invest in gold. The fund invests in the equities of companies that are involved in gold and gold-related activities. Gold mutual funds' investment portfolios also contain silver, platinum, and other metals. To maximize investor returns, the fund manager uses fundamental trading research to buy and sell equities. Market factors have an impact on gold fund returns to some extent. Gold mutual funds greatly lower the risk of returns by dividing assets among a variety of investment options.

Additional Read – Mutual Funds investment in India

Low-Risk, High-Returns: Sovereign Gold Bonds

In recent years, Sovereign Gold Bonds (SGBs) has been making the rounds in the investment community. Recent market volatility and uncertainty in the worldwide market have had a substantial impact on international gold rates. Gold investors have traditionally considered SGBs to be the safest investment option.

The RBI issues SGBs on behalf of the government. India is an Indian country. They have an 8-year duration and pay a guaranteed yearly interest rate of 2.5% till maturity. You can withdraw the bond as money equivalent to the current market rate of the gold you own or as actual gold when it matures. This is a wonderful alternative for those searching for long-term gold investments because of the stability that gold investing provides.

Snapshot of different gold investment options available in Bihar

Physical GoldGold ETFsGold Mutual FundsSovereign Gold Bonds

Buy physical gold in the form of jewels, coins or bars

No physical gold involved. It is all in Demat form. 

Diverse investment options in gold funds. No need for physical gold storage. 

Gold in Demat form can be withdrawn as physical gold at the end of the term. 

Needs safe storage and a lot of space

In document form, so no hassle of storage and security

Also in document form

Also in document form

Loss during the exchange or sell-off

Risk of market volatility so needs constant monitoring

No need for constant monitoring but still impacted by market volatility

Is affected by market volatility and has the option to exit after 5 years

Can be pledged in loans

Can be pledged for loans too

Not accepted as collateral by many lenders

Can be pledged against loans

Lower returns but low risk

High risk but high returns if you know how to play the market

Moderate risk and needs some research before investing but gives good returns if you stay invested for a long time

Low risk and low returns but a safe investment avenue

FAQs of Today Gold rate in bihar

1. Do I need a Demat account to invest in gold ETFs?

Yes, Gold ETFs are like stocks and shares so you need a Demat account to invest in them.

2. Which gold investment offers immediate liquidity?

Physical gold has the most liquidity since you can take it to any jeweller in your area and sell it for cash. When you sell or swap physical gold, though, you may lose money. Gold mutual funds can be redeemed and the money credited to your account within a few business days, making them a considerably more liquid option than real gold.

3. What exactly is 916 gold?

22-carat gold is called 916 gold. The number 916 is used to indicate the purity of gold in the finished product, such as 91.6 grams of pure gold in a 100 grams’ alloy. Since pure gold is too soft to make intricate jewellery, 916 gold is a viable alternative.

4. Why is the rate of gold different in different states of India?

The final rate of gold is determined based on the transportation charges and the local jewellery associations. So the rate is different in different states of India.

5. What are the factors that influence gold rate in India?

The gold rate in India is influenced by factors like inflation, demand & supply, interest rates, government reserves and the Indian market.

6. Which is better for investing? 22kt or 24kt gold?

22kt is generally used to make jewellery and 24kt gold is pure gold. If you are planning to buy gold coins or bars, there is not much difference. But if you are planning to buy 22kt jewellery, you may have to bear making charges and wastage charges.

7. Which is the best place to buy gold coins and bars?

Gold coins or bars are available in post offices, banks and jewellery shops. As long as the coins are hallmarked and come in sealed packages, you can buy them in either of the places.

8. Does gold rate change every day?

Yes, the gold rate is dependent on various factors and hence keeps fluctuating every day, even if a small percentage.

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