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Today Silver Rates In Bihar

19 May 2022

silver rate today india

₹59.38

( Per Gram )

silver price today

₹59378

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram59.3859.95-0.96%
10 gram5937859945-0.95%

Silver Rates In Bihar for Last 90 Days

19 May 2022

Date1 gramBar Silver 1KG
2022-05-19₹ 59.38₹ 59,378
2022-05-18₹ 60.95₹ 59,945
2022-05-17₹ 60.10₹ 60,102
2022-05-16₹ 59.76₹ 58,759
2022-05-15₹ 58.49₹ 58,492
2022-05-14₹ 58.49₹ 58,492
2022-05-13₹ 57.47₹ 57,471
2022-05-12₹ 60.69₹ 59,692
2022-05-11₹ 59.77₹ 58,770
2022-05-10₹ 60.37₹ 60,370
2022-05-09₹ 61.34₹ 61,341
2022-05-08₹ 62.53₹ 61,529
2022-05-07₹ 62.53₹ 61,529
2022-05-06₹ 61.35₹ 61,347
2022-05-05₹ 63.53₹ 62,532
2022-05-04₹ 62.79₹ 61,790
2022-05-03₹ 62.24₹ 62,239
2022-05-02₹ 62.06₹ 62,062
2022-05-01₹ 64.29₹ 64,293
2022-04-30₹ 64.29₹ 64,293
2022-04-29₹ 64.37₹ 64,373
2022-04-28₹ 64.27₹ 64,275
2022-04-27₹ 65.67₹ 64,671
2022-04-26₹ 65.84₹ 64,837
2022-04-25₹ 66.96₹ 65,958
2022-04-24₹ 66.06₹ 66,061
2022-04-23₹ 66.06₹ 66,060
2022-04-22₹ 66.42₹ 66,414
2022-04-21₹ 69.60₹ 68,600
2022-04-20₹ 69.70₹ 68,706
2022-04-19₹ 70.42₹ 70,417
2022-04-18₹ 71.53₹ 70,531
2022-04-17₹ 70.05₹ 70,054
2022-04-16₹ 70.05₹ 70,054
2022-04-15₹ 70.02₹ 70,020
2022-04-14₹ 70.87₹ 69,874
2022-04-13₹ 69.10₹ 69,100
2022-04-11₹ 67.32₹ 67,314
2022-04-10₹ 67.27₹ 67,269
2022-04-09₹ 67.27₹ 67,269
2022-04-08₹ 67.81₹ 66,807
2022-04-07₹ 66.20₹ 66,192
2022-04-06₹ 66.63₹ 65,633
2022-04-05₹ 66.19₹ 66,192
2022-04-04₹ 67.99₹ 66,981
2022-04-03₹ 67.87₹ 66,869
2022-04-02₹ 67.87₹ 66,868
2022-04-01₹ 67.33₹ 67,323
2022-03-31₹ 67.26₹ 67,254
2022-03-30₹ 67.94₹ 66,941
2022-03-29₹ 68.66₹ 67,661
2022-03-28₹ 69.48₹ 69,478
2022-03-27₹ 70.60₹ 69,602
2022-03-26₹ 70.60₹ 69,603
2022-03-25₹ 70.63₹ 69,628
2022-03-24₹ 69.91₹ 68,916
2022-03-23₹ 67.26₹ 67,254
2022-03-22₹ 69.85₹ 68,856
2022-03-21₹ 68.68₹ 67,682
2022-03-20₹ 68.69₹ 67,695
2022-03-19₹ 68.69₹ 67,695
2022-03-18₹ 69.99₹ 68,996
2022-03-17₹ 68.35₹ 68,359
2022-03-16₹ 68.05₹ 68,053
2022-03-15₹ 69.50₹ 68,505
2022-03-14₹ 70.41₹ 70,414
2022-03-13₹ 71.87₹ 70,871
2022-03-12₹ 71.87₹ 70,871
2022-03-11₹ 71.76₹ 70,758
2022-03-10₹ 70.61₹ 69,616
2022-03-09₹ 72.42₹ 72,418
2022-03-07₹ 71.19₹ 71,189
2022-03-06₹ 70.24₹ 70,236
2022-03-05₹ 70.24₹ 70,236
2022-03-04₹ 68.37₹ 68,370
2022-03-02₹ 68.26₹ 68,267
2022-03-01₹ 66.88₹ 65,880
2022-02-28₹ 66.64₹ 65,642
2022-02-27₹ 65.11₹ 65,106
2022-02-26₹ 65.14₹ 65,136
2022-02-25₹ 66.78₹ 65,776
2022-02-24₹ 66.54₹ 65,539
2022-02-23₹ 64.42₹ 64,423
2022-02-22₹ 64.09₹ 64,088
2022-02-21₹ 64.97₹ 63,971
2022-02-20₹ 64.93₹ 63,935
2022-02-19₹ 64.93₹ 63,935
2022-02-18₹ 64.01₹ 64,008
2022-02-17₹ 63.22₹ 63,221
2022-02-16₹ 63.84₹ 62,847

Historical Price of Silver Rate In Bihar

Trend of Silver Rate in Bihar for May 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate59.3859,378
May 19th Rate64.2964,293
Highest May Rate64.2964,293
Lowest May Rate57.4757,471

Trend of Silver Rate in Bihar for April 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate64.2964,293
April 30th Rate67.3367,323
Highest April Rate71.5370,531
Lowest April Rate64.2764,275

Trend of Silver Rate in Bihar for March 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate67.2667,254
March 31th Rate66.8865,880
Highest March Rate72.4272,418
Lowest March Rate66.8865,880

Trend of Silver Rate in Bihar for February 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate66.6465,642
February 28th Rate60.9359,929
Highest February Rate66.7865,776
Lowest February Rate60.8659,857

Trend of Silver Rate in Bihar for January 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate60.9959,989
January 31th Rate62.0262,025
Highest January Rate65.8664,857
Lowest January Rate59.0959,089

Introduction

Silver is one of the most sought-after natural resources in the world. It is a precious metal and has many purposes other than being used for jewellery. Silver has been traditionally considered to be auspicious and has found a place in various ceremonies and rituals. Apart from personal uses and using silver as a gift, this metal is also used for industrial and commercial purposes as well as for medicinal purposes in certain cases.

Silver has a lot of demand in the state of Bihar. It is less expensive as compared to gold and hence can be bought in more quantities. The prices in the state of Bihar like any other place in India or outside are constantly changing and hence need to be monitored closely to buy it at the best time and price.

Here’s what you should know about Silver Purity

Silver like gold has various levels or variants of purity which is used to determine its quality and price. Gold is classified in purity of 18 carat, 22 carat or 24 carat purity. Silver is also graded in various purity levels. The highest level of such grade is 9999.

The different grade levels for silver are tabled below.

Grade 

Fineness

9999

999.9

9995

999.5

999

999.0

990

990.0

970

970.0

925

925.0

900

900.0

835

835.0

800

800.0

Silver as an Investment Instrument

Silver is an excellent investment instrument. Silver is priced lower as compared to the prices of gold so it can be easily used for investment purposes. Silver can be purchased in the form of silver coins or bars from authorized dealers or even from banks as the best form of investment as they give maximum returns upon resale. Silver in such form is not liable for any reduction in value on account of marking charges or on account of any other metals or stones embedded in it.

Silver is also traded in the commodity market or futures market and can be bought and sold in lots. These lots are in the lot sizes of 1 kg each. Silver can also be traded on the silver Exchange Traded Funds (ETF). ETF is the platform to trade in silver like any other commodity but ETF platforms are not available in India. Hence, customers can choose to trade in an ETF in the US market. The basic condition for such trade is to open an account and register with the ETF through a certified stock broker. As silver is traded in bulk on such platforms, it is not a place for retail or experimental traders who try to approach such trade without any experience or expertise. Such trade also has additional charges associated with it like brokerage charges, stamp duty etc.

Points to Remember while Buying Silver

There are many considerations to be factored in the process of buying silver. This ensures that customers get the best price and the correct weight according to their needs like trading or for personal use. Some of such details are mentioned below.

  • The primary thing to do while purchasing or investing in silver is observe the rates of this commodity. For this purpose, the rates of this commodity have to be tracked thoroughly and such rates change on a daily basis. This ensures that customers get the best price for silver.
  • The form in which silver is to be purchased is also an important consideration while buying silver. The purpose of purchasing silver is also to be considered while determining the form of silver. If silver is being purchased for investment reasons, silver coins and bars are the best form of investment as they give higher return value.
  • Proper certification is also required to be ascertained for purchasing silver. This ensures that the customers are not duped of their funds and have the right purity of the metal for the price they pay.
  • Mode of purchase should also be an important factor in considering at the time of purchase. The online mode of purchasing silver is available to the customers but the risks in such purchase are high as the chances of fraud are also high. Certified online sellers have to be preferred for such purchase. Offline modes of purchase are mentioned below.
    • Private dealers
    • Certified jewelers
    • Banks
    • Authorized sellers

Factors Affecting Prices of Silver

Silver rates are dynamic and are dependent on various factors. Such factors influence these rates on a daily basis and hence potential buyers have to track the rates closely to ensure that they get the best prices and silver of the purity that they want.

The factors affecting 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 above factors are considered to be internal as well as external and affect the silver rates either directly or indirectly. Hence, it is advised to be cautious of these factors and understand their relation or the reaction of silver rates to any changes in such factors.

People Also Ask Silver Rate Bihar

1. What are the various forms in which silver is available for purchase?

Silver is available in various forms like
  • Silver coins
  • Silver jewellery
  • Silver bars and bullions
  • Silver household items

2. Why are silver coins, silver bars and bullions the best form of silver for investment?

Silver coins and silver bars and bullions give maximum return of the value of the metal. Since there is no adulteration in these forms and no added stones as well. Thereby, the value of the metal is not reduced on their account and therefore customers get maximum return on such silver held by them.

3. What are the various sources of purchasing silver?

There are online as well as offline modes of purchasing silver. These various sources of purchasing silver are mentioned below. Online e-commerce portal, Authorized sellers, Jewelers, Banks. These sources have to be certified and the metal purchased also has to be certified to ensure purity of the metal and genuineness of the purchase.

4. Where can a person trade in silver?

Silver can be traded through the futures market or commodity market. This metal can be traded through an ETF in the US market or MCX and NCDEX. The contract sizes available for such trades are in the lots of 1 kg silver. These contracts are not spot contracts so cannot be delivered immediately.
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