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Today Silver Rates In Bihar

20 Jan 2021

gold rate

₹64.82

( Per Gram )

gold rate

₹64817

1 Kg

TodayYesterdayChange(%)
1 gram64.8264.820.00%
10 gram64817648170.00%

Silver Rates In Bihar for Last 90 Days

20 Jan 2021

Date1 gramBar Silver 1KG
2021-01-2065.8264,817
2021-01-1965.8264,817
2021-01-1865.8264,817
2021-01-1765.7964,789
2021-01-1665.7864,781
2021-01-1567.0467,037
2021-01-1467.5566,552
2021-01-1367.7566,745
2021-01-1266.8565,849
2021-01-1167.7266,713
2021-01-1067.7266,713
2021-01-0965.4565,447
2021-01-0871.4871,473
2021-01-0771.8770,870
2021-01-0672.0772,062
2021-01-0571.9970,984
2021-01-0469.9668,963
2021-01-0369.9668,963
2021-01-0269.9668,963
2021-01-0169.7368,736
2020-12-3169.3269,325
2020-12-3069.5968,592
2020-12-2969.1769,171
2020-12-2868.1768,172
2020-12-2768.9067,903
2020-12-2668.9067,903
2020-12-2568.7767,772
2020-12-2468.8967,891
2020-12-2367.6466,636
2020-12-2269.1669,158
2020-12-2168.9167,918
2020-12-2068.9167,918
2020-12-1968.9367,932
2020-12-1868.2668,265
2020-12-1766.7965,786
2020-12-1664.4064,403
2020-12-1563.9062,908
2020-12-1463.1563,151
2020-12-1363.1563,151
2020-12-1263.2663,261
2020-12-1163.1763,171
2020-12-1062.4962,492
2020-12-0965.9664,957
2020-12-0865.9164,910
2020-12-0764.8563,849
2020-12-0664.8563,849
2020-12-0564.7063,707
2020-12-0463.3063,303
2020-12-0363.2763,276
2020-12-0263.9362,935
2020-12-0160.6959,686
2020-11-3058.2058,199
2020-11-0364.7463,737
2020-11-0263.5662,565
2020-11-0163.0963,088
2020-10-3163.0563,049
2020-10-3062.0662,064
2020-10-2962.0362,034
2020-10-2864.4764,472
2020-10-2764.3264,320
2020-10-2665.9464,937
2020-10-2565.9464,937
2020-10-2465.8564,853
2020-10-2365.0165,007
2020-10-2266.9365,927
2020-10-2165.1565,147
2020-10-2064.6363,627
2020-10-1963.4463,438
2020-10-1863.4463,438
2020-10-1764.6863,683
2020-10-1664.5163,516
2020-10-1564.6763,674
2020-10-1463.4163,416
2020-10-1366.8865,878
2020-10-1266.6165,604
2020-10-1166.6165,604
2020-10-1065.1965,190
2020-10-0963.5862,586
2020-10-0862.3462,344
2020-10-0762.2162,214
2020-10-0664.7363,731
2020-10-0562.1562,153
2020-10-0462.1562,153
2020-10-0362.4862,484
2020-10-0263.7762,775
2020-10-0162.5161,502
2020-09-3064.0964,090
2020-09-2962.3962,394
2020-09-2860.3460,338
2020-09-2760.3460,338

Historical Price of Silver Rate In Bihar

Trend of Silver Rate in Bihar for October 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
October 1st Rate63.0563,049
October 31th Rate62.5161,502
Highest October Rate66.9365,927
Lowest October Rate62.5161,502

Trend of Silver Rate in Bihar for November 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
November 1st Rate58.2058,199
November 30th Rate63.0963,088
Highest November Rate64.7463,737
Lowest November Rate58.258,199

Trend of Silver Rate in Bihar for December 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
December 1st Rate69.3269,325
December 31th Rate60.6959,686
Highest December Rate69.3269,325
Lowest December Rate60.6959,686

Trend of Silver Rate in Bihar for January 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate65.8264,817
January 20th Rate69.7368,736
Highest January Rate72.0772,062
Lowest January Rate65.7864,781

Trend of Silver Rate in Bihar for September 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
September 1st Rate64.0964,090
September 30th Rate74.2674,263
Highest September Rate74.2674,263
Lowest September Rate60.0560,047

Trend of Silver Rate in Bihar for August 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
August 1st Rate73.2673,257
August 31th Rate65.3665,358
Highest August Rate78.9777,972
Lowest August Rate65.0965,090

Trend of Silver Rate in Bihar for July 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
July 1st Rate63.1163,117
July 31th Rate49.1849,181
Highest July Rate69.3669,363
Lowest July Rate48.0548,048

Trend of Silver Rate in Bihar for June 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
June 28th Rate48.2448,235
June 30th Rate48.0948,085
Highest June Rate48.2448,235
Lowest June Rate48.0948,085

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.

FAQs – Silver Rates in Bihar

1. What are the rates of silver as on the first day of November 2020?

The rates of Silver on the first day of November 2020 are Rs. Rs. 65.30 per gram and Rs. 65,300.00 per kg.

2. 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

3. 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.

4. 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.

5. 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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