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Today Silver Rates In Bihar

28 May 2023

silver rate today india

₹68.82

( Per Gram )

silver price today

₹68815

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram68.8268.820.00%
10 gram68815688150.00%

Silver Rates In Bihar for Last 90 Days

28 May 2023

Date1 gramBar Silver 1KG
2023-05-28₹ 69.82₹ 68,815
2023-05-27₹ 69.82₹ 68,815
2023-05-26₹ 68.63₹ 67,633
2023-05-25₹ 68.91₹ 67,906
2023-05-24₹ 69.36₹ 69,358
2023-05-23₹ 70.74₹ 69,740
2023-05-22₹ 70.40₹ 70,397
2023-05-21₹ 71.67₹ 70,665
2023-05-20₹ 71.61₹ 70,608
2023-05-19₹ 69.31₹ 69,313
2023-05-18₹ 70.93₹ 69,925
2023-05-17₹ 70.98₹ 69,977
2023-05-16₹ 71.85₹ 70,853
2023-05-15₹ 71.75₹ 70,751
2023-05-14₹ 70.44₹ 70,437
2023-05-13₹ 70.48₹ 70,485
2023-05-12₹ 70.47₹ 70,469
2023-05-11₹ 74.34₹ 74,343
2023-05-10₹ 75.10₹ 75,101
2023-05-09₹ 75.80₹ 74,797
2023-05-08₹ 75.95₹ 74,946
2023-05-07₹ 75.02₹ 75,023
2023-05-06₹ 75.02₹ 75,023
2023-05-05₹ 76.30₹ 76,297
2023-05-04₹ 76.52₹ 75,518
2023-05-03₹ 74.99₹ 73,994
2023-05-02₹ 73.83₹ 72,832
2023-05-01₹ 73.03₹ 73,028
2023-04-30₹ 73.22₹ 73,220
2023-04-29₹ 73.22₹ 73,220
2023-04-28₹ 73.88₹ 72,878
2023-04-27₹ 73.89₹ 72,894
2023-04-26₹ 73.45₹ 73,449
2023-04-25₹ 74.96₹ 73,964
2023-04-24₹ 73.35₹ 73,350
2023-04-23₹ 74.56₹ 73,563
2023-04-22₹ 74.56₹ 73,563
2023-04-21₹ 74.16₹ 74,163
2023-04-20₹ 75.56₹ 74,563
2023-04-19₹ 74.97₹ 73,966
2023-04-18₹ 73.30₹ 73,295
2023-04-17₹ 74.30₹ 74,303
2023-04-16₹ 74.30₹ 74,303
2023-04-15₹ 74.24₹ 74,243
2023-04-12₹ 70.25₹ 70,254
2023-04-11₹ 70.25₹ 70,254
2023-04-10₹ 70.25₹ 70,254
2023-04-09₹ 70.25₹ 70,254
2023-04-08₹ 70.25₹ 70,254
2023-04-07₹ 70.25₹ 70,254
2023-04-06₹ 70.25₹ 70,254
2023-04-05₹ 70.25₹ 70,254
2023-04-04₹ 67.50₹ 66,505
2023-04-03₹ 67.50₹ 66,505
2023-04-02₹ 67.50₹ 66,505
2023-04-01₹ 67.50₹ 66,505
2023-03-31₹ 67.50₹ 66,505
2023-03-30₹ 67.50₹ 66,505
2023-03-29₹ 67.50₹ 66,505
2023-03-28₹ 67.50₹ 66,505
2023-03-27₹ 67.50₹ 66,505
2023-03-26₹ 67.50₹ 66,505
2023-03-25₹ 67.50₹ 66,505
2023-03-24₹ 67.50₹ 66,505
2023-03-23₹ 67.50₹ 66,505
2023-03-22₹ 67.50₹ 66,505
2023-03-21₹ 64.83₹ 63,826
2023-03-20₹ 64.83₹ 63,826
2023-03-19₹ 64.83₹ 63,826
2023-03-18₹ 64.83₹ 63,826
2023-03-17₹ 64.83₹ 63,826
2023-03-16₹ 64.83₹ 63,826
2023-03-15₹ 64.83₹ 63,826
2023-03-14₹ 64.25₹ 64,247
2023-03-13₹ 61.54₹ 60,537
2023-03-12₹ 60.19₹ 60,192
2023-03-11₹ 60.09₹ 60,092
2023-03-10₹ 59.83₹ 58,834
2023-03-09₹ 59.70₹ 58,705
2023-03-08₹ 59.86₹ 58,857
2023-03-07₹ 62.80₹ 61,800
2023-03-06₹ 62.16₹ 62,159
2023-03-05₹ 62.16₹ 62,159
2023-03-04₹ 62.16₹ 62,158
2023-03-03₹ 61.46₹ 61,464
2023-03-02₹ 62.76₹ 61,763
2023-03-01₹ 62.75₹ 61,755
2023-02-28₹ 61.98₹ 60,980
2023-02-27₹ 62.55₹ 61,553
2023-02-26₹ 62.55₹ 61,553
AXIS NEO

Historical Price of Silver Rate In Bihar

Trend of Silver Rate in Bihar for May 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate69.8268,815
May 28th Rate73.0373,028
Highest May Rate76.376,297
Lowest May Rate68.6367,633

Trend of Silver Rate in Bihar for April 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate73.2273,220
April 30th Rate67.5066,505
Highest April Rate75.5674,563
Lowest April Rate67.566,505

Trend of Silver Rate in Bihar for March 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate67.5066,505
March 31th Rate62.7561,755
Highest March Rate67.566,505
Lowest March Rate59.758,705

Trend of Silver Rate in Bihar for February 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate61.9860,980
February 28th Rate69.3569,349
Highest February Rate69.3569,349
Lowest February Rate61.9860,980

Trend of Silver Rate in Bihar for January 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate69.8668,856
January 31th Rate71.9070,900
Highest January Rate72.7771,774
Lowest January Rate68.7767,772

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.

Also Read: Gold Rate In Bihar

FAQs of Silver Rate Today In 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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