Silver Rate in Patna Last Updated : 22 May 2022

  • Today's Silver Rate In Patna ( 22 May 2022 )

    ₹ 65.9
    Today's Silver Rate per gram

    Compare Silver Rate In Patna (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 65.9 ₹ 65.9 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 65,900 ₹ 65,900 ₹ 0 ↑

    Silver Price In Patna For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    21 May 2022 ₹ 65.9 ₹ 65,900
    20 May 2022 ₹ 65.9 ₹ 65,900
    19 May 2022 ₹ 65.1 ₹ 65,100
    18 May 2022 ₹ 65.1 ₹ 65,100
    17 May 2022 ₹ 65.4 ₹ 65,400
    16 May 2022 ₹ 64.5 ₹ 64,500
    15 May 2022 ₹ 63.7 ₹ 63,700
    14 May 2022 ₹ 63.7 ₹ 63,700
    13 May 2022 ₹ 63.4 ₹ 63,400
    12 May 2022 ₹ 65.5 ₹ 65,500

    Weekly & Monthly Graph of Silver Rate in Patna

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Price in Patna

    Popularly referred to as ‘poor man’s gold’, silver or precious white metal is highly sought-after by millions across India including Patna. Silver is bought in many forms from silverware and jewellery to artifacts and articles associated with rituals in Patna. Many consumers in Patna present silver gift articles during weddings given that the precious metal is believed to bring in good luck.

    While the upper middle-class and affluent sections of society in Patna may have the resources to buy the yellow metal, the middle-class and lower middle-class segments seek the precious metal as a valuable asset. Many small investors in Patna buy silver given that it is more accessible and affordable than the yellow metal.

    Also Know: Gold Rate in Patna

    Trend of Silver Rate in Patna for April 2022 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.71,700 per kg
    April 30 Rate Rs.69,500 per kg
    Highest Rate in April Rs.75,200 on 18 April
    Lowest Rate in April Rs.68,800 per kg on 28 April
    Overall Monthly Performance Decline
    Percentage Change 3.06%

    Trend of Silver Rate in Patna for March 2022 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.70,000 per kg
    March 28 Rate Rs.71,300 per kg
    Highest Rate in March Rs.77,600 on 9 March
    Lowest Rate in March Rs.70,000 per kg on 1 March
    Overall Monthly Performance Incline
    Percentage Change 1.85%

    Trend of Silver Rate in Patna for February 2022 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.65,300 per kg
    February 28 Rate Rs.70,100 per kg
    Highest Rate in February Rs.70,600 per kg on 24 February
    Lowest Rate in February Rs.64,900 per kg on 7 February
    Overall Monthly Performance Incline
    Percentage Change 7.35%

    Trend of Silver Rate in Patna for January 2022 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.66,600 per kg
    January 31 Rate Rs.65,400 per kg
    Highest Rate in January Rs.69,300 per kg on 21 January
    Lowest Rate in January Rs.64,300 per kg on 10 January
    Overall Monthly Performance Decline
    Percentage Change -1.80%

    Trend of Silver Rate in Patna for December 2021 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.66,300 per kg
    December 31 Rate Rs.66,000 per kg
    Highest Rate in December Rs.66,300 on 1, 28, and 29 December
    Lowest Rate in December Rs.64,600 per kg on 15 December
    Overall Monthly Performance Decline
    Percentage Change -0.45%

    Trend of Silver Rate in Patna for November 2021 (rates per kg)

    Parameters Silver Price (per kg)
    Rate on 1 November 2021 Rs.68,700 per kg
    Rate on 30 November 2021 Rs.66,500 per kg
    Highest Rate in November Rs.71,700 per kg on 13 and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -3.20%

    Trend of Silver Rate in Patna for October 2021 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.63,700 per kg
    October 31 Rate Rs.68,900 per kg
    Highest Rate in October Rs.70,300 on 25 October 2021
    Lowest Rate in October Rs.63,700 per kg on 1 October 2021
    Overall Monthly Performance Incline
    Percentage Change 8.16%

    Also Check Silver Price in NearBy Cities of Patna

    Silver Rate in Kolkata Silver Rate in Raipur Silver Rate in Guwahati
    Silver Rate in Ranchi Silver Rate in Lucknow

    Silver as an investment in Patna

    There is a view that many customers feel more secure investing in traditional forms of investment since they may be wary of financial instruments such as stocks and government bonds thanks to high rates of inflation, alleged corruption and fears about the overall business outlook. To avoid uncertainties, people, therefore, tend to prefer conventional forms of investment such as precious metals and particularly silver which is more affordable compared to gold.

    Physical silver: Silver is bought in the form of coins, bars, silverware and various gift articles. Intricate and designer silver jewellery is in demand amongst the younger populace. According to market observers, the average silver price at Rs.33,500 per kg is an attractive option for physical investment.

    Silver contracts: Customers buy silver futures contracts at commodity exchanges in the country. The contracts are, however, short-term in nature. Silver micro is traded in 1 kg. Customers should bear charges such as exchange levy and stamp duty among others.

    Silver rates in Patna

    Silver rates in Patna have been on the decline since January 2015. The precious metal was pegged at Rs.40,065 at the start of the year but plummeted in the following months. The silver rate fell by -9.0% at Rs.36424 towards the end of the February. The downward trend continued in the months of March, April and June barring minor fluctuations. Silver was pegged at Rs.36340 towards the end of June and Rs.35476 in the month of August. The price of the yellow metal stood at Rs.36,110.00 in September and rose marginally by -4.7% at Rs. 37,915 (per kg) in October. The white precious metal is pegged at Rs.34,415 per kg as of December 2015, a 5.3% decrease from Rs.36,265 in the month of November.

    FAQs on silver rate in Patna

    1. What are the charges for hallmarking silver?
    2. The cost for hallmarking silver is Rs.25 per silver article. In addition to that, the minimum charge per consignment, excluding service tax, is Rs.150.

    3. Do I have to pay GST when buying silver?
    4. Yes, a GST of 3% is levied on purchasing silver.

    5. What is the reason for the increase in silver rates?
    6. The rise in the silver rate is linked to increased market volatility as well as weakening currency markets, especially the US dollar.

    7. What are the factors that affect silver rates in India?
    8. In India, silver prices are affected by factors like inflation, gold prices, industrial demand, mining cost, and bulk purchases.

    9. Should I buy silver that is hallmarked?
    10. Yes, hallmarking of silver articles indicates its purity.

    11. What are the various forms of silver one can purchase or invest in?
    12. An individual can buy silver jewellery, silver coins, silver household items, or bars and bullions.

    13. What is the best time to purchase silver?
    14. You can invest in silver at any time of the year. However, keeping an eye on the market trends and buying when the silver price is low can be beneficial.

    Read more on Silver

    News About Patna Silver Rate

    • Silver prices decline to Rs.63,300 per kg on 28 January on the MCX

      Silver March futures traded at Rs.63,300 per kg on the Multi Commodity Exchange (MCX). This was a decrease of 1.20%, or Rs.771, from the previous trade. On 25 January, the price of silver in the spot market was Rs.64,422 per kg. On the MCX, silver futures traded at Rs.64,064 per kg which was an increase of Rs.101, or 0.17%, from the previous trade. In the global markets, spot silver fell to a price of $23.77 per ounce, which was a decrease of 0.8%.

      28 January 2022

    • Silver rates down by Rs.556 on Wednesday

      On Wednesday, the price of silver was down by Rs.556 in the national capital and was trading at Rs.59,569 per kg. In the international market, an ounce of silver cost $21.92. Gold price in Delhi was down by Rs.297 to cost Rs.47,019 per 10 grams. Globally, an ounce of the yellow metal was trading at $1,769.

      15 December 2021

    • Indian spot gold rate and silver price today

      The price of spot gold on 16 July rose by 0.94% and is recorded to be Rs.48490.

      The prices of spot gold in India saw a rise of 0.02%, despite global gold prices retailing at $1826.9 dropping by 0.14%.

      The price of platinum dropped 0.26% to $1139.0 per Troy ounce. Meanwhile in India, gold was priced at ₹48315 per 10 gram on MCX, with a change of ₹43.5. Also, the price of 24k gold in the Indian spot market was quoted at ₹48490 .

      MCX Gold on Friday, Jul 16, 2021

      Gold prices in India plunged today with futures on MCX by 0.09% to ₹48315 per 10 gram. In the previous session, gold was up 0.19% or about ₹43.5 per 10 gram.

      On MCX, silver futures grew nearly 0.19% or ₹132.8 per kg to the price level of ₹69915 per kg.

      The gold spot price today ( ₹48490) increased by ₹43.5 from yesterday ( ₹48480), whereas global spot prices saw a downturn of $2.55 to $1826.9 value today. However, the trend observed in MCX future price had a decrease of ₹43.5 and value of ₹48315 as of today.

      Currency Exchange Rate on Friday, Jul 16, 2021

      The dollar to rupee conversion has been constant since yesterday and any fluctuation today in the gold price would suggest no relation with the dollar value.

      16 July 2021

    • Silver price jumps to Rs.69,105 per kg

      The price of silver recorded an increase in the national capital on Tuesday. Silver price was up by Rs.397 in the city to cost Rs.69,105 per kg. Gold price also shot up in Delhi and recorded an increase of Rs.389. Following the hike, 10 grams of gold cost Rs.46,762. The increase was witnessed after the rates of the precious metals increased in the international market. Globally, gold and silver were trading at $1,806 and $26.63 per ounce.

      06 July 2021

    • Increase in gold prices by Rs.110 while silver increases by Rs.324

      In New Delhi, gold prices on 23 June 2021 increased by Rs.110 for 10 grams to settle at Rs.46,396 whereas in the previous trade it had settled at Rs.46,286 for 10 grams. The price of silver too increased by Rs.324 to settle at Rs.66,864 per kilogram from the price in the previous trade of Rs.66,540 per kg. Spot gold prices in Delhi also increased by Rs.110.

      24 June 2021

    • Gold price today at Rs 50,120 per 10 gm, silver trending at Rs 67,600 a kg

      Price of gold on Thursday grew Rs.50,120 for 10 gm from Rs.49,870 while silver price traded at Rs.67,600 per kg.

      In New Delhi, the cost of 22-carat gold is Rs.45,950 per 10 gm, while in Chennai it dropped to Rs.43,740. The price in Mumbai was Rs.44,850. The rate of 24-carat gold in Chennai was Rs.47,700 per 10 gm.

      Spot gold dropped 0.3% to $1,739.00 per ounce. U.S. gold futures fell 0.6% at $1,738.00.

      15 April 2021

    • Silver rates slip by Rs.331

      On Wednesday, silver price declined in the national capital. The price of the white metal slipped by Rs.331 to cost Rs.62,441 for every kilogram. In the international market, silver was trading flat at $24.09 per ounce.

      Gold price also declined on Wednesday. The rate for 10 grams of the yellow metal was down by Rs.49 to cost Rs.43,925 in the national capital. Globally, the precious metal was trading at $1,684 per ounce.

      The Indian rupee had slumped by 20 paise in the opening trade on Wednesday and settled at 73.58 against the US dollar.

      31 March 2021

    • Silver price eases on Tuesday

      On Tuesday, silver futures were trading 0.36 percent lower at Rs.65,264 per kg. On the Multi Commodity Exchange (MCX), resistance for silver was seen at Rs.66,800 level and support was placed at Rs.64,500 level.

      Gold was trading above the Rs.50,000 mark for every 10 grams after tracking a positive trend in the international spot prices. Gold futures for December delivery was trading at Rs.50,082 for every 10 grams after recording an increase of 0.27 percent.

      In the international market, spot gold price increased by 0.2 percent and was trading at $1,867.66 per ounce while US gold futures was trading at $1,871.70 after increasing by 0.3 percent.

      08 December 2020

    • Silver Price in Patna climbs to Rs.75,150 per kg

      The price of the white metal climbed to Rs.75,150 per kg in the Patna on Tuesday. When compared to the price recorded in the previous session, the rates for a kilo was up by Rs.940. On the Multi Commodity Exchange (MCX), silver September futures was trading at Rs.75,394 per kg. In the global market, the white metal was trading flat at $28.31 per ounce.

      Gold rates however declined on Tuesday. 10 grams of the yellow metal cost Rs.55,350 in the national capital. The price of 22-karat cost Rs.54,100 per 10 grams in the city while in Chennai it was priced Rs.53,580. On the MCX, August gold futures recorded an increase of 0.29 percent and was trading at Rs.54,946 per 10 grams. It must be noted here that gold is the best performing traditional asset in the world this year.

      11 August 2020

    • Silver Gains More Value Post Fed Announcement

      Silver futures posted gains on Wednesday as the Fed announced its decision to keep rates unchanged while signalling any future reviews would take a gradual approach. July delivery silver rose 1% to $17.34. Meanwhile. Gold prices were also up on Wednesday while platinum also posted gains in trading on the day. The Fed announced a gradual hike of rates in the future with any rate hikes in the near future possibly being stalled for a stronger economy.

      28 April 2016

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