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In Bihar, silver holds significant importance culturally and economically. It symbolises wealth and prosperity and is often given as a gift during auspicious occasions. Owing to its versatile use, the metal plays a crucial role in the state's various industries. As an investment avenue, silver acts as a tangible asset and a hedge against inflation, attracting both individuals and businesses. Prior to investing in silver or purchasing it, make sure to check the latest price of the metal in the state to make wise monetary decisions.
The price of silver in Bihar today is as follows:
| Weight | Silver Rate Today | Silver Rate Yesterday | Price Difference |
|---|---|---|---|
1 g |
₹109 |
₹110 |
- ₹1 |
10 g |
₹1,090 |
₹1,100 |
- ₹10 |
100 g |
₹10,900 |
₹11,000 |
- ₹100 |
*Disclaimer: The above Bihar silver rate is as of May 12, 2025, and is subject to change.
The following table provides an overview of the fluctuations in silver rates in the state over the last few days:
| Date | 10 g | 100 g | 1 kg |
|---|---|---|---|
May 12, 2025 |
₹1,090 |
₹10,900 |
₹1,09,000 |
May 11, 2025 |
₹1,100 |
₹11,000 |
₹1,10,000 |
May 10, 2025 |
₹1,100 |
₹11,000 |
₹1,10,000 |
Disclaimer: The above prices Bihar are as of May 12, 2025.
Here are some key factors to consider, which can impact the price of silver in the state:
Market shifts, influenced by global and local factors, determine silver prices in Bihar
Supply and demand forces, coupled with inflation rates, impact silver rates
A robust dollar raises silver prices, while depreciation results in a dip
RBI policies on silver transactions and monetary adjustments shape Bihar's silver rates
A spike in inflation rates can boost the demand for silver, leading to an increase in its prices
A decline in interest rates can boost silver demand, resulting in price hikes
Taxation changes, including GST, contribute to the change in silver prices in Bihar
To check the purity of silver purchased in Bihar, follow these steps:
Hallmarks and Stamps: Look for hallmarks or stamps on the silver item. These may indicate the purity level, often expressed in terms of fineness (e.g., 999 for pure silver).
BIS Certification: Ensure that the silver product has been certified by the Bureau of Indian Standards (BIS). BIS certification guarantees adherence to quality standards.
Weighing and Testing: Use a precision scale to measure the weight of the silver. Compare the weight with the specified weight, as indicated by the seller.
Magnet Test: Silver is not magnetic. Use a magnet to check if the silver item is attracted to it. Also, consider professional testing methods like an acid test or electronic tester for more accurate results.
Professional Assessment: Consult a reputable jeweller, who can professionally assess the purity of the silver through various testing methods
Yes, you are required to pay a 3% GST on every silver item purchased in Bihar. Furthermore, you may also be asked to pay making charges as applicable in the state at the time of purchase.
Yes, usually during festivities like Chhath Pooja and Makar Sankranti the local demand for silver tends to increase in the state. This results in a rise in the silver rates in Bihar.
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