Patna: Gold and silver prices have reached new heights in Bihar, creating concern among buyers ahead of the festive and wedding season. In Patna’s jewellery market, traders said that the rising rates are discouraging customers, many of whom are waiting for prices to settle before making big purchases.
Over the past month, gold prices have increased by Rs 3,800, while silver has jumped by Rs 6,000. This sharp rise has made it difficult for ordinary families to shop for jewellery, which is usually an essential part of celebrations and marriages. While people who invested earlier have gained profits, those planning to buy now are being advised to remain patient. Experts also warned that this upward trend could continue in the coming months.
In Patna, the price of 24-carat gold stood at Rs 104,500 per 10 grams on Monday, which rises to Rs 107,635 after GST is added. The rate for 22-carat gold was Rs 96,700 per 10 grams, while 18-carat gold was selling for Rs 79,500 per 10 grams. These are some of the highest prices ever recorded in the state, making gold out of reach for many households.
Silver has also touched record levels. According to the Pataliputra Sarafa Bazaar, one kilogram of silver was being sold for Rs 120,000, or Rs 123,600 with GST. Hallmark silver jewellery was priced at Rs 118 per gram, while non-hallmark jewellery was slightly cheaper at Rs 113 per gram. The exchange rate for old gold jewellery was Rs 94,200 for 22-carat and Rs 77,000 for 18-carat. Hallmark silver jewellery was being exchanged at Rs 115 per gram.
Traders in the jewellery market said that footfall has dropped sharply as buyers have postponed their purchases. They added that if global trends remain strong, silver prices could climb as high as Rs 1,46,000 per kilogram by the end of the year. For now, the festive and wedding season in Bihar looks set to be more expensive than ever for families hoping to buy gold and silver.
