Patna’s jewelry market has witnessed a minor decline in gold prices after a prolonged period of stability, presenting an attractive opportunity for buyers. Today, the price of 24-carat gold has fallen by ₹500, now priced at ₹1,29,700 per 10 grams. Silver rates, however, remain unchanged at ₹1,79,000 per kilogram, reflecting steady demand.
According to market experts, an increase in demand could
trigger sharp price rises soon. Although gold prices were steady for several
days, today’s slight correction signals potential upward momentum depending on
international market trends.
Latest Gold and Silver Rates in Patna
- 24-carat gold: ₹1,29,700 per 10 grams (down from ₹1,30,200)
- With GST, 24-carat gold costs ₹1,33,591 per 10 grams
- 22-carat gold: ₹1,20,000 per 10 grams (excluding GST)
- 18-carat gold: ₹98,000 per 10 grams
- Silver: ₹1,79,000 per kilogram (stable)
- Hallmarked silver jewelry: ₹1,77,000 per kilogram
- With GST, silver price rises to ₹1,82,310 per kilogram
Exchange Rates for Old Jewelry
Buyers exchanging old jewelry can get competitive rates in
Patna’s market:
- Old 22-carat gold: ₹1,17,000 per 10 grams
- Old 18-carat gold: ₹95,000 per 10 grams
- Hallmarked silver jewelry: ₹172 per gram
- Non-hallmarked silver jewelry: ₹168 per gram
Market Outlook
Industry insiders say that if there are no major
fluctuations in the global market, gold prices in Patna may remain within this
range for the near future. Traditionally, gold prices tend to rise towards the
end of the year, but this year’s market remains relatively calm. However,
sudden spikes in demand could lead to rapid price increases, making it a
crucial time for buyers to act.
This slight dip in prices marks a favorable moment for
consumers planning to invest in gold or silver, especially with the festive
season approaching.
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