Gold Rates in Bihar
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
The gold rate in Bihar is dynamic, varying due to numerous factors. As such, including gold in your investment portfolio at the current rate in Bihar is advisable.
Gold prices are known to fluctuate each day, and thus, to maximize your returns, it's recommended to invest in gold for the long haul.
Beyond its investment appeal, gold also serves as an excellent form of collateral for securing loans, particularly gold loans.
This dual utility – both as a stable investment option and as a reliable asset for financial leverage – underscores the multifaceted value of gold in the financial landscape of Bihar.
The gold rate in Bihar is dynamic, varying due to numerous factors. As such, including gold in your investment portfolio at the current rate in Bihar is advisable.
Gold prices are known to fluctuate each day, and thus, to maximize your returns, it's recommended to invest in gold for the long haul.
Beyond its investment appeal, gold also serves as an excellent form of collateral for securing loans, particularly gold loans.
This dual utility – both as a stable investment option and as a reliable asset for financial leverage – underscores the multifaceted value of gold in the financial landscape of Bihar.
24K Gold Rates Per Gram in Bihar
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
24K Gold Rates Per Gram in Bihar
24K Gold Rates Per Gram in Bihar
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
24K Gold Rates Per Gram in Bihar
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold Rates in Bihar
Determinants of Gold Prices in Bihar
Investors in Bihar consider liquidity, safety, and return on investment (ROI) when opting for gold. Here's a summary of the key factors influencing gold prices:
Gold's Performance During Economic Downturns:
Gold has historically performed well during periods of low equity returns, such as during the pandemic and financial crunch years.
Economic Fluctuations and Inflation:
Typically, when the economy suffers, there is a rise in the price index and inflation. During global economic slowdowns, investors with high liquidity often turn to gold as a secure investment.
Government Reserves and Import Duties:
Gold prices are influenced by government reserves and the duties imposed on imports, which are paid in USD. In India, gold prices are affected by the Reserve Bank of India's (RBI) gold-related activities and policies.
Low Fixed Deposit Interest Rates:
With lower interest rates on fixed deposits, investors are more inclined to purchase gold, thereby driving up its prices.
USD Fluctuations and Gold Imports:
Fluctuations in the US currency directly affect gold rates in Bihar, as India imports gold and pays for these imports in USD.
Global Demand and Supply Dynamics:
An increase in global demand for gold, coupled with limited supplies, contributes to rising gold prices.
Determinants of Gold Prices in Bihar
Investors in Bihar consider liquidity, safety, and return on investment (ROI) when opting for gold. Here's a summary of the key factors influencing gold prices:
Gold's Performance During Economic Downturns:
Gold has historically performed well during periods of low equity returns, such as during the pandemic and financial crunch years.
Economic Fluctuations and Inflation:
Typically, when the economy suffers, there is a rise in the price index and inflation. During global economic slowdowns, investors with high liquidity often turn to gold as a secure investment.
Government Reserves and Import Duties:
Gold prices are influenced by government reserves and the duties imposed on imports, which are paid in USD. In India, gold prices are affected by the Reserve Bank of India's (RBI) gold-related activities and policies.
Low Fixed Deposit Interest Rates:
With lower interest rates on fixed deposits, investors are more inclined to purchase gold, thereby driving up its prices.
USD Fluctuations and Gold Imports:
Fluctuations in the US currency directly affect gold rates in Bihar, as India imports gold and pays for these imports in USD.
Global Demand and Supply Dynamics:
An increase in global demand for gold, coupled with limited supplies, contributes to rising gold prices.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Bihar?
In Bihar, the determination of gold rates and purity is guided by the standards of the Indian Bullion Association. It is mandatory for gold dealers within the state to hallmark their products, which signifies the purity of the gold.
The gold prices in Bihar are impacted by international market trends. Due to India's relatively minor role in gold mining, the influence of global market changes on Bihar's local gold prices is not as direct.
Nevertheless, international dynamics, including various global market events and trends, continue to play a crucial role in the gold market. These factors significantly affect the buying power of gold importers and the general populace, not just in Bihar but throughout India.
In Bihar, the determination of gold rates and purity is guided by the standards of the Indian Bullion Association. It is mandatory for gold dealers within the state to hallmark their products, which signifies the purity of the gold.
The gold prices in Bihar are impacted by international market trends. Due to India's relatively minor role in gold mining, the influence of global market changes on Bihar's local gold prices is not as direct.
Nevertheless, international dynamics, including various global market events and trends, continue to play a crucial role in the gold market. These factors significantly affect the buying power of gold importers and the general populace, not just in Bihar but throughout India.
Necessary Documentation for Gold Investment in Bihar
Documentation Needed for Gold Investment in Madhya Pradesh
Physical Gold Transactions:
No specific documentation, brokerage, or Demat account is needed to purchase physical gold. However, it's important to retain the purchase receipt and BIS certification for your records.
Investing More Than Rs. 2 Lakhs:
For gold investments exceeding Rs. 2 lakhs, such as in jewelry, coins, or bars at the current 22-carat gold rate, you are required to present a PAN Card and an official ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Investment in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, opening both a brokerage account and a Demat account is mandatory with the provider of these ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment forms usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in mutual funds that focus on gold, setting up a brokerage and a Demat account is necessary.
Documentation Needed for Gold Investment in Madhya Pradesh
Physical Gold Transactions:
No specific documentation, brokerage, or Demat account is needed to purchase physical gold. However, it's important to retain the purchase receipt and BIS certification for your records.
Investing More Than Rs. 2 Lakhs:
For gold investments exceeding Rs. 2 lakhs, such as in jewelry, coins, or bars at the current 22-carat gold rate, you are required to present a PAN Card and an official ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Investment in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, opening both a brokerage account and a Demat account is mandatory with the provider of these ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment forms usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in mutual funds that focus on gold, setting up a brokerage and a Demat account is necessary.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Bihar
considerations for Purchasing Gold Jewelry in Bihar
Planning to invest in gold jewelry in Bihar? It's important to remember that the alloy content in physical gold doesn't yield any returns when sold. A higher BIS rating generally means a better rate at the time of sale, but be aware that you won't recoup wastage and make charges unless you hold onto the gold for a significant period. Here are key factors to check:
Purity and BIS Certification:
The Bureau of Indian Standards (BIS) verifies gold purity. For instance, the popular 22K or 916 gold indicates that there are 91.6 grams of pure gold in every 100 grams.
Buyback Terms:
Understanding the buy-back terms is crucial. Many jewelry shops offer buy-back facilities at the current 22k gold rate in Bihar and allow for the exchange of jewelry on a gram-to-gram basis, deducting wastage charges.
Wastage and Making Charges:
These charges can vary from 10 to 20%, with an additional 3% GST on the purchase price. These costs are added to the current gold rate in Bihar 916.
considerations for Purchasing Gold Jewelry in Bihar
Planning to invest in gold jewelry in Bihar? It's important to remember that the alloy content in physical gold doesn't yield any returns when sold. A higher BIS rating generally means a better rate at the time of sale, but be aware that you won't recoup wastage and make charges unless you hold onto the gold for a significant period. Here are key factors to check:
Purity and BIS Certification:
The Bureau of Indian Standards (BIS) verifies gold purity. For instance, the popular 22K or 916 gold indicates that there are 91.6 grams of pure gold in every 100 grams.
Buyback Terms:
Understanding the buy-back terms is crucial. Many jewelry shops offer buy-back facilities at the current 22k gold rate in Bihar and allow for the exchange of jewelry on a gram-to-gram basis, deducting wastage charges.
Wastage and Making Charges:
These charges can vary from 10 to 20%, with an additional 3% GST on the purchase price. These costs are added to the current gold rate in Bihar 916.
FAQs on Gold Rates in Bihar
Where can I find the live gold rate in Bihar?
Live gold rates in Bihar can be accessed on financial news websites, mobile applications dedicated to gold prices, and at local jewelry stores.
What factors lead to daily fluctuations in the live gold rate in Bihar?
Daily fluctuations in gold prices in Bihar are influenced by global market trends, local demand-supply dynamics, and currency exchange rates.
Do gold prices in Bihar increase during festive seasons or wedding times?
Yes, gold prices in Bihar typically rise during festive seasons and wedding periods due to higher demand.
How do international market trends affect gold rates in Bihar?
International market trends, such as global demand for gold and changes in currency valuations, have a significant impact on gold rates in Bihar.
Are the gold rates in Bihar updated frequently throughout the day?
Yes, gold rates in Bihar are regularly updated to reflect the most current market conditions.
Where can I find the live gold rate in Bihar?
Live gold rates in Bihar can be accessed on financial news websites, mobile applications dedicated to gold prices, and at local jewelry stores.
What factors lead to daily fluctuations in the live gold rate in Bihar?
Daily fluctuations in gold prices in Bihar are influenced by global market trends, local demand-supply dynamics, and currency exchange rates.
Do gold prices in Bihar increase during festive seasons or wedding times?
Yes, gold prices in Bihar typically rise during festive seasons and wedding periods due to higher demand.
How do international market trends affect gold rates in Bihar?
International market trends, such as global demand for gold and changes in currency valuations, have a significant impact on gold rates in Bihar.
Are the gold rates in Bihar updated frequently throughout the day?
Yes, gold rates in Bihar are regularly updated to reflect the most current market conditions.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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