Silver Rate Today in Patna – 7 Nov 2026, 10 PM IST

The figures in the live table are bullion reference rates for Patna, quoted per gram for 999 fine silver and 925 sterling silver, refreshed every business day against MCX and IBJA benchmarks.

Patna, historically Pataliputra, was a major trading and commercial centre of India until the 19th century, and its silver trade still runs through old established markets like Bakarganj and Hathwa Market. This page covers today's rate, how it is set, making charges and GST, purity verification, where to buy and sell, Patna's trading history, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations Patna buyers transact in, from a single gram through 10 grams, 100 grams and a kilogram, for both 999 and 925 purity.

Silver utensils, idols and gifting sets bought around weddings and housewarmings are typically valued by weight in the hundreds of grams, while coins bought for Dhanteras are standard denominations.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read the net movement from the earliest session to today, the high and low that define the trading range, and whether daily changes are small and steady or large and alternating. Silver swings harder in percentage terms than gold on the same news, so expect a wider range here than on a gold rate page over the same ten days.

The trend table sets today's Patna rate against its opening and closing values over seven days, 30 days and 12 months. The shorter windows capture sentiment; the 12 month window captures the structural story, chiefly industrial demand, ETF investment flows and the gold to silver ratio.

Patna tracks the national IBJA benchmark, with local demand shaped by Bihar's agricultural economy and festival calendar rather than any local industrial factor.

Silver trades continuously in US dollars per troy ounce on COMEX and the London Bullion Market Association benchmark, converts at the prevailing USD to INR rate, and picks up customs duty, cess and GST before reaching Indian retail. Patna's jewellers price against the national IBJA reference rate, adding a modest local premium.

Silver is more industrially exposed than gold nationally, though Patna's own economy is built on agriculture and trade rather than manufacturing, so local demand is almost entirely jewellery, coins and gifting.

Real interest rates, the US dollar, industrial demand and investment flows move the international price. The rupee's exchange rate and Indian import duty changes move the local price on top of that.

Locally, Patna draws buyers from nearby towns and districts across Bihar, so the city's markets see footfall well beyond its own population whenever a major festival or the wedding season approaches.

999 fine silver is 99.9 percent pure and is the form used for investment coins and bars, popular during Dhanteras.

925 sterling silver, 92.5 percent pure with the remainder mostly copper, is the standard for jewellery, idols and the utensils exchanged at weddings and housewarmings across Bihar.

Confirm which purity a quote refers to before comparing shops; the two are not interchangeable in price.

The rate on this page is the metal price. What you pay at the counter adds making charges, then GST at 3 percent on the total of metal plus making.

What making charges run in Patna

• Silver coins | roughly 3 to 8 percent
• Jewellery and gifting items | roughly 8 to 18 percent
• Silver utensils and idols | roughly 10 to 16 percent

A worked example: a 50 gram silver gifting set with 12 percent making adds 12 percent to the metal value, then 3 percent GST on that subtotal, for a final bill roughly 15.4 percent above the pure metal value.

Silver hallmarking is not yet as universally enforced as gold hallmarking, so buyer diligence matters more here.

• Look for a BIS hallmark stamp where the piece carries one
• Ask the jeweller to weigh the piece in front of you and confirm the purity claim against the day's rate
• For a larger purchase, ask for an acid or electronic purity test before paying

Buying from an established Bakarganj or Hathwa Market jeweller with a proper GST invoice is the safer route.

Patna's silver trade sits on genuinely old commercial ground.

A capital that traded for centuries

As Pataliputra, Patna was a major trading and commercial centre of India until the 19th century, sitting on the Ganges at the crossroads of routes running across northern India. That commercial identity persists in areas like Bakerganj, Fraser Road, Hathwa Market, Ashok Rajpath and Kankarbagh, which remain Patna's established jewellery and precious metal trading hubs today, offering ornaments, coins, bars and gifting items alongside certified hallmarking and billing. Heritage names like Ratnalaya and Patna Guinea House trade alongside national chains such as Tanishq and Malabar Gold.

Why income levels make silver's role bigger here

Bihar has the lowest per capita income of any Indian state, at roughly Rs 76,490, even as the state's overall GSDP has been growing faster than the national average. That income gap makes the price difference between gold and silver matter more to Patna families than in wealthier cities: when gold crosses a high threshold, a larger share of local buyers shifts toward silver for both ceremonial and savings purposes than the national pattern would predict. Jewellers in Bakerganj and Fraser Road report silver coin and utensil sales rising noticeably whenever gold hits a new high.

Silver woven into Bihari custom

Silver holds deep cultural and religious importance across Bihar, commonly used during weddings, religious rituals and family celebrations. Silver utensils and coins are considered auspicious and are often gifted at important occasions, a custom that keeps demand active well beyond any single festival.

A regional draw

As one of Bihar's major commercial cities, Patna attracts buyers from nearby towns and districts who regularly travel in specifically for silver purchases, giving its markets a catchment well beyond the city itself.

Patna's silver trade is concentrated in a handful of long-established markets.

• Bakarganj | a long-established jewellery and precious metal trading hub
• Hathwa Market | a further major trading area for silver ornaments and gifting items
• Ashok Rajpath and Kankarbagh | well-known for jewellery and precious metal trading

What to check wherever you buy

• BIS hallmark where the piece carries one
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate and making charge

Exchange at a jeweller in Bakarganj or Hathwa Market, ideally the one who sold it, with the piece weighed and purity-tested in front of you. Avoid unlicensed street buyers regardless of the rate promised.

Silver buying in Patna follows Bihar's festival and wedding calendar.

• Dhanteras and Diwali | the biggest annual buying peak for coins and utensils
• Akshaya Tritiya | a further significant occasion for gifting and savings purchases
• Wedding season | steady demand for silver utensils, coins and gifting items

Outside these peaks, family celebrations and religious rituals across Bihar keep a baseline of demand running through the year.

Taxes on silver are set nationally, so nothing here is specific to Patna, but three layers matter to every buyer.

At purchase, GST at 3 percent applies on the value of the metal plus making charges. At sale, profit on physical silver held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate, and your original invoice establishes the cost basis. Large cash purchases require PAN above the prescribed threshold.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm current rules with a chartered accountant.

Silver is more volatile than gold day to day, since it carries a genuine industrial demand component nationally alongside its investment role. That makes it higher risk, higher potential reward, not a straightforward substitute for gold.

Many buyers in Patna favour silver over gold for its affordability, particularly investors wary of financial instruments given inflation and market uncertainty. Coins and bars in 999 purity carry the lowest making cost and recover the most value on resale; jewellery and utensils in 925 carry making charges you do not recover.

For most Patna households the practical split is: festive and gifting silver bought for weddings and Dhanteras, and separately, simple 999 coins or small bars bought purely as savings.

Silver in India traded around 37,000 to 40,000 rupees per kilogram in 2015 and 2016, and stayed close to that band through 2018 and 2019. The metal rose steadily after the pandemic, crossing 78,000 rupees per kilogram in 2023.

The RBI's annual average for financial year 2024 to 2025 stood at roughly 89,000 rupees per kilogram, and financial year 2025 to 2026 saw an increase of about 82 percent to roughly 1,62,000 rupees per kilogram, the sharpest annual rise in the modern data series. MCX spot silver briefly touched close to 3,59,000 rupees per kilogram in January 2026 before correcting.

Over the full decade, an investor holding physical silver from 2015 through 2025 saw their holding value roughly triple, before the sharp further move into 2026. Patna's local rates have tracked this national curve throughout, since the city prices off the same national IBJA benchmark as the rest of India.

Unlike gold, over half of global silver demand now comes from industry rather than jewellery or investment, chiefly solar panels, electric vehicles, semiconductors and 5G hardware. This structurally tighter supply picture is a genuine difference from gold, and it is a major reason silver has moved more sharply than gold in recent years.

India is the world's largest consumer of silver and imports over 80 percent of its requirement. In September 2025 the government restricted imports of plain silver jewellery to curb duty evasion, and in May 2026 raised the import duty on silver bullion. Policy changes like these can move the domestic price independently of the global rate for a period.

Whether rates in Patna fall from current levels depends on factors nobody can predict with certainty, including global interest rates, industrial demand growth and rupee movement. Anyone telling you they know the answer with confidence is guessing. The practical approach is to buy against your own need and timeline rather than trying to time the market.

Silver is more volatile than gold day to day because of its industrial demand component, which means larger swings in both directions. Over the last decade silver has actually outpaced gold in percentage terms during rally phases, though it also falls harder during pullbacks.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility tied to company and economic performance rather than metal supply and demand. Debt instruments such as fixed deposits and bonds give predictable, lower returns with minimal price risk.

None of these asset classes is a straightforward substitute for another. Silver's role in a Patna household's savings is usually as a small, liquid, culturally familiar holding alongside other assets, not a replacement for equity or debt.

Physical silver, bought as coins, bars or jewellery from a Patna jeweller, gives you something you can hold, gift or wear, but it attracts 3 percent GST at purchase, requires safe storage, and jewellery carries making charges you do not recover on resale.

Silver ETFs, listed on the NSE and BSE, let you hold silver electronically without storage concerns or GST on the transaction, and can be bought and sold through a regular demat account. Both physical silver and silver ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months, under the rules applicable for financial year 2025 to 2026.

Unlike gold, India currently has no sovereign bond equivalent for silver, so ETFs and physical metal remain the two main routes for most Patna investors.

India imports over 80 percent of the silver it consumes, mostly as bullion classified under HS Code 7106, cleared through customs and the ICEGATE electronic filing system before reaching refiners, bullion dealers and eventually jewellers in cities like Patna.

Import policy has shifted more than once recently. Silver bullion duty was cut to 6 percent in 2025 to curb smuggling, plain silver jewellery imports were restricted from September 2025 to limit duty evasion through trade agreements, and bullion duty was then raised again in May 2026. Because these rules change, the duty in effect at any given time should be confirmed rather than assumed.

More than half of global silver demand today comes from industry rather than jewellery, with solar panels, electric vehicles, semiconductors and medical devices among the largest consumers. This industrial pull is a genuine structural difference from gold and a real driver of silver's price behaviour.

• 999 fine silver: silver that is 99.9 percent pure, used for coins and bars
• 925 sterling silver: silver mixed with copper for strength, the standard for jewellery
• Making charges: the fee a jeweller adds for crafting a piece, on top of the metal value
• Hallmark: the BIS purity certification mark stamped on eligible pieces
• HUID: the unique six digit hallmark identification number used to trace a certified piece
• Tola: a traditional unit of weight equal to approximately 11.66 grams
• Troy ounce: the international unit silver is quoted in globally, equal to 31.1035 grams
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate
• MCX: the Multi Commodity Exchange, where silver futures trade in India
• LTCG: long term capital gains, the tax on profit from silver held beyond the qualifying period
• Silver ETF: an exchange traded fund that holds physical silver and trades like a stock
• Wastage: metal lost during crafting, sometimes billed separately from making charges

Patna's jewellery trade in Bakarganj sits in a city built on one of the ancient world's great capitals, Pataliputra, which served as the seat of the Mauryan Empire under Chandragupta and Ashoka, and later the Gupta Empire, making Patna one of the longest continuously inhabited cities in India.

Bakarganj grew as the city's trading nucleus in the colonial and post independence era, and today its wholesale bullion dealers and retail jewellers, alongside those in Ashok Rajpath and Kankarbagh, draw buyers from across Bihar and neighbouring districts.

Nationally, rising silver prices through 2024, 2025 and 2026 have made buyers more price sensitive, and jewellery volumes in weight terms have come under pressure even where spending in rupee terms held steady. This national pattern is a reasonable guide to Patna's own retail trade.

What has held up in Patna is festive and wedding buying, along with strong demand for silver idols, utensils and anklets that remain popular household purchases beyond jewellery alone. Patna's role as Bihar's main commercial hub also draws buyers from surrounding towns and districts for silver purchases. Investment buying of coins and bars has also grown as a share of demand, matching the national shift toward silver as a savings vehicle.

Silver and property serve fundamentally different purposes as assets, and comparing them directly can be misleading. Property in Patna requires a large upfront commitment, carries registration and stamp duty costs, and cannot be sold in part if you need only a portion of your money back. Silver can be bought and sold in small increments, from a single gram upward, and converted to cash at a jeweller within minutes.

Property can generate rental income and tends to appreciate with local development, but it is illiquid and requires ongoing maintenance. Silver generates no income and must be stored securely, but it carries no maintenance burden and its value is set by a transparent national benchmark rather than local negotiation.

Most Patna households do not choose between the two. Property tends to serve as a long term family asset, while silver serves as a smaller, liquid holding for near term needs and cultural occasions.

If you are in Patna and considering a silver or lab grown diamond jewellery purchase, Lucira offers hallmarked silver and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery across India, so you can compare designs and pricing without needing to navigate Bakarganj's crowded lanes.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately, the same transparency you should expect from any established jeweller in Patna.

A proper invoice from a Patna jeweller should show five separate lines: the net silver weight in grams, the purity, the rate applied per gram that day, the making charge as a percentage or flat fee, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones or beads, the invoice should state the net silver weight separately from the gross weight, since you should only be charged the silver rate on the silver itself, not on the stones. Ask for this breakdown before paying if it is not shown automatically.

A hallmarked piece should also show the HUID number on the invoice, which lets you verify the certification independently through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net silver weight, especially on stone set pieces
• Making charges quoted verbally but not itemised on the final bill
• Pressure to buy quickly in Bakarganj's crowded lanes without time to compare rates
• No willingness to weigh the piece in front of you before billing

None of these are unique to Patna, they are standard precautions worth applying anywhere in India, but they matter more in wholesale heavy markets like Bakarganj where retail and bulk buyers shop side by side.

Silver tarnishes when exposed to air and humidity, unlike gold, so storage matters more, and Patna's Gangetic plain climate with its heavy monsoon makes this especially relevant. Keep pieces in an airtight pouch or box, ideally with an anti tarnish strip, away from direct sunlight and humid areas of the house.

For larger holdings of coins or bars, a bank locker remains the most secure option, though it carries an annual rental cost that should be weighed against the value stored. A home safe is a reasonable middle ground for smaller quantities, provided it is fixed and insured.

Keep your original purchase invoice with your stored silver, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers in Patna, including established names in Bakarganj and Fraser Road, offer monthly instalment schemes where you deposit a fixed amount each month for a set period, typically 11 months, and the jeweller adds a bonus instalment or discount at the end, redeemable against silver or gold jewellery.

Before joining one, confirm in writing whether the redemption value is locked at the rate on the day of each deposit or the rate on the day of redemption, since this materially changes the scheme's value, and check whether the bonus is forfeited if you exit early or miss an instalment.

These schemes are not regulated the way bank deposits are, so only join one with an established, well known jeweller.

• Jewellery from a Patna jeweller: wearable and giftable, but making charges reduce resale value
• 999 coins, silver idols and utensils: lowest making cost on coins, best for pure savings, requires storage
• Silver ETFs: no storage or GST, held in a demat account, cannot be worn or gifted physically
• Digital silver apps: bought and stored online in small amounts, redeemable for physical delivery in some cases, but not regulated the same way as ETFs
• MCX futures: for active traders managing price risk, not suited to casual buyers

Most Patna households use a mix, jewellery, silver idols and utensils for weddings and festivals, and coins, bars or ETFs for pure savings, rather than picking one route exclusively.

Under the rules applicable for financial year 2025 to 2026, profit on physical silver or silver ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed as short term gains at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges you paid, which is why keeping your original invoice matters. A 4 percent health and education cess applies on top of the tax, along with any applicable surcharge.

Tax rules change through Finance Act amendments most years, so confirm the current holding period and rate with a chartered accountant before a large sale, rather than relying on this or any other page.

Unlike gold, there is no prescribed ceiling on how much silver an individual can hold in India, provided it is acquired through disclosed, taxed income and you can produce invoices if asked.

Cash payments for a single silver purchase above the prescribed threshold require your PAN card to be furnished to the jeweller, and payments above two lakh rupees in cash for a single transaction are not permitted under income tax rules regardless of PAN. Paying digitally or by cheque avoids this limit entirely and is the more practical route for larger purchases.

Always retain your purchase invoices in Patna, since they are your primary evidence of legitimate ownership if silver holdings are ever questioned.

Bakarganj, including its Hathwa Market and Dariyapur Gola areas, remains the city's established jewellery and bullion trading zone, home to wholesale and retail jewellers alike, and is generally where you will find the widest selection and the most competitive making charges given the density of shops.

Ashok Rajpath, Fraser Road and Kankarbagh carry a further concentration of established jewellery showrooms, useful for a broader shopping trip alongside Bakarganj.

For any significant purchase, visiting two or three shops in Bakarganj to compare making charges and designs before deciding is a reasonable and common practice among local buyers.