Silver rate in Gaya
silver rate in gaya

1gm:
77.30
0.00(0.00%)
1kg:
77,300.00
0(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Gaya is approximately 100 kilometres from the capital city of Patna. Once a part of the famed, historic Magadh Empire, it is situated on Falgu River's bank and is regarded as one of the holiest Hindu cities in the country. Purchasing jewellery, coins, and other silver utensils and accessories for the home is a time-honoured method of investing in this precious metal in Gaya.

Bars, coins, and jewellery are the three most prevalent ways people in Gaya invest their silver rupees. Numerous tourists are drawn to the city's countless ancient sites. It creates enormous investors with interest in silver. This metal stays in great demand throughout the year and rises during the festive or wedding seasons. So, people spend a significant amount of money on precious metals like silver, particularly in Gaya.

Silver rates as per grams in Gaya

GramYesterdayToday
1gm
77.30
0.00 (0.00%)
77.30
0.00 (0.00%)
8gm
618.40
0.00 (0.00%)
618.40
0.00 (0.00%)
10gm
773.00
0.00 (0.00%)
773.00
0.00 (0.00%)
100gm
7,730.00
0.00 (0.00%)
7,730.00
0.00 (0.00%)
1kg
77,300.00
0.00 (0.00%)
77,300.00
0.00 (0.00%)

Some Interesting Facts on Gaya Silver Rates vs Other

Silver is considered t precious metal in the same way that gold is. It is exceedingly uncommon, contributes to its high value, and is also a precious metal. That is to say that silver is resistant to corrosion and oxidation, although not quite as effectively as gold. The following list provides some interesting information about silver:

  • Silver's electrical and thermal conductivity in its purest form is unparalleled by any other metal.
  • Silver can become deposited in a variety of tissues within the body.
  • The manufacturing of mirrors and the plating of metals and glass with silver are two uses for the precious metal.
  • Solar panels are created using silver paste in their production.
  • Contacts made of silver paste printed onto solar cells can gather and carry electrical current.
  • It is thought that silver was considered more expensive than gold during a brief period in Egypt.
  • The want for copper can also directly impact the price of silver on the market.
  • This is because sterling silver, which is one of the types of silver, consists of silver for 95.5% of its total weight, with the remaining weight composed of other elements, including copper.
  • The gold medal awarded at the Olympic Games is silver, plated with gold.
  • Since it was the precious metal, most people could purchase, silver was known as the "gold of the poor" for a very long time.

Historical silver rates in Gaya in last 10 days

1 gram
DownArrow
Day Silver
04 Feb 2023
77.30
0.00 (0.00%)
03 Feb 2023
77.30
0.00 (0.00%)
02 Feb 2023
77.30
2.50 (3.35%)
01 Feb 2023
74.80
0.30 (0.41%)
31 Jan 2023
74.50
0.30 (0.41%)
30 Jan 2023
74.20
0.00 (0.00%)
29 Jan 2023
74.20
0.00 (0.00%)
28 Jan 2023
74.20
-0.40 (-0.53%)
27 Jan 2023
74.60
-0.40 (-0.53%)
26 Jan 2023
75.00
1.00 (1.36%)

Comparative Analysis of Gold vs Silver in Gaya

The use of silver in commercial settings is significantly more common than that of gold. In comparison, gold is only used in 12% of all industrial applications, but silver is used in many. Silver is essential to many machines, including solar panels, biocides, electronics, and batteries. Gold demands a far larger consumer base compared to silver.

The overall annual supply of silver is significantly lower compared to gold. There are wide swings in the price of silver. Because of its primary function as a medium of exchange, gold is expected to be less impacted by the economic downturn.

Weekly & monthly silver rate in Gaya
1 gram
DownArrow

7 Days
30 Days
3 Months
6 Months

Silver as an Investment in Gaya 

Gold and silver have long been in demand in India. However, with new import taxes, gold has become prohibitively expensive for many of the population. Thus, silver becomes a secure and feasible investment option in Gaya, allowing people to acquire this precious metal without emptying their wallets.

Also, silver is culturally vital in Gaya since no auspicious occasion is complete without it. Residents of Gaya who want to invest in silver can do so in various ways, with real silver and commodities futures currently being the most popular.Silver as an Investment in Gaya 

Physical silver vs Paper Silver

Undoubtedly, people in Gaya prefer tangible investments, and actual silver is the country's most popular type of silver investing. Both investors and families continue to acquire silver in the form of jewellery or coins.

Silver jewellery, such as chains, bangles, and rings, is a fashion accessory and an investment. In Gaya, silver can be bought via banks and jewellers, with various stores catering to different financial needs.

Commodity Futures

Silver is one of the most widely traded commodities on the market, making commodity futures an intriguing investment opportunity for novices. Through the NCDEX and MCX, one may trade with the option to acquire any quantity of silver. 

Trend of Silver rates in Gaya

1 gram
DownArrow
Day Silver
01 February 202374.8
07 February 20230
Highest77.3
Lowest74.8

Things to Remember Before Buying Silver Jewellery in Gaya?

When buying silver jewelry in Gaya, it's important to keep the following things in mind:

  • Quality: Make sure to only buy silver jewelry from reputable jewelers who use high-quality silver. Ask to see the purity certification for the silver, and ensure that it is hallmarked by the Bureau of Indian Standards (BIS).

  • Design: While buying silver jewelery also consider the design of the jewelry. Check for the intricate details and craftsmanship of the piece.

  • Price: Compare prices from multiple jewelers to ensure you are getting a fair price for the piece. Be aware of any additional charges, such as import duties or GST, that may affect the final price.

  • Hallmarking: Always check the authenticity of Hallmarking on your silver jewelry, it gives you the assurance of the purity of silver.

  • Returns and exchanges: Find out if the jeweler has a return or exchange policy, just in case the piece doesn't meet your expectations.

  • Purpose: Think about why you are buying the silver jewelry, is it for personal use or as a gift. Also, consider if it's something you can wear often, and it would look good with your existing collection of jewelry.

  • Aftercare: Ask about the jeweler's recommendations for cleaning and maintaining your silver jewelry, to ensure it remains in good condition.

FAQs of Silver price in Gaya

Are silver purchases subject to tax in Gaya?

DownArrow

Why is it a good idea to buy silver coins from a bank in Gaya?

DownArrow

What factors influence the price of silver in Gaya?

DownArrow

What types of silver are available for purchase in Gaya?

DownArrow

Where may I purchase silver?

DownArrow