After a period of continuous decline, the gold and silver prices in Patna’s jewelry market have shown signs of stability. This has come as a relief to customers, especially with the ongoing wedding season. The previous sharp drop in the prices of gold and silver has now slowed down, and the rates are holding steady at attractive levels. Experts believe that if this price stability continues until the end of the week, it could be the best time for weekend shopping.
Current Gold and Silver Prices in Patna
As of today, the price of 24-carat gold in Patna’s jewelry market is ₹128,235 per 10 grams, including GST. Without GST, the price of 24-carat gold stands at ₹124,500 per 10 grams. For 22-carat gold, the price is ₹115,000 per 10 grams, while 18-carat gold is being sold for ₹94,000 per 10 grams. This pricing has created a favorable environment for gold and silver shopping.
The price stability in both gold and silver has drawn attention, particularly with the wedding season in full swing. Customers, who were previously waiting for prices to stabilize, are now returning to the market, taking advantage of the current rates.
Silver Prices Also Show Stability
In Patna’s jewelry market, the price of silver has also remained steady. The current price for one kilogram of silver is ₹158,000. For hallmarked silver jewelry, the rate is slightly lower, at ₹155,000 per kilogram. When GST is added, the price of hallmarked silver increases to ₹159,650 per kilogram. These prices have been attractive for those looking to buy silver for investment or gifting purposes, especially during the festive and wedding seasons.
With silver prices holding steady, customers are also opting for silver jewelry as an affordable alternative to gold. Experts indicate that the current prices offer a good opportunity for those looking to buy jewelry for weddings or other celebrations.
Exchange Rates for Gold and Silver Jewelry
The exchange rate for old gold jewelry in Patna has also seen some stability. For 22-carat old gold jewelry, the exchange rate is ₹112,000 per 10 grams, while 18-carat gold jewelry can be exchanged at ₹91,000 per 10 grams. Customers looking to exchange their old gold jewelry will find these rates favorable, especially with the prices of new gold jewelry remaining steady.
As for silver, hallmarked silver jewelry can be exchanged at ₹151 per gram, while non-hallmarked silver jewelry is being exchanged at ₹148 per gram. These exchange rates provide an added incentive for those who wish to sell or trade in their old silver jewelry in exchange for new pieces.
Why This Price Stability is Significant for Customers
The price stability in gold and silver is particularly important for customers looking to make purchases during the wedding season. The fluctuation in gold prices earlier had caused many potential buyers to hold off on purchases, hoping for prices to stabilize. Now that prices have leveled off, it is expected that there will be an increase in customer activity in jewelry stores, especially over the weekend.
According to experts, this period of stability provides an ideal opportunity for customers to invest in gold and silver jewelry at relatively lower prices compared to earlier in the week. As the wedding season continues, more and more customers are expected to take advantage of these prices for their gold and silver needs.
Market Experts Predict Favorable Conditions for Weekend Shopping
Experts in the jewelry market are optimistic about the upcoming weekend. They believe that if gold and silver prices remain stable through Saturday morning, this weekend will be an excellent time for customers to make purchases. Jewelry stores in Patna are expected to see a surge in foot traffic as many individuals look to buy gifts, wedding jewelry, or invest in precious metals.
The wedding season is a key time for the jewelry market, and with favorable prices in gold and silver, customers may find great deals on new pieces. Many buyers are expected to make their final purchases for weddings, festivals, and other events that typically call for the exchange of jewelry.
In conclusion, the current stability in gold and silver prices in Patna presents a promising opportunity for customers. After the recent decline in prices, the market has now leveled out, offering relatively attractive rates for both gold and silver jewelry. Whether you are looking to invest in precious metals or buy jewelry for upcoming events, now is an excellent time to make your purchase.
Experts suggest that if the current price levels hold steady until the weekend, customers can take advantage of favorable deals and make their purchases at optimal prices. So, if you have been waiting for the right moment to buy gold or silver jewelry, this could very well be the best opportunity in the coming days.
