Tue Jan 20 04:20:00 UTC 2026: ### Headline: Silver Prices Skyrocket to Record Highs in Patna, India, Surpassing ₹3 Lakh Per Kilo

The Story:

Patna’s jewelry market is experiencing unprecedented surges in the prices of both silver and gold. Silver prices have reached an all-time high, exceeding ₹3 lakh per kilo, while gold is nearing ₹1.5 lakh per 10 grams. This represents a significant increase from Diwali, when silver was priced around ₹2 lakh per kilo. The rapid appreciation, particularly in silver, has left both buyers and sellers in a state of astonishment. Within the first 20 days of the new year, silver prices increased by ₹65,000.

While some experts predict a potential market correction following such dramatic increases, others believe the upward trend may continue. The current market rates are: ₹1,45,000 per 10 grams for 24-carat gold (excluding GST), and ₹2,94,800 per kilo for silver (excluding GST). These prices reflect a market grappling with rapid fluctuations and uncertainty.

Key Points:

  • Silver prices in Patna have surpassed ₹3 lakh per kilo, reaching a record high.
  • Gold prices are approaching ₹1.5 lakh per 10 grams, also a record high.
  • Silver prices have risen by approximately 40% since Diwali.
  • In the first 20 days of the new year, silver prices increased by ₹65,000.
  • 24-carat gold is selling for ₹1,45,000 per 10 grams (excluding GST).
  • Silver is selling for ₹2,94,800 per kilo (excluding GST).

Key Takeaways:

  • The Patna jewelry market is experiencing extreme volatility in gold and silver prices.
  • The rapid increase in silver prices is particularly noteworthy and has surprised market participants.
  • There is uncertainty among experts regarding the future trajectory of gold and silver prices.
  • Consumers and retailers are closely monitoring the market for potential price corrections or further increases.
  • The rising prices are impacting exchange rates for old jewelry, with 22-carat gold exchanging for ₹1,31,000 and hallmark silver at ₹280 per gram.

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