The bullion market in Muzaffarpur has witnessed a major correction with precious metal prices falling sharply over the last two days. According to data reported by News18 Bihar and local bullion merchant associations on March 14, 2026, silver has become cheaper by approximately Rs 10,000. Gold prices have also seen a noticeable decline due to global market trends triggered by the strengthening US Dollar. This sudden drop has resulted in a surge of inquiries from buyers in local markets like Motijheel and Saraiyaganj.
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Latest Gold and Silver Rates in Muzaffarpur
The current base rates for precious metals in the city show a significant dip from their recent record highs. Silver is currently trading at approximately Rs 2,86,271 per kilogram. For smaller quantities, 10 grams of silver costs Rs 2,862.71, while 100 grams is priced at Rs 28,627. Below is the detailed breakdown of current gold prices based on purity.
| Gold Purity | Price per Gram | Price per 10 Grams |
|---|---|---|
| 24-Carat (Pure) | Rs 15,677 | Rs 1,56,770 |
| 22-Carat (Jewelry) | Rs 14,930 | Rs 1,49,300 |
| 18-Carat | Rs 12,248 | Rs 1,22,480 |
Additional Charges and Buying Advice
Buyers need to note that the rates mentioned are base prices provided by the All India Bullion Merchant Association. When purchasing jewelry in Muzaffarpur, an additional 3 percent GST and making charges, which usually range between 10 to 20 percent, will be applied to the final bill. Government regulations strictly mandate BIS Hallmarking on all gold items to ensure purity. Market experts advise buyers to take a staggered buying approach rather than panic purchasing during this period of market volatility.
