Gold Price in Udaipur Today (29 Oct 2025): Rates, Trends & Tally Prime Integration

Call CA Tally HelpDesk +91 9205471661, 7428779101

The gold market in Udaipur, the “City of Lakes,” continues to reflect India’s strong affinity for precious metals. On 29 October 2025, gold prices in Udaipur remained relatively stable, offering a clear outlook for both retail buyers and jewellery businesses using accounting software like Tally Prime.

Current Market Snapshot

As of 29 October 2025:

• 22-carat gold is priced between ₹1,11,000 – ₹1,12,000 per 10 grams,
• 24-carat gold trades around ₹1,21,000 – ₹1,22,600 per 10 grams.

These rates represent the average base price before adding making charges, hallmarking fees and GST. Most jewellers in Udaipur align their daily quotations with regional bullion associations, adjusting slightly based on brand reputation and purity assurance.

Market Trends in Udaipur

1. Seasonal Demand Surge
   October marks the onset of India’s festive and wedding season. Udaipur’s jewellery showrooms—particularly around Bapu Bazaar and Hathi Pol—are witnessing a healthy flow of customers. This seasonal uptick maintains stability in gold prices despite global fluctuations.
2. Global Price Influence
   The international gold rate continues to influence domestic pricing. A moderate rise in global bullion rates and currency movements has contributed to a steady floor price in Indian markets.
3. Local Factors and Retail Premiums
   Udaipur’s local jewellers often add small premiums for craftsmanship and hallmarking. Buyers should always verify hallmark certification and compare rates among trusted shops.
4. Investment Demand
   Many investors prefer gold coins or bars as a hedge against inflation. This institutional and retail investment interest helps the market maintain liquidity and price balance.
5. Digital Gold and Transparency
   Udaipur’s younger buyers are gradually exploring digital gold platforms, giving them real-time access to small-quantity investments. This complements physical buying and influences retail market competition.

Buyer Tips for Udaipur Residents

• Always check whether prices displayed include GST and making charges.
• Ask for a BIS Hallmark certificate to ensure authenticity.
• Compare the per-gram rate across two or more jewellers before finalizing a purchase.
• For investment purchases, prefer coins or bars over heavy jewellery, as resale spreads are narrower.

Recording Udaipur Gold Rates in Tally Prime

For jewellers, wholesalers, or accounting professionals in Udaipur, Tally Prime offers a practical way to record, track, and analyse daily gold rates with precision. Here’s how you can do it:

1. Create Stock Items by Purity
   • Add stock items like Gold 22K – Udaipur and Gold 24K – Udaipur.
   • Set the unit of measurement as grams or 10 grams for clarity in billing.
2. Maintain a Daily Price List
   • Use the Price List feature in Tally Prime to enter the day’s rate—₹1,11,000–₹1,12,000 for 22K and ₹1,21,000–₹1,22,600 for 24K (10 g).
   • Record the date and mention “Udaipur Market – 29-10-2025” in the narration for easy audit reference.
3. Configure Voucher Classes
   • In Sales and Purchase vouchers, enable “Use Rate from Price List.”
   • This ensures each transaction automatically picks the correct rate while allowing manual adjustments when required.
4. Separate Ledgers for Making Charges
   • Create individual ledgers for Gold Value and Making Charges.
   • This separation helps in applying GST correctly (3 % for gold value and 5 % for making charges, as per current norms).
5. Use Godown Tagging for Locations
   • Define a godown or location named “Udaipur Showroom.”
   • Tag all Udaipur-specific transactions to maintain clarity in branch-wise reporting.
6. Enable Audit Trails and Narrations
   • In every invoice, mention: “Rate based on Udaipur market as on 29 Oct 2025.”
   • This small detail strengthens internal control and simplifies future reconciliation.
7. Reporting for Business Insights
   • Use Stock Summary and Price List Report to analyse how rate changes affect profitability.
   • Compare month-wise trends to plan purchasing and sales strategies efficiently.

Conclusion

Gold in Udaipur remains a symbol of cultural pride and financial security. As of 29 October 2025, the market stands balanced, influenced equally by global sentiment and local festive demand. By properly recording rates, maintaining transparent ledgers, and leveraging Tally Prime’s reporting tools, businesses in Udaipur can ensure accurate accounting and long-term financial clarity.