Gold Rate in Bhopal on 28 October 2025 – Latest Prices, Trends, and Implementation in Tally Prime

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Gold remains one of India’s most valuable and trusted assets, symbolizing both prosperity and financial security. In Bhopal, the demand for gold continues to rise during festivals and wedding seasons, supported by strong retail and investment interest. On 28 October 2025, the city’s bullion market recorded steady rates that reflect ongoing global trends and domestic factors.

Current Gold Rates in Bhopal (as on 28 October 2025)

According to average local bullion-market indicators:

• 24 Carat Gold (Pure Gold – 99.9%) – ₹ 12,520 per gram
• 22 Carat Gold (91.6% Purity) – ₹ 11,470 per gram
• 18 Carat Gold (75% Purity) – ₹ 9,380 per gram

Rates may vary slightly depending on jeweller premiums, making charges, and GST. These values represent hallmarked bullion rates that serve as the basis for pricing ornaments, coins, and investment bars in Bhopal.

Market Insights and Price Drivers

Gold prices in Bhopal, as elsewhere in India, are shaped by both global and local forces:

1. Global Bullion Market:
   International gold prices—determined largely by COMEX and London Bullion Market trends—serve as the benchmark for Indian rates.
2. Rupee–Dollar Exchange Rate:
   A weaker rupee against the US dollar raises domestic gold prices, as most gold is imported.
3. Festive and Wedding Demand:
   October coincides with festivals like Dussehra and Diwali, traditionally strong periods for gold purchases, especially in Madhya Pradesh.
4. Inflation and Investment Behavior:
   When inflation rises or markets turn uncertain, investors shift towards gold as a hedge, further lifting its value.
5. Government Policies:
   Import duties, GST, and hallmarking rules all contribute to final retail prices in India’s bullion markets.

Overall, prices in Bhopal have been stable through October 2025 with minor upward momentum, largely due to consistent festive demand and steady global cues.

How to Record and Manage Gold Rates in Tally Prime

Tally Prime, one of India’s most widely used business-accounting solutions, allows you to efficiently record, monitor, and value gold transactions—essential for jewellers, bullion traders, and gold investors maintaining digital accounts.

Below is a simplified workflow to help businesses in Bhopal integrate daily gold rates into their Tally Prime environment:

1. Create Stock Items for Gold

• Go to Gateway of Tally → Create → Stock Item.
• Enter Item Name such as Gold 24 Carat (999), Gold 22 Carat, etc.
• Under Units, select Grams or Kilograms according to your trade size.
• Assign the item to a group like Bullion & Jewellery.
• Set the opening balance quantity (if any).

2. Set the Standard Rate (Daily or Periodic)

• In the Stock Item window, open Alt + R → Rate of Stock Item.
• Enter date-wise rates:
  • 28-10-2025 – ₹ 12,520 per gram for 24 Carat
  • 28-10-2025 – ₹ 11,470 per gram for 22 Carat
• Save.
  This creates a rate history that can be updated regularly.

3. Record Purchase and Sales Vouchers

• For every purchase from suppliers or sale to customers, use Accounting Vouchers → F9 (Purchase) or F8 (Sales).
• Select the appropriate gold item and quantity; Tally automatically fetches the set rate.
• Taxes such as GST (3%) can be applied using tax ledgers.

4. Track Inventory and Profit

Tally Prime will automatically calculate closing stock value, average cost, and profit margin based on your daily gold rates.
You can view this in:
Gateway of Tally → Display More Reports → Inventory Books → Item Summary.

5. Generate Valuation and GST Reports

• Use Balance Sheet or Stock Summary to see gold holdings at market value.
• For jewellers registered under GST, reports such as GSTR-1 or GSTR-3B can be generated directly within Tally Prime.

Benefits of Managing Gold in Tally Prime

• Automated Price Updates: Easily record daily bullion prices for accurate valuation.
• Real-Time Stock Tracking: Maintain purity-wise quantities and current market values.
• Error-Free Accounting: Integration of accounting and inventory ensures all entries stay balanced.
• GST Compliance: Instant tax calculation and filing reports for jewellery transactions.
• Profit Analysis: Quick insights into daily profit margins based on fluctuating rates.

Conclusion

On 28 October 2025, Bhopal’s gold rate remains steady at approximately ₹ 12,520 per gram (24 Carat) and ₹ 11,470 per gram (22 Carat), reflecting a mix of global market stability and festive-season demand.

By recording these rates and transactions accurately in Tally Prime, jewellers and investors can maintain precise stock valuations, streamline GST compliance, and monitor profits in real time.
With proper setup, Tally Prime transforms from a simple accounting tool into a complete bullion-management system—helping Bhopal’s gold traders and businesses stay organized, compliant, and future-ready.

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