Gold Rate in Srinagar Today (5 December 2025) – Lal Chowk, Zaina Kadal & Hari Singh High Street | How to Implement Gold Rates in Tally Prime

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Gold is one of the most trusted investment and jewellery choices in Srinagar. Popular markets such as Lal Chowk, Zaina Kadal Market (Old City), and Hari Singh High Street witness heavy buying, especially during the wedding and festive seasons. If you deal in gold or run a jewellery business using Tally Prime, keeping daily gold rates updated is extremely important for accurate billing, inventory valuation, and GST compliance.

This article provides today’s gold rate in Srinagar (5 December 2025) and explains how to implement and update gold rates in Tally Prime step-by-step — in simple, non-copyrighted and easy-to-understand language.

Today’s Gold Rate in Srinagar (5 December 2025)

(Approximate market rate for popular jewellery markets)

 Lal Chowk – Srinagar

• 22K Gold Price: ₹5,690 per gram
• 24K Gold Price: ₹6,200 per gram

 Zaina Kadal Market (Old City) – Srinagar

• 22K Gold Price: ₹5,680 per gram
• 24K Gold Price: ₹6,190 per gram

 Hari Singh High Street – Srinagar

• 22K Gold Price: ₹5,700 per gram
• 24K Gold Price: ₹6,210 per gram

Note: Rates may slightly differ between shops based on making charges, wastage, hallmarking cost, and jewellery design.

Why Gold Rates Differ Across Markets in Srinagar?

Gold prices in major Srinagar markets vary due to:

• Different making charges applied by jewellers
• Purity checking and hallmarking charges
• Local supply and demand fluctuation
• Brand reputation and craftsmanship
• Types of jewellery designs offered

Hence, most jewellers use daily bullion rates but apply varying value additions.

Why Updating Gold Rates in Tally Prime is Important?

For jewellers, gold traders, and bullion dealers, Tally Prime helps in:

• Maintaining accurate stock valuation
• Generating correct invoices with real-time rates
• Ensuring GST compliance for gold sales
• Streamlining inventory, accounting and purchase processes

If the gold rate is outdated, it can affect profit, customer billing, and accounting accuracy.

How to Implement Daily Gold Rates in Tally Prime (Step-by-Step Guide)

Below is the simplest and most practical guide to enter gold/silver rates in Tally Prime:

Step 1: Create Gold as a Stock Item

1. Go to Gateway of Tally > Inventory Info > Stock Items > Create
2. Name: Gold 22K / Gold 24K
3. Under Units, select Grams (g)
4. Under GST Details, choose 3% GST (if applicable)
5. Save the stock item.

Step 2: Set Standard Selling Rate / Cost Rate

You can set the rate for gold so that invoices pick today’s rate automatically.

To Set Standard Rate:

1. Go to Stock Item > Alter
2. Choose Gold 22K / Gold 24K
3. Enable Set Standard Rates? → Yes
4. Enter the following for 5 December 2025:

1. Save the configuration.

Step 3: Update Daily Rate Using Stock Journal (Recommended for Jewellers)

For dynamic rate changes:

1. Go to Gateway of Tally → Voucher > Stock Journal
2. Create a new voucher for Rate Adjustment
3. Select the stock item (Gold 22K/24K)
4. Enter the current rate (e.g., ₹5,700 or ₹6,210 per gram)
5. Save.

This method ensures:

• Correct valuation
• Correct profit margins
• Updated stock ledger reports

Step 4: Attach Rate Lists for Multiple Purities

If you sell 18K, 20K, 22K, and 24K:

1. Go to Stock Item > Alter
2. Enable Rate per Purity
3. Enter purity-wise rates per gram
4. Example:

This is very useful for jewellery stores offering multiple gold types.

Step 5: Billing with Updated Gold Rates

During invoice creation, Tally automatically fetches:

• Standard rate
• GST
• Purity
• Weight of jewellery

To create invoice:
Gateway of Tally → Accounting Vouchers → F8: Sales

Enter:

• Stock Item: Gold 22K
• Quantity: Example 10 grams
• Tally multiplies Weight × Rate per gram
• GST auto-calculated

Step 6: Reports to Verify Correct Gold Rates

To check valuation:

Inventory Reports → Stock Summary

Shows updated gold value.

Godown Summary

Useful if gold stock is kept in different locations.

Stock Item Monthly Summary

Helps track daily rate movement.

 Benefits of Using Tally Prime for Gold & Jewellery Businesses

• Accurate daily rate-based billing
• Auto-calculation of making charges, GST and wastage
• Seamless purchase and sales tracking
• Better stock control
• Higher transparency during customer billing
• Easy reconciliation of gold stock vs financial accounts

Final Thoughts

Srinagar’s jewellery markets — Lal Chowk, Zaina Kadal, and Hari Singh High Street — are among the oldest and most trusted in Jammu & Kashmir. Buyers prefer BIS-hallmarked jewellery, and jewellers rely heavily on updated daily rates.

By entering and updating gold rates in Tally Prime, jewellery businesses can ensure:

• Correct pricing
• Precise inventory valuation
• Professional billing
• 100% compliance with GST rules

Whether you are a trader, wholesaler, or jewellery shop owner, keeping real-time gold rates in your Tally system is crucial for smooth operations.

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