Silver Price Today in Mumbai, Pune, Nagpur & Nashik – 3 November 2025 Market Overview and Accounting in Tally Prime

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Overview

On 3 November 2025, silver prices in Maharashtra’s major cities — Mumbai, Pune, Nagpur, and Nashik — exhibited moderate stability after a week of fluctuations. The overall sentiment in the bullion market remained positive, supported by steady industrial demand and investment interest ahead of the wedding season.

Across Maharashtra, the average silver price per kilogram ranged between ₹1,44,000 – ₹1,46,000, with slight variations among local markets due to transportation and making costs. Compared to October’s highs, silver showed a marginal decline of around 1 %, creating a small window of opportunity for new buyers.

City-Wise Silver Rates (3 November 2025)

(Note: These rates are indicative averages meant for educational and accounting reference.)

Market Analysis and Price Drivers

Silver, often called “the poor man’s gold,” has shown resilience throughout 2025. Following October’s strong rally, early-November trading in Maharashtra reflected profit-booking and short-term consolidation.

1. Global Influence

Global silver prices were mildly affected by profit-taking in precious metals and a stable U.S. Dollar index. International spot silver hovered near $27.8 per ounce, maintaining its long-term upward trajectory driven by industrial usage and green-energy demand.

2. Domestic Demand

In India, silver continues to play a dual role — as a precious investment and an industrial metal. Maharashtra’s automobile and electronics sectors contribute to strong industrial consumption, while jewellery and coin demand typically rises post-Diwali.

3. Local Factors

Local jewellers in Mumbai and Pune confirmed brisk sales of silver ornaments and gift items, though large-volume investors preferred to wait for further price clarity. Nashik and Nagpur reported steady rural demand tied to the harvest season and wedding festivities.

4. Outlook

Analysts expect silver to maintain its medium-term range between ₹1,44,000–₹1,48,000 per kg, with potential upside later in Q4 FY 2025 if global inflation remains elevated.

Key Tips for Silver Buyers

1. Verify Purity: Always confirm BIS-certified or 999-grade purity before purchase.
2. Check Market Rate Daily: Local prices may differ by ₹300–₹600 per kg.
3. Consider Making & GST: Add making charges (for jewellery) and 3 % GST to estimate total cost.
4. Buy in Certified Units: Coins, bars, or bullion with weight certificates ensure higher resale value.
5. Record All Purchases: Keep bills for resale tracking and accounting in Tally Prime.

Recording Silver Transactions in Tally Prime

For jewellers, traders, or accounting professionals in Maharashtra, Tally Prime provides simple tools to manage silver pricing, inventory valuation, and profit tracking.

1. Create a Stock Group and Item

• Navigate to Gateway of Tally → Inventory Info → Stock Group → Create.
• Name it “Silver Bullion 2025” or by city (e.g., “Silver – Mumbai”).
• Add Stock Items such as Silver Coin 999 1 kg or Silver Jewellery 92.5 Purity.
• Define Units of Measure as Kilogram or Gram.

2. Update Daily Silver Rates

• Go to Stock Item → Alter → Rate of Item.
• Input the daily rate (e.g., ₹1,45,600 /kg for Mumbai).
• Repeat for each city or category as needed.
• Save changes — Tally automatically applies updated rates in vouchers.

3. Record Purchases and Sales

• Purchase Voucher: Enter weight, rate, GST, and making charges.
• Sales Voucher: Select updated rate per kg and include margin or discount.
• Cost Centres: Separate metal cost and labour cost for clear profit tracking.

4. Stock Valuation

• Navigate to Display → Inventory Reports → Stock Summary.
• Choose valuation method (Standard Cost / Moving Average).
• Ensure closing stock reflects the current silver rate to maintain realistic profit margins.

5. Reporting and Analysis

Tally Prime’s inventory and financial reports help you:

• View city-wise silver valuation.
• Analyse monthly cost fluctuations.
• Generate GST-ready invoices with purity and rate details.

Conclusion

The silver price on 3 November 2025 in Maharashtra’s major cities — Mumbai, Pune, Nagpur, and Nashik — demonstrated balanced stability after festive highs. With prices averaging near ₹1.45 lakh per kg, both investors and jewellers enjoyed a favourable trading environment.

By routinely updating silver rates, managing purity-wise stock groups, and accurately recording vouchers in Tally Prime, businesses can achieve precise inventory control and transparent accounting. Silver remains not only a symbol of value but also a dependable asset in every smart investor’s portfolio.

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