Silver Market Update (15 Nov 2025): Steady Trends in Guwahati, Shillong, Imphal & Agartala + Complete Guide to Gold Rate Management in Tally Prime

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Guwahati (Assam)

Silver prices in Guwahati remained stable with minimal fluctuations, following the national market sentiment. Retail demand is moderate, mainly driven by small investors and festive-season buyers. Wholesalers are witnessing steady bulk orders from jewellery workshops, keeping the market balanced.

Shillong (Meghalaya)

Shillong continues to showcase consistent silver pricing, aligned with major eastern bullion hubs. Jewellery stores report balanced footfall, with growing interest in lightweight silver ornaments and coins. The city’s buying pattern suggests a preference for small-ticket investments rather than large-volume purchases.

Imphal (Manipur)

Imphal’s silver market reflects steady and predictable price movement. The demand for silver coins and religious items remains strong, while traditional jewellery items see a moderate but regular demand. Traders expect prices to remain calm unless there is a major change in global spot silver rates.

Agartala (Tripura)

Agartala’s market stays stable, following a narrow trading range. Silver bars and 999-purity coins attract consistent investment interest. Retail customers prefer decorative silver items, especially ahead of winter festivals. Overall, the price pattern shows reliability with no major spikes or dips.

Complete Guide to Implementing Gold Rate Management in Tally Prime

Even though this update focuses on silver trends, managing both gold and silver rates in Tally Prime follows nearly the same process. Here is a complete guide for managing Gold Rates in Tally Prime.

1. Set Up Company for Jewellery Business

1. Go to Tally Prime → Create Company
2. Enable:
   • Accounting
   • Inventory
   • GST/Statutory Features
3. Set base currency and required inventory units.

2. Create Units of Measurement

Silver/Gold are typically measured in:

• Grams (Gms)
• Kilograms (Kg)
• Tola (optional)

Go to:
Gateway of Tally → Create → Units

3. Create Stock Groups

Useful groups for gold/silver businesses:

• Gold 24K
• Gold 22K
• Silver 999
• Silver Ornaments
• Coins & Bars
• Making Charges
• Wastage

These groups help in organized reports and accurate valuation.

4. Create Stock Items

For each product:

• Item Name: e.g., Gold 22K Necklace, Silver 999 Coin
• Stock Group: Select relevant group
• Unit: Gms
• Maintain purity notes in description

Leave rate blank so you can update it daily through price list.

5. Enable & Configure Price Levels

Price Levels allow you to maintain daily gold/silver rates.

Go to:
F11 → Inventory Features → Enable Price Levels

Create levels such as:

• Retail Rate
• Wholesale Rate
• Special Rate
• Festive Rate

6. Enter Daily Gold Rates (Same Method for Silver)

1. Gateway of Tally → Price List
2. Select stock group
3. Enter:
   • Purchase rate
   • Sales rate
   • Applicable price level

This becomes your Daily Metal Rate Master.

7. Handling Making Charges

Two methods:

A. Through Ledger

• Create ledger “Making Charges”
• Type: Income
• Rate: Per gram / Per piece / Percentage

B. Through Stock Item

Create a separate stock item such as:

• Making Charges – 22K Jewellery

This helps track total making charge revenue.

8. Wastage & Purity Adjustment

Use a Wastage Ledger or define wastage % inside manufacturing vouchers.

Tally automatically calculates:

• Net weight
• Purity-adjusted conversion
• Valuation difference

9. Manufacturing (From Bullion to Jewellery)

Use Manufacturing Journal:

• Input: Gold/Silver bullion
• Output: Finished jewellery
• Add wastage
• Add manufacturing cost

This keeps stock accurate.

10. Sales Billing with Auto Calculation

Tally can auto-calculate:

• Item weight (gram-based)
• Daily rate (linked to price list)
• Purity difference
• Making charges
• Wastage
• GST

The final bill becomes fully automated and error-free.

11. Important Reports for Jewellers

Tally provides powerful reports:

• Gold/Silver Daily Rate Summary
• Stock by Purity
• Hallmarked item summary
• Wastage tracking
• Making charge revenue
• Profit margin report
• GST-compliant sales & purchase reports

Conclusion

With its flexible rate-management features, Tally Prime is an excellent tool for both silver and gold businesses. You can maintain real-time pricing, accurate stock valuation, automated billing, and complete compliance—making daily operations smoother and error-free.

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