Gold Rate in Vadodara Today (3 December 2025) – M.G. Road, Raopura, Alkapuri, Mandvi, Waghodia Road & Sayajigunj + TallyPrime Guide

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Gold trading in Vadodara continues to remain active across the city’s popular jewellery lanes such as M.G. Road, Raopura Market, Alkapuri, Mandvi, Waghodia Road Market and Sayajigunj. Whether someone wants to invest in gold coins or shop for wedding jewellery, knowing the current gold price is the first step. This guide covers today’s gold rate and also explains how to use these rates in TallyPrime, so jewellers and traders can maintain accurate records.

Today’s Gold Price in Vadodara – 3 December 2025

Gold prices in Vadodara usually remain uniform across major markets. While the final jewellery cost may vary depending on making charges, the base gold price is typically the same.

Approximate Gold Rates Today (3-12-2025):

• 22 Karat Gold: ₹11,900 – ₹12,100 per gram
• 24 Karat Gold (999): ₹13,000 – ₹13,250 per gram

These are general market indicators that jewellers across Vadodara follow for billing and pricing.

Top Gold Markets in Vadodara (Where People Usually Buy Jewellery)

1. M.G. Road (Mahatma Gandhi Road)

A trusted jewellery hub known for old family jewellers, traditional gold ornaments and bridal jewellery collections.

2. Raopura Market

One of the busiest areas for gold shopping with both retail and wholesale traders. Popular for gold coins and customised designs.

3. Alkapuri

A modern shopping locality with premium branded stores offering certified, lightweight and designer jewellery.

4. Mandvi Area (Old City)

A heritage zone featuring traditional goldsmiths and long-established jewellery houses known for custom-made handcrafted work.

5. Waghodia Road Market

A developing jewellery zone preferred for budget-friendly purchases and household gold buying.

6. Sayajigunj

Centrally located and home to multiple mid-range and branded jewellers, ideal for quick shopping and gifting.

How to Use Today’s Gold Rate in TallyPrime (Step-by-Step Guide)

The biggest challenge for jewellers and gold traders is updating daily gold prices in Tally so purchase and sales entries stay accurate. Here is a complete step-by-step guide.

Step 1: Enable Inventory & GST Settings

1. Open TallyPrime.
2. Go to F11 > Features > Inventory and enable:
   • Maintain Accounts with Inventory
   • Integrate Accounts and Inventory (optional)
3. Go to F11 > Statutory Features and enable GST if applicable.

Step 2: Create Unit of Measure (Grams)

1. Gateway > Create > Units
2. Symbol: gm
3. Decimal Places: 3
4. Save.

This allows you to enter gold weight accurately for billing.

Step 3: Create Stock Group for Gold

1. Gateway > Create > Stock Group
2. Name: Gold
3. Set “Should quantities be added?” → Yes
4. Save.

Step 4: Create Stock Items for 22K & 24K Gold

A. Gold 22K

• Name: Gold 22K
• Under: Gold
• Units: gm
• GST: as per rules (usually 3% on jewellery)

B. Gold 24K

• Name: Gold 24K
• Unit: gm
• Used for coins, bars and 999 purity items

Step 5: Enter Today’s Gold Rate as Standard Rate (Optional)

This helps Tally automatically pick the rate in purchase/sales vouchers.

1. Alter Stock Item → Gold 22K
2. Enable Set Standard Rates
3. Enter:
   • Applicable From: 03-12-2025
   • Standard Cost: ₹12,000 per gram (example)
   • Selling Rate: ₹12,300 per gram (your margin)
4. Save.

Repeat for Gold 24K.

Step 6: Record Gold Purchase Entry in TallyPrime

Suppose you purchased 200 gm of 22K gold at ₹12,000/g from a supplier.

1. Go to F9: Purchase
2. Select supplier ledger
3. Date: 03-12-2025
4. Item Details:
   • Item: Gold 22K
   • Qty: 200 gm
   • Rate: 12000
5. Add GST (if required)
6. Save.

Your gold stock will now reflect the updated quantity.

Step 7: Record Gold Sale Entry in TallyPrime

If you sell 50 gm of 22K gold at ₹12,500/g:

1. Go to F8: Sales
2. Select customer
3. Item: Gold 22K
4. Quantity: 50 gm
5. Rate: 12500
6. Add making charges as a separate ledger
7. GST applies on total (gold value + making charges)
8. Save.

Tally will automatically adjust stock to 150 gm remaining.

Step 8: Market-wise Tracking (Optional)

If your business operates from multiple markets like M.G. Road, Raopura or Alkapuri, you can track each location separately.

Option A: Use Godowns

Create godowns with names:

• M.G. Road
• Raopura
• Alkapuri
• Mandvi
• Waghodia Road
• Sayajigunj

Select the correct godown during purchase and sale entries.

Option B: Use Cost Centres

Create cost centres by market name and allocate each transaction accordingly.

Useful Tally Reports for Gold Traders

• Stock Summary: Current gold stock in grams
• Godown Summary: Market-wise stock
• Cost Centre Breakup: Market-wise profitability
• Sales/Purchase Register: Daily and monthly tracking
• Profit & Loss Account: Overall business performance

Final Thoughts

Vadodara continues to remain a strong jewellery market, with gold buying activity spread across historic areas like Mandvi and Raopura and modern shopping circles like Alkapuri and Sayajigunj. By updating the gold rate daily and recording proper stock entries in TallyPrime, jewellers can maintain accurate billing, reduce errors, and improve business transparency.

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