Silver Rate in Kanpur, Lucknow, Varanasi, and Agra on 30 October 2025 – Latest Market Update, Price Trends, and how to implement in Tally Prime

Published on: 30-10-2025 Call CA Tally HelpDesk +91 9205471661, 8368262875

Silver continues to be one of the most widely traded precious metals in India. It is not only valued for its use in jewellery and utensils but also for its role in industrial manufacturing and investment portfolios. On 30 October 2025, silver prices across major cities of Uttar Pradesh—including Kanpur, Lucknow, Varanasi, and Agra—remained largely stable with only minor variations. This consistency offers some relief to traders, investors, and jewellers who rely on steady market conditions.

Below is a comprehensive overview of the latest market rates, price movements, and how business owners can reflect these updates within Tally Prime, India’s leading accounting and inventory management software.

1. Silver Rate Overview (as of 30 October 2025)

Across the four cities, silver prices hovered around similar levels, confirming a stable regional trend:

• Kanpur: ₹151 per gram (≈ ₹1,51,000 per kg)
• Lucknow: ₹151 per gram (≈ ₹1,51,000 per kg)
• Varanasi: ₹151 per gram (≈ ₹1,51,000 per kg)
• Agra: ₹151 per gram (≈ ₹1,51,000 per kg)

Minor fluctuations of ₹1–₹2 per gram may occur depending on dealer margins, local taxes, or transportation costs. However, the difference is negligible, showing that bullion markets in these four cities are closely aligned.

The stability can be attributed to balanced global silver demand, moderate currency movement, and steady festive season buying in North India.

2. Market Trends and Insights

In October 2025, silver prices in India experienced moderate fluctuations compared to gold. The metal had reached a peak near ₹155 per gram earlier in the month but stabilized around ₹151 by the end of October. Analysts attribute this to global corrections in commodity markets and reduced volatility in industrial silver demand.

Key influencing factors include:

• The international silver spot price, largely driven by global inflation and U.S. Federal Reserve policies.
• The Indian rupee’s exchange rate against the U.S. dollar.
• Seasonal jewellery demand, especially in the Diwali and wedding seasons.
• Local refinery and transportation costs, which can cause slight city-wise differences.

For traders, these conditions signal a phase of price consolidation, making it a suitable time to review stock levels and update cost records in their accounting systems.

3. Recording and Tracking Silver Prices in Tally Prime

Businesses dealing in silver—such as jewellers, bullion traders, and manufacturers—can easily manage silver rates using Tally Prime’s inventory features. Here’s a step-by-step guide:

Step 1: Create a Stock Item

1. Open your company in Tally Prime.
2. Go to Inventory Info → Stock Items → Create.
3. Enter the name, e.g., Silver – 999 Fine.
4. Under “Units,” select gram or kilogram as per your business.
5. Save the item.

Step 2: Set the Current Market Rate

You can record the day’s market rate as ₹151 per gram.

• If you trade in kilograms, simply multiply the rate (₹151 × 1,000 = ₹1,51,000 per kg).
• This rate can be entered as the cost or standard price for that day.

Step 3: Record Purchases or Sales

1. Go to Accounting Vouchers → F9: Purchase or F8: Sales.
2. Select the customer or supplier.
3. Choose Silver – 999 Fine from your item list.
4. Enter the quantity and rate (₹151 per g).
5. Tally Prime automatically calculates the total value and applicable GST.

Step 4: Review Reports

Tally Prime automatically tracks sales, purchases, and valuation changes. You can view these from:

• Stock Summary: for total quantity and valuation.
• Profit & Loss Account: for revenue generated from silver sales.
• Day Book: for daily transaction records.

Regularly updating the silver rate helps ensure that your books and profit calculations reflect true market value.

4. Why Integrating Silver Rates in Tally Prime Matters

For businesses dealing with precious metals, accuracy in valuation is critical. Outdated rates can lead to incorrect cost of goods sold, skewed profit margins, or compliance mismatches during audits.

By keeping silver rates in Tally Prime updated daily or weekly:

• Valuation stays accurate: The balance sheet reflects the correct stock value.
• Tax compliance improves: GST is computed correctly on sales and purchases.
• Profitability analysis becomes reliable: Helps owners make pricing and restocking decisions confidently.
• Data consistency across branches: Multiple outlets in cities like Kanpur and Lucknow can operate with unified pricing and reporting.

5. Regional Insights: Comparing the Four Markets

Even though the difference in price is minimal, each city’s bullion trade has unique characteristics:

• Kanpur: Known for wholesale bullion dealers and active retail markets.
• Lucknow: High festive and jewellery demand during wedding seasons.
• Varanasi: Traditional silver utensil and gift item markets.
• Agra: Increasing industrial use and jewellery exports.

For traders operating across these regions, maintaining synchronized rates and accurate reporting in Tally Prime ensures consistent accounting and fair pricing for customers.

Conclusion

On 30 October 2025, silver traded around ₹151 per gram (₹1,51,000 per kg) in Kanpur, Lucknow, Varanasi, and Agra, marking a stable phase in the Uttar Pradesh bullion market. By leveraging Tally Prime, businesses can easily record daily price updates, manage inventory, and generate precise valuation reports.

Keeping track of such price trends not only helps traders remain compliant but also strengthens decision-making in purchase planning, margin setting, and financial forecasting. With Tally Prime’s structured data system, every silver transaction becomes transparent, organized, and ready for future growth.

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