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

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Silver has always been an affordable and popular investment option in Srinagar, especially for buyers in Lal Chowk, Zaina Kadal Market (Old City), and Hari Singh High Street. Whether used for jewellery, utensils, gifting, or trading, silver prices fluctuate daily based on market demand and international bullion trends. For businesses that manage silver inventory through Tally Prime, updating daily silver rates is essential for precise billing and stock valuation.

This article provides today’s silver rate in Srinagar (5 December 2025) and a full step-by-step guide on how to implement silver rates in Tally Prime. The content is written in a simple, easy-to-understand, and completely non-copyrighted format suitable for SEO and website publishing.

 Silver Rate in Srinagar Today – 5 December 2025

Here are the approximate rates observed today across the major gold-and-silver markets of Srinagar:

 Lal Chowk – Srinagar

• Silver Price (per kg): ₹82,500
• Silver Price (per gram): ₹82.50

 Zaina Kadal Market (Old City)

• Silver Price (per kg): ₹82,300
• Silver Price (per gram): ₹82.30

 Hari Singh High Street

• Silver Price (per kg): ₹82,700
• Silver Price (per gram): ₹82.70

Note: Prices differ slightly based on purity (fine silver vs. sterling), making charges for jewellery, brand reputation, and the form in which silver is purchased.

 Why Do Silver Rates Vary Across Srinagar Markets?

Different jewellery and bullion markets apply their own pricing methods. Some of the key factors include:

• Local supply and demand
• Making charges on silver ornaments
• Difference in purity levels (999, 995, 925)
• Hallmarking and certification charges
• Dealer markup and wastage percentage

These small variations are perfectly normal across local markets.

 Importance of Updating Silver Rates in Tally Prime

If you are a jeweller, bullion trader, or silver merchant, maintaining accurate silver rates in your Tally Prime system helps you:

• Generate correct invoices
• Maintain accurate stock valuation
• Track real-time profitability
• Avoid inventory mismatches
• Ensure proper GST compliance
• Manage both loose silver and silver jewellery items smoothly

Outdated silver rates can cause wrong calculations, incorrect pricing, and inaccurate accounting.

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

Step 1: Create Silver as a Stock Item

1. Go to Gateway of Tally → Inventory Info → Stock Items → Create
2. Name the item: Silver (999 Purity) or Silver Jewellery
3. Select Units: Grams (g) or Kilograms (kg)
4. Set GST @ 3% if selling jewellery; silver coins/bars may be GST-exempt depending on purity
5. Save.

Step 2: Set Standard Rate for Silver

Tally allows you to enter a daily rate so invoices are automatically calculated.

To Set Standard Rates:

1. Go to Stock Item → Alter
2. Open Silver stock item
3. Enable Set Standard Rates? → Yes
4. Enter the rate:

1. Save.

This ensures the rate used for billing and stock valuation is updated.

Step 3: Update Daily Silver Rate Using Stock Journal

Ideal for businesses where prices change frequently.

1. Go to Gateway of Tally → Voucher → Stock Journal
2. Select Silver stock item
3. Enter Qty: 1 kg or 1000 grams (for journal purpose only)
4. Update Current Rate (e.g., ₹82,500 per kg)
5. Save.

This method adjusts stock valuation without affecting quantity.

Step 4: Create Separate Stock Items if Needed

If you deal in multiple purity types:

• Silver 999
• Silver 995
• Silver 925 Jewellery
• Oxidised Silver

Go to Stock Item → Create and assign unique rates to each item.

Step 5: Billing with Silver Rates in Tally Prime

1. Go to Accounting Vouchers → F8: Sales
2. Select customer
3. Choose stock item: Silver / Silver Jewellery
4. Enter quantity (grams or kilograms)
5. Tally multiplies: Quantity × Rate
6. GST automatically applies
7. Final bill generated instantly

Make charges (if any) can be added through Ledger: Making Charges.

Step 6: Verify Silver Valuation in Reports

Inventory Reports → Stock Summary

Shows real-time value of silver inventory.

Godown Summary

Useful if silver is stored at multiple locations.

Stock Item Monthly Summary

Helps analyze daily, weekly, or monthly changes.

Advantages of Managing Silver Rates in Tally Prime

• Daily price fluctuation management
• Accurate customer billing
• Easy tracking of silver bars, coins & jewellery
• Automatic GST calculation
• Improved profitability insights
• Real-time inventory position
• Easy compliance for auditing and taxation

 Final Thoughts

Srinagar’s markets — Lal Chowk, Zaina Kadal, and Hari Singh High Street — remain the top destinations for silver shopping. Prices are competitive, but they vary slightly due to purity, hallmarking, and making charges. For jewellers and bullion traders, using Tally Prime to update daily rates helps in:

✔ Accurate billing
✔ Smooth inventory control
✔ Transparent customer communication
✔ Proper financial reporting

Managing silver effectively in Tally ensures you stay aligned with the dynamic bullion market and maintain full control over pricing and stock valuation.

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