South India Gold Rate Update: Bengaluru, Mysuru, Chennai & Coimbatore on 6 November 2025 – Price Trends, Market Insights & Tally Prime Integration

Published on: 06-11-2025 Call CA Tally HelpDesk +91 9205471661, 8368262875

Introduction

On 6 November 2025, gold prices across major South Indian cities — Bengaluru, Mysuru, Chennai, and Coimbatore — showed minor fluctuations after the festive season surge. Following a period of high demand during Diwali and wedding purchases, the market has now entered a consolidation phase.
Despite the slight cooling in prices, the yellow metal continues to hold its position as one of the most stable and sought-after investment options for both households and traders across Karnataka and Tamil Nadu.

Current Gold Prices (as of 6 November 2025)

The gold rates in South India on this date reflected a marginal dip compared to the previous week. Based on average market trends, the prices stood approximately as follows:

(Note: These are indicative averages and may vary slightly by jeweller or district.)

Market Trends and Price Factors

The gold price pattern in early November 2025 can be traced to a mix of international, domestic, and seasonal influences:

1. Post-Festive Correction

After a strong surge in October due to Dhanteras and Diwali purchases, the first week of November saw a natural correction of around ₹200–₹300 per gram. Many buyers who had postponed purchases during the festival rush are now returning to the market, helping prices stabilize.

2. Global Cues

Internationally, gold hovered around $2,345 per ounce amid stable U.S. interest rates and steady inflation. With investors eyeing gold as a safe-haven asset, global sentiment remains mildly bullish, supporting Indian prices.

3. Currency Exchange and Import Cost

A slightly stronger rupee against the U.S. dollar during the week helped keep local bullion prices in check. However, import duties and logistics costs continue to play a key role in regional price differences between Karnataka and Tamil Nadu.

4. Regional Buying Patterns

• Bengaluru & Mysuru: Urban consumers showed strong preference for 22K jewellery, while investors leaned toward coins and bars.
• Chennai & Coimbatore: Rural demand remained firm, especially in the wholesale jewellery sector and temple donations.

Buying Guide for Consumers

If you’re planning to buy gold during this period, keep these points in mind:

• Always check daily rates displayed by leading jewellers or reliable bullion portals.
• Confirm BIS Hallmark certification and verify purity (22K or 24K).
• Ask for transparent billing with GST, making charges, and net weight details.
• For investment, prefer coins or bars to minimize design-based charges.
• For business buyers, record transactions digitally in Tally Prime for better audit compliance.

How to Record and Update Gold Rates in Tally Prime

Tally Prime enables jewellers, accountants, and small businesses to easily record gold inventory and maintain real-time valuation. Here’s how you can manage it efficiently:

1. Create Stock Groups

• Go to Gateway of Tally → Inventory Info → Stock Group → Create.
• Set up groups like Gold 24K – Karnataka and Gold 22K – Tamil Nadu.
• Under each group, create stock items such as 24K Gold Bar – Bengaluru or 22K Necklace – Chennai.

2. Define Units and Rates

• Choose grams (g) or tolas as the unit of measure.
• Enter the daily rate (e.g., ₹12,250/g for 24K in Mysuru).
• Save and apply the rate across similar items.

3. Record Purchases and Sales

• Use Purchase Voucher (F9) for procurement, mentioning weight, rate, and GST.
• For sales, use Sales Voucher (F8) and include the updated rate with making charges.
• Tally automatically updates your stock and cost ledgers.

4. Valuation and Reporting

• Go to Display → Inventory Reports → Stock Summary to view city-wise valuation.
• Choose Standard Cost or Moving Average for realistic profit calculations.
• Generate branch-wise performance reports if you manage outlets in multiple cities.

5. Automate with Excel Import

For bulk rate updates, prepare an Excel sheet with city, purity, and rate columns. Import it directly into Tally Prime to auto-update hundreds of stock items instantly.

Conclusion

On 6 November 2025, gold prices across Bengaluru, Mysuru, Chennai, and Coimbatore witnessed slight corrections but remained at healthy levels. The regional market continues to reflect India’s deep-rooted affinity for gold — whether for weddings, investment, or cultural traditions.

By integrating the updated gold rates into Tally Prime, jewellers and businesses can maintain accurate financial records, track profits, and stay GST-compliant. The combination of real-time price management and powerful reporting tools makes Tally Prime the preferred choice for modern gold traders and accountants across South India.

As we move further into the festive-to-wedding transition season, steady monitoring of market trends and smart digital accounting will ensure that both buyers and sellers benefit from every gram of gold traded.

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