Today’s Gold Rate in Varanasi (Uttar Pradesh) (30 October 2025): Market Overview & Accounting Guide

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

Varanasi, one of India’s oldest and most culturally vibrant cities, has always been a hub for gold jewellery, trade, and investment. On 30 October 2025, the gold market in Varanasi shows steady pricing trends, reflecting a balance between festive demand and global economic influences. Whether you are a jeweller, investor, or accountant using Tally Prime, understanding the daily gold rate and how to record it correctly is key to maintaining financial accuracy.

Gold Rates in Varanasi – 30 October 2025

As of 30 October 2025, the average market rate in Varanasi stands as follows:

• 22-Carat Gold: ₹1,11,000 – ₹1,12,000 per 10 grams
• 24-Carat Gold: ₹1,21,000 – ₹1,22,600 per 10 grams

These figures represent general city-level averages. Actual prices may vary slightly depending on jewellers, making charges, hallmarking fees, and local tax policies.

Varanasi’s jewellery centres, including Goodwill Market, Chowk, and Laurier, remain bustling during the festive and wedding seasons. October is traditionally a strong month for jewellery sales, as households buy gold for Dhanteras, Diwali, and upcoming wedding functions.

Key Factors Influencing Gold Prices in Varanasi

1. Global Bullion Trends
   International gold prices play a direct role in domestic rates. Any change in the U.S. dollar index, inflation levels, or central-bank policies can affect local gold pricing in India.
2. Currency Exchange Rate
   Gold is primarily imported into India. When the rupee weakens against the dollar, import costs rise, leading to a higher local price even if global gold rates remain stable.
3. Local Demand and Festive Season
   In Varanasi, demand often surges in October – November due to religious and wedding seasons. As more consumers buy ornaments or coins, retailers adjust prices slightly higher to account for increased demand.
4. Retail Premiums and Taxes
   Each jeweller adds a markup that covers making charges, design labour, and hallmark certification. These charges vary between 5 % and 15 % depending on complexity and style.
5. Investment Demand
   Investors increasingly treat gold as a stable hedge against inflation. A rise in demand for coins, bars, or digital gold also sustains the price level.

Tips for Buyers and Investors in Varanasi

• Always check the live market rate before purchasing ornaments or bullion.
• Buy only BIS-hallmarked gold to ensure purity and authenticity.
• Ask for a tax-invoice specifying purity, weight, and making charges.
• If buying for investment, prefer coins or bars as they attract lower making costs and have better resale value.
• Compare prices from at least two reputed jewellers in your area.

Recording Gold Rates in Tally Prime – Step-by-Step Guide

For businesses in Varanasi—especially jewellers, wholesalers, or accountants—Tally Prime offers an efficient way to record daily gold rates, maintain inventory accuracy, and track profitability. Here’s how you can implement today’s rates (30 Oct 2025) effectively.

1. Create Stock Items by Purity

• In Gateway of Tally → Inventory Info → Stock Items → Create,
  create items like Gold 22K – Varanasi and Gold 24K – Varanasi.
• Use Grams as the unit of measurement and optionally define 10 grams as an alternate unit.

2. Maintain Daily Price Lists

• Enable the Price List feature under F11 → Features.
• Enter the rates as on 30 Oct 2025 (e.g., ₹11,100/g for 22K, ₹12,150/g for 24K).
• Add a note: “Varanasi Market Rate as on 30-10-2025.”

3. Configure Voucher Classes

• In Sales Voucher Type, enable “Rate from Price List.”
• This ensures automatic rate fetching during billing while allowing you to adjust making charges separately.

4. Separate Ledgers for Clarity

• Create individual ledgers: Gold Value, Making Charges, and Hallmark Fees.
• This improves tax calculation accuracy (3 % GST on gold + 5 % GST on making).

5. Tag Branch or Location

• If you operate multiple outlets (e.g., Varanasi Branch + Lucknow Branch), define a Godown called “Varanasi Showroom.”
• This helps maintain city-specific reports and valuations.

6. Add Proper Narration

• While recording a sale, mention: “Rate based on Varanasi Market Gold Price dated 30 Oct 2025.”
• This provides an audit trail for compliance and reference.

7. Analyse Reports

• Use Stock Summary to track available quantity and valuation.
• Use Price List Report to monitor historical rate changes.
• Review Sales Register for profit margin insights based on changing gold prices.

Benefits of Managing Gold Rates in Tally Prime

• Accuracy: Automates pricing and minimizes manual errors.
• Transparency: Each rate entry and sale carries a clear record.
• Compliance: Simplifies GST, making charge, and inventory reporting.
• Efficiency: Multi-user access ensures faster billing during festive rush.

Conclusion

The gold rate in Varanasi on 30 October 2025 stands steady near ₹1,11,000 – ₹1,12,000 for 22-carat and ₹1,21,000 – ₹1,22,600 for 24-carat gold per 10 grams. The blend of global cues, festive buying, and local retail conditions keeps the market vibrant. For jewellers and traders, using Tally Prime to update rates, track inventory, and maintain transparent records ensures smooth operations and financial accuracy. By combining proper accounting with daily rate monitoring, businesses in Varanasi can serve customers better while maintaining consistent profitability.

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