Gold Rate In Belgaum

  • Today's Gold Rate in Belgaum( 21 Oct 2021 )

    ₹ 4,590
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Belgaum (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,590 ₹ 4,575 ₹ 15 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 36,720 ₹ 36,600 ₹ 120 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,820 ₹ 4,804 ₹ 16 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,560 ₹ 38,432 ₹ 128 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    20 Oct 2021 ₹ 4,590 ₹ 36,720 ₹ 4,820 ₹ 38,560
    19 Oct 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    18 Oct 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    17 Oct 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    16 Oct 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    15 Oct 2021 ₹ 4,625 ₹ 37,000 ₹ 4,856 ₹ 38,848
    14 Oct 2021 ₹ 4,615 ₹ 36,920 ₹ 4,846 ₹ 38,768
    13 Oct 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    12 Oct 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    11 Oct 2021 ₹ 4,535 ₹ 36,280 ₹ 4,762 ₹ 38,096

    Weekly & Monthly Graph of Gold Rate in Belgaum (1 gram)

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold rates have been on the rise in the first two months of 2016. Gold rates are influenced by a wide range of factors including inflation, money supply, oil prices, tight monetary policies (China and the US), currency value fluctuations, quantitative easing in addition to various national factors such as import duties, demand for gold, current account deficit, growth of economy and so forth.

    Belgaum also known as Belagavi is one of the major cities commercial hubs in the state of Karnataka. The city of Belgaum is second only to the capital city Bangalore in Karnataka in terms of exports. The government of Karnataka has, therefore, proposed to make Belgaum the second capital. Gold in Belgaum is viewed as a display of social status and wealth apart from as a safe hedge against financial uncertainty and crisis, which in many ways, drives the demand for the precious yellow metal.

    Trend of Gold Rate in Belgaum for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,501 per gram
    August 31 Rate Rs.5,295 per gram
    Highest Rate in August Rs.5,761 per gram on 8 August
    Lowest Rate in August Rs.5,066 per gram on 2 August
    Overall Performance Decline
    Percentage Change -3.75%

    Trend of Gold Rate in Belgaum for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,984 per gram
    July 31 Rate Rs.5,496 per gram
    Highest Rate in July Rs.5,496 per gram on 31 July
    Lowest Rate in July Rs.4,946 per gram on 7 July
    Overall Performance Incline
    Percentage Change 10.2%

    Trend of Gold Rate in Belgaum for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,817 per gram
    June 30 Rate Rs.4,991 per gram
    Highest Rate in June Rs.4,991 per gram on 30 June
    Lowest Rate in June Rs.4,724 per gram on 8 June
    Overall Performance Incline
    Percentage Change 3.61%

    Trend of Gold Rate in Belgaum for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,681 per gram
    May 30 Rate Rs.4,803 per gram
    Highest Rate in May Rs.4,900 per gram on 20 May
    Lowest Rate in May Rs.4,587 per gram on 6 May
    Overall Performance Incline
    Percentage Change 2.60%

    Trend of Gold Rate in Belgaum for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,053 per gram
    April 30 Rate Rs.4,731 per gram
    Highest Rate in April Rs.4,800 per gram on 27 April
    Lowest Rate in April Rs.4,053 per gram from 1 April to 5 April
    Overall Performance Incline
    Percentage Change 16.7%

    Trend of Gold Rate in Belgaum for March 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,090 per gram
    March 31 Rate Rs.4,053 per gram
    Highest Rate in March Rs.4,368 per gram on 7 March
    Lowest Rate in March Rs.3,953 per gram on 20 March
    Overall Performance Decline
    Percentage Change -0.90%

    Trend of Gold Rate in Belgaum for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,014 per gram
    February 29 Rate Rs.4,195 per gram
    Highest Rate in February Rs.4,232 per gram on 25 February
    Lowest Rate in February Rs.3,956 per gram on 7 February and 8 February
    Overall Performance Incline
    Percentage Change 4.50%

    Trend of Gold Rate in Belgaum for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,860 per gram
    January 31 Rate Rs.4,014 per gram
    Highest Rate in January Rs.4,053 per gram on 9 January
    Lowest Rate in January Rs.3,848 per gram on 2 January
    Overall Performance Incline
    Percentage Change 3.98%

    Gold as an investment in Belgaum

    Gold is highly sought-after in Belgaum owing to the intrinsic value of the precious metal. Many in Belgaum invest in Gold bars as an effective hedge against inflation. Gold consumption increases during festive occasions in addition to wedding celebrations. Gold jewelry is considered auspicious and a traditional form of investment.

    Physical Gold: There are various jewellery stores in Belgaum which sell designer pieces which are both traditional and contemporary. Gold rings, bangles, anklets are much in demand. Banks also sell Gold bars and coins. Various jewelry stores in Belgaum sell various special offers wherein customers can buy gold in equated monthly installments.

    Gold contracts: The MCX (Multi Commodity Exchange) and NSEL (National Spot Exchange) sell spot and future gold contracts in India. The MCX launched a futures contract, Gold Global in 2015.

    Gold rates in Belgaum

    Gold rates have been on the rise in the first two months of 2016 in India. Gold rates in Belgaum mirrored the trend across the country. 1 gm of 24 karat gold which was pegged at Rs.2610 on December 27th, 2015 rose by 1.22% to Rs.2642 on January 16th, 2016. Gold rates continued to rise in January with the precious metal touching Rs.2759. The month of February saw gold prices rise by an average of 1.4% on a weekly basis. 1 gm of 24 karat gold which was pegged at Rs.2759 till the end of the first week of February rose by 3.8% to Rs.2866 on February 9th. Gold prices touched Rs.2930 towards the end of February. The upward movement continued in the first week of March as well as 1 gm of 24 karat gold was pegged at Rs.3032. The price of gold plummeted through the latter half of 2015 in Belgaum as 1 gm of 24 karat gold which was pegged at Rs.2727 in June 2015 fell by -3.6% to Rs.2628 in August. The price of gold fell further in the following months of September, and October barring minor fluctuations to touch Rs.2613 in November 2015.

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