Gold Rate In Bellary Last Updated : 27 Jan 2023

  • Today's Gold Rate in Bellary (27 Jan 2023)

    ₹ 5,365
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,365 ₹ 5,425 ₹ -60 ↓
    Standard Gold (22 K) (8 grams) ₹ 42,920 ₹ 43,400 ₹ -480 ↓
    Pure Gold (24 K) (1 gram) ₹ 5,633 ₹ 5,696 ₹ -63 ↓
    Pure Gold (24 K) (8 grams) ₹ 45,064 ₹ 45,568 ₹ -504 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 Jan 2023 ₹ 5,365 ₹ 42,920 ₹ 5,633 ₹ 45,064
    26 Jan 2023 ₹ 5,425 ₹ 43,400 ₹ 5,696 ₹ 45,568
    25 Jan 2023 ₹ 5,385 ₹ 43,080 ₹ 5,654 ₹ 45,232
    24 Jan 2023 ₹ 5,385 ₹ 43,080 ₹ 5,654 ₹ 45,232
    23 Jan 2023 ₹ 5,350 ₹ 42,800 ₹ 5,618 ₹ 44,944
    22 Jan 2023 ₹ 5,340 ₹ 42,720 ₹ 5,607 ₹ 44,856
    21 Jan 2023 ₹ 5,340 ₹ 42,720 ₹ 5,607 ₹ 44,856
    20 Jan 2023 ₹ 5,350 ₹ 42,800 ₹ 5,618 ₹ 44,944
    19 Jan 2023 ₹ 5,315 ₹ 42,520 ₹ 5,581 ₹ 44,648
    18 Jan 2023 ₹ 5,315 ₹ 42,520 ₹ 5,581 ₹ 44,648

    Gold Rate Trend

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    *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.

    Todays Gold Price in Bellary

    Gold rates are set to recover in 2016, owing to a host of factors including improving fundamentals and increase in demand for the precious metal has a safe-haven asset among others, according to analysts. From inflation and oil prices to US economic data and quantitative easing, gold rates are affected by a wide range of economic and political developments. India’s current account deficit, inflation, economic outlook and investment inflow also influence the price of Gold across the country. Furthermore, Gold rates vary from city to city in India due to transportation costs, local taxes, procurement and so forth.

    Also check - Gold Rate Today

    Bellary is one of the major commercial hubs in the state of Karnataka. Bellary also known as the city of iron ore is rich is both metallic and non-metallic resources. The precious yellow metal is widely considered a traditional form of investment. In many ways, Gold is viewed as an ancient currency handed down from generation to generation. Also, Gold is used as a collateral to avail of loans to meet financial requirements.

    Gold as an investment in Bellary

    Gold is all forms - coins, bars and jewelry is sold in Bellary. Many in Bellary invest in Gold bars as protection against inflation. Festive occasions and weddings spur demand for Gold in Bellary. Gold is considered auspicious and various forms of temple jewelery is also popular.

    Physical Gold: Jewelry remains the most dominant aspect of buying Gold in Bellary. Major jewellery stores in Bellary sell both traditional and designer Gold jewelry to cater to all kinds of customers. Bullion bars are sought-after by customers who wish to buy Gold for investment purposes.

    Gold contracts: Consumers in Bellary also invest in gold contracts. The MCX (Multi Commodity Exchange) and NSEL (National Spot Exchange) sell spot and future gold contracts in India.

    Gold rates in Bellary

    Gold rates have been on the rise in the first two months of 2016 in Bellary. 1 gm of 24 karat gold which was pegged at Rs.2551 on December 27th, 2015, rose by 2.3% to Rs.2610 on January 1st, 2016. Gold rates rose further throughout the month of January with the price of 1 gm of 24 karat gold pegged at Rs.2679 on January 10th, Rs.2701 on January 19th and Rs.2717 on January 25th. The upward trend continued in the month of February as the price of 1 gm of 24 karat gold pegged at Rs.2759 on February 17th, rose by 6.9% to Rs.2866 on February 18th. The trend continued in the first week of March with 1 gm of 24 karat gold touching Rs.3032. Gold prices plummeted in latter half of 2015 barring mini-rallies in that 1 gm of 24 karat gold which was pegged at Rs.2723 in August, fell by -0.2% to Rs.2702 in September 2015. The downward trend continued in the following months with the price of 1 gm of 24 karat gold touching Rs.2560 in November 2015.

    FAQs on Gold rate in Bellary

    1. Which factors affect the gold price in Bellary?

      The gold prices in Bellary are affected by various external factors such as the rate of Indian currency with respect to US dollar, price of oil, important political events, etc. The internal factors such as the policies introduced by the government, interest rate, the demand for gold, etc., also have an impact on gold prices in India.

    2. What is 22 karat gold?

      22 karat gold, on the other hand, is an alloy wherein 91.67% is gold and the remaining is a mixture of metals like zinc, silver, nickel, etc. These impurities in the 22 karat gold make the metal stronger allowing it to be used for making jewellery.

    3. What is the difference between KDM gold and Hallmark gold?

      Hallmark is the certification of quality awarded to the gold by the Bureau of Indian Standards (BIS). KDM gold is a gold alloy made by using zinc and copper as solder.

    4. What are the advantages of buying gold through Multi Commodity Exchange?

      There are multiple advantages of buying gold through the Multi Commodity Exchange. The gold delivery is from an accredited vault, the purchase process is transparent and is of standard size. The gold quality is assured and the best rates are offered.

    5. Is it profitable to invest in digital gold?

      If you have invested in digital gold (24K 99.9% pure gold), the chances of loss are low however it does exist.

    6. Is the price of gold in Bellary be the same as the price of gold in other cities?

      The price of gold in cities in Karnataka is likely to be the same, however, the price of gold in Karnataka will be different than its price in other states. This might be due to various factors such as the demand for gold in the city which may determine its price.

    7. What is the difference between 22-karat and 24-karat gold?

      24-karat gold is considered to be the purest form of gold. This means that there is no other metal mixed with it, whereas 22-karat gold may contain some metal which may affect its overall purity as well as the cost. A 22-karat gold will be cheaper than a 24-karat gold.

    8. Why do gold rates fluctuate in different cities in India?

      The main reason behind the varied rates of gold across different cities and states in India is the addition of transportation charges of the precious metal. In addition to that, the rates also vary depending on the discount provided for bulk purchases. The transportation charges added to the price of gold leads to the fluctuating rates across the country during the same period.

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