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 Rate Trend in Bellary for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,002 per gram | Rs.2,998 per gram | Rs.2,987 per gram |
| Last day | Rs.3,045 per gram | Rs.3,014 per gram | Rs.3,109 per gram |
| Highest price | Rs.3,084 per gram on 20 and 21 January | Rs.3,031 per gram on 19 February | Rs.3,045 per gram from the 25th to the 29th |
| Lowest price | Rs.3,001 per gram on 4 January | Rs.2,951 per gram on 8 January | Rs.2,977 per gram on the 19th |
| Trend | Incline | Incline | Incline |
| Change | 1.43% | 0.53% | 1.07% |
Gold Rate Trend in Bellary for January 2018:
- When the first month of Q1 2018 began in Bellary, gold was priced at Rs.3,002 per gram.
- Due to a weak demand, brought about by a strong dollar, gold rates dropped to Rs.3,001 per gram on the 4th – the month’s lowest rates.
- From this point on, gold was largely on the incline albeit with quite a few fluctuations recorded in brief spells throughout.
- By the 20th, gold rates in Bellary had surged to Rs.3,084 per gram – the month’s highest rates – as local demand increased amid strong global cues.
- The rise happened due to a poorly performing US dollar, which help investors improve their positions.
- Over the final ten days, gold rates declined steadily as demand eased amid decreased sales and a rising dollar.
- When the month ended, gold prices were recorded at Rs.3,045 per gram.
- A change of 1.43% was recorded this month, thanks to a strong demand from local investors.
Gold Rate Trend in Bellary for February 2018:
- When trading for the month of February began, gold was priced at Rs.2,998 per gram. This rose to Rs.3,019 per gram on the 2nd as demand surged amid a sudden shift in equity markets.
- On the 8th, gold rates in Bellary dropped to Rs.2,951 per gram – the lowest for the month – as local demand plummeted due to poor cues.
- Gold regained its lost ground as the US dollar fell and the metal traded at Rs.3,017 per gram on 15th February.
- As demand rose, gold price in Bellary reached Rs.3,031 per gram – the month’s highest rates. This, however, dropped as demand couldn’t be sustained.
- The next two weeks saw gold prices fluctuate considerably hitting Rs.3,014 per gram on the 20th before falling to Rs.2,993 per gram by the 23rd.
- Gold recovered to trade at Rs.3,008 per gram on 25th and surged slightly to end the month at Rs.3,014 per gram.
- A surge of 0.53% in price trends were recorded this month – thanks to the steady rise seen during the second and third weeks.
Gold Rate Trend in Bellary for March 2018:
- Gold price in Bellary had fallen to Rs.2,987 per gram – a Rs.27 decline – when markets opened for trading for the month of March.
- This was due to subpar demand from the domestic market and the steadily performing US dollar.
- The worst was yet to come for the month – and it did arrive during the fourth week – leading to gold trading at Rs.2,977 per gram on the 19th of this month.
- Rates recorded on the 19th was the lowest for the month, but this changed soon as demand rose the next week.
- Gold traded at a monthly high figure of Rs.3,045 per gram from the 25th to the 29th as the US dollar underwent some turbulent times.
- The month ended with gold rate in Bellary falling to Rs.3,019 per gram.
Gold Rate Trend in Bellary for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.2,985 per gram | Rs.2,942 per gram | Rs.2,932 per gram |
| Last day | Rs.2,942 per gram | Rs.2,947 per gram | Rs.2,941 per gram |
| Highest price | Rs.2,995 per gram on 16 October | Rs.2,981 per gram on 20 November | Rs.2,942 per gram on 2, 3 and 4 December |
| Lowest price | Rs.2,932 per gram 27 October | Rs.2,907 per gram on 6 November | Rs.2,861 per gram on 16, 17 and 18 December |
| Trend | Decline | Incline | Incline |
| Change | 1.44% | 0.16% | 0.30% |
Gold Rate Trend in Bellary for October 2017:
- The final quarter of 2017 began in Bellary with gold trading at Rs.2,985 per gram. Gold prices would see considerable decline this month owing to poor local cues which was affected by a strong dollar.
- There were considerable fluctuations to be witnessed during the initial half of the month, with demand remaining uncharacteristically low despite the onset of a major festive season.
- Gold rates in Bellary were at their highest on the 16th when it traded at Rs.2,995 per gram as traders took advantage of a brief fall in the dollar.
- However, prices continued to dwindle from the 17th as demand remained mostly flat and even fell as days progressed.
- Gold prices were at their lowest this month on the 27th when the metal traded at Rs.2,932 per gram.
- Price trend saw a considerable decline this month with rates falling at a rate of 1.90% due to poor sales.
Gold Rate Trend in Bellary for November 2017:
- November’s gold trading took a positive turn as global cues was steady and the US dollar losing its lustre.
- On the 1st of November, gold was priced at Rs.2,942 per gram. The first week saw gold demand at its lowest for this month, which was seen as gold traded at a monthly low figure of Rs.2,907 per gram on the 7th.
- But, once the US dollar began to weaken amid a poor market, gold prices continued its gradual surge.
- The 20th saw gold prices in Bellary hitting Rs.2,981 per gram figure – the highest rate for the entire month.
- But, there were fluctuations from the 21st onwards as there was no clear indication of a stable demand.
- When November came to an end gold was seen trading at Rs.2,947 per gram – a marginal high of Rs.5 from the prices seen on the 1st of the month.
Gold Rate Trend in Bellary for December 2017:
- December began in Bellary with gold trading at Rs.2,932 per gram.
- The 2nd and 3rd recorded the highest gold rates – with the metal trading at Rs.2,942 per gram – as demand was steady.
- However, demand was strongly swung by the tax reform introduced by US president Donald Trump, which caused the dollar to strengthen subsequently pushing gold rates down.
- Gold rates in Bellary went down to as low as Rs.2,896 per gram as the rallying of the US dollar continued, which caused gold demand to plummet.
- On the 13th, gold rates were at their lowest for the month. The metal traded at Rs.2,859 per gram as markets remained strong, which gave little incentive for bullion investors.
- Prices rallied as other concerns regarding Trump’s US presidency resurfaced. This, combined with a declining dollar led to consistent increase in gold prices.
- Price trend saw a 0.30% decline this month, thanks to a solid start to the given by strong investor sentiments.