Gold Price in Belgaum today - 22 May

last updated on 22 May 2022

India

0(per gram) (16K)

Gold in Belgaum is considered a source of social status besides being viewed as a safe haven against financial crises. However, given the changing market conditions, the rate of this metal varies frequently in the city. Therefore, residents must be aware of the gold price in Belgaum to avoid incurring any financial loss during purchasing or borrowing a gold loan.

Gold Price Calculator In Belgaum

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Gold Prices in Belgaum for different purity

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Belgaum for last 7 days

DateGold price 1 gramGold price 10 gram
28 April, 2022₹ 5,400₹ 54,000
27 April, 2022₹ 6,000₹ 60,000
26 April, 2022₹ 6,500₹ 65,000
25 April, 2022₹ 7,000₹ 70,000
24 April, 2022₹ 7,500₹ 75,000
23 April, 2022₹ 6,500₹ 65,000
22 April, 2022₹ 7,500₹ 75,000

What Are the Gold Rates for Different Purities? (Comparison Table for 18, 22, and 24 Karats)

Usually, there are 3 purity levels of gold – 24, 22, and 18 karats. 24 karat is the purest and the most expensive of the other two types. 22 karat is less costly than 24 karats, while 18 karat is the least pricey on this list. Moreover, lenders usually accept a minimum purity of 18 karat gold to be pledged as collateral in a loan. Belgaum residents can check the metal price of each karat on this page, which is updated daily.

What Was the Gold Rate in Belgaum for the Last 7 Days?

Over the past few months, increasing demand for gold contributed to its rising prices in Belgaum. Experts assume that the rate of this precious metal in the city will be on an inflationary trend in the future.

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Weekly and Monthly Graph of Gold Rate in Belgaum

Gold rates in Belgaum are dynamic like any other city in India. Variation in factors such as import duty, demand and supply of the metal, and transportation charges also changes this metal's price.

Here is a weekly and monthly graph of this metal's rates in Belgaum

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Why Is It Necessary to Check Gold Rate in Belgaum?

Residents of Belgaum, especially borrowers, must check the gold rate on this page before borrowing a loan against collateralising this precious yellow metal. This will help them compare the rates with each lender in Belgaum and finalise a suitable loan deal.

What Are the Factors Influencing Gold Prices in Belgaum?

Factors affecting gold prices in Belgaum are listed below:

  • Inflation
  • Interest rates
  • Gold reserves held by the Reserve Bank of India
  • Demand and supply of the metal
  • Import duty
  • Fluctuations in currency

How to Evaluate Gold Price in Belgaum?

Individuals can calculate the gold price in two different ways:

  • Percentage Purity Method - Gold value = (Gold’s purity x weight x gold rate) / 24
  • Karat Purity Method - Gold value = (Gold’s purity x weight x gold rate) / 100

Once obtaining the gold's value, use this to get the following results from our online gold calculator on this page-

Gold Loan Amount Required

  • Step 1: Select the 'Choose available Gold Weight' tab.
  • Step 2: Provide details of weight and purity of gold, repayment tenure, and interest rate.

After entering all the information, individuals will get results on the loan amount a willing borrower can secure, total, and monthly interest payments.

Gold Required to Get a Loan

  • Step 1: Click on the 'Choose required Loan Amount' tab
  • Step 2: Enter the required loan amount, tenure, and rate of interest

This online calculator will provide information on gold required, total, and monthly interest payments in a few minutes.

Why Does the Gold Price in Belgaum Vary with That in Other Cities?

Here are the reasons why the gold price in Belgaum is different from other cities in India:

  • Making charges
  • Transportation costs in and around the city
  • Taxes on the metal

So, remain mindful of the ongoing gold price in Belgaum before borrowing a loan against pledging this yellow metal as collateral. For securing a gold loan at convenient repayment terms and nominal interest rate, apply the same from Rupeek, India’s leading online gold loan lender.

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