Urs Peter Bally (10 February 1783 - 23 November 1849) was a Swiss businessman, silk ribbon manufacturer, and politician who was primarily active in Schönenwerd, Switzerland.

He served on the Grand Council of Solothurn from 1830 to 1848.

[1] Bally was born 10 February 1783 in Schönenwerd, the son of Franz Ulrich Bally (né Bohli), a silk merchant turned stonemason, originally from Vorarlberg, Austrian Empire who emigrated to Aarau in the 1770s, and worked for silk ribbon manufacturer Johann Rudolph Meyer.

[2] On 7 September 1807, he married Anna Maria Herzog, a local woman and daughter of a merchant.

They had fourteen children including Carl Franz Bally and Fritz Bally who would take over his business in Schönenwerd.