What is the Best Time to Start Investing in gold

In a country like India, the investment in gold is not a novice concept as it has been found to be in our roots. For ages, our ancestors have been in buying gold at various occasions like wedding, birthdays, anniversaries, and others. Not only these gold purchases are meant to delight the person but the jewellery bought serves as a precious investment. In case of an emergency, these jewellery pieces can be used to get gold loan from banks and other financial institutions.

Contrary to other intangible assets like stocks, FDs, and others, gold is a tangible asset which can be used anytime to seek funds. As per the various gold rate prediction 2021 reports, it can be easily understood that the rate of gold has seen a surge in the past few years. It simply means that whatever amount of gold you buy, it is more likely to witness an increase in its value in future. This makes gold the most preferred investment choice not only in India but in countries too.

Now, here is an important question emerge – what is the best time to start investing in gold? To get the answer, keep reading below.

By going through the various gold rate forecast reports, it has been found that gold prices tend to go up during the first couple of months of the year. The price takes a break through the spring and summer, then surges again in the fall.

Traditionally, the most favourable times to buy gold are initial weeks of January, March and April, or from mid-June to primary July.

It can also be seen that the price does not factually return to its prior-year low. The low of a particular year is certainly in January—but it’s the low of that year, not the preceding year. Clearly, there were times when the gold price did take a dive—but at the same time, there were when its value went up. By determining all those increases and alterations and obsessions and selloffs, investors will get their best price at the extreme start of the year, or the year before.

It’s quite feasible to witness silver’s higher volatility. Another important thing to notice is that historically, silver doesn’t renounce to its January’s extreme low. The only other favourable times to buy, on average, is in March or the latter part of June.

Similar to gold, it is easy to see that silver usually doesn’t come near to revisiting its prior year value. The historical statistics say that on average, investors can expect get their best price in beginning of January or the previous year.

If you are look at the data from 1975, the gold price has inclined to slump the most in March. The regular chart clearly shows April might offer a bit lower overall price, but history reveals that March is the month gold cascades the most and is therefore one of the best times to buy.

According to the best stock broker in India, “Increasing coronavirus cases, incessant liquidity inoculations, surging inflationary expectations, debt-supportive economies, Middle-East strains, economical war between US and China and few other factors continue to push the sentiment and build a favourable scenario for higher gold prices.”

If you take a broader look, you can easily determine that investing gold either physical or digitally is a win-win choice. so, if you are planning to invest in gold and checking will gold rate decrease in coming days, there is one thing that you need to understand and that it’s certainly the best time to invest in gold.