When is the Best Time to Buy Gold?

Investors often find themselves in a confusion of buying an asset on the go or waiting for some more time to make a purchase. Each one of us wants to crack the code to the perfect timing of buying an asset to ensure maximum returns on minimum investments. While perfect timing to buy other investments hasn’t been unleashed yet, we do have knowledge of the best time to buy one of the most traditional investment assets, that is, gold.

In countries where gold is much more than just a precious yellow metal that is ideal for investments, there are certain times of the year that are best to buy gold. So, in this article, we have discussed when is the best time to buy gold and the reasons supporting our observation. 

Things to do While Choosing the Best Time to Buy Gold

In addition to the time period mentioned above, investors can curate their own list of the best time to buy gold. While some people may like to wait till the arrival of an auspicious day to make the gold purchases, others may prefer buying bits of gold on a consistent basis. Here are some things to consider while choosing the best time to buy gold. 

Look at the Upward Trend

The history of gold prices shows that they have been increasing over the long course of time. So, even if the prices of gold are dipping temporarily by about 3%-5%, the investors are advised not to refrain from buying gold. This is because the prices of gold will increase in the long run. 

Make Purchases in Uncertain Times

Whenever there is a possibility of negative economic trends coming up through announcements by news channels, banks, stock exchanges, etc., it is always the best time to buy gold. It is because such economic conditions are known to affect other assets adversely. This leads to investors turning up to gold investments to balance out the negatives in their portfolios. So, the prices of gold increase on account of high demands. 

Best Time to Buy Gold: Buy Gold as per Your Ability

If you don’t want to take out a big chunk of your money to buy gold and would like to take baby steps instead, buying gold in small quantities as and when you can, is an ideal approach. It not only helps you in accumulating large amounts of gold over time but also balances out the crests and troughs in the price graph of gold. 

Keep an Eye on the Prices of Gold

It is okay to rely on newspapers, online articles, and expert opinions to make your gold-buying decisions to some extent. However, it is always advisable to do your own research and keep a keen eye on the prices of gold if you are planning to make gold-based investments. This helps you pick the best time to buy gold that makes absolute sense to you. It is because the best time to purchase gold differs from person to person. On one hand, some investors have no problem in making their buying decisions when the prices are moderately high, some, on the other hand, may like to wait till a dip in the prices. 

Consider the Safety Blanket of Gold

The main motive of making investments is to reap high gains on minimum investments. So, when choosing the best time to buy gold, it is important to keep in mind that gold is a safety blanket that hedges your portfolio against rough market conditions. While it is good to generate profits and take them out, one should always keep some percentage of their returns in investments to safeguard their wealth in the future. 

Is it a Good Time to Buy Gold?

Keeping in view the characteristics of the best time to buy gold mentioned above, it is pretty clear that it is a good time to invest in gold right now. Here are a few reasons why.

The Russia-Ukraine War 

Since the declaration of war on Ukraine by Russia, there have been significant drops in the national and global stock markets around the world. Experts believe that the markets will drop further over the month of March. This will lead to investors turning to gold investments to protect their wealth in terms of stocks. So, investors are advised to buy gold right now before the prices increase further. 

Potential Occurrence of New Covid Variants

The arrival of the worldwide Covid-19 pandemic has pushed down economies around the world. Since the beginning of the year 2020, the gold prices have increased due to the uncertainty about its end. Then again, smart investors are putting a significant amount of their investments into gold as means to hedge their portfolio against potential market risks. 

Availability of Digital Gold

With the new and improved technology of digital gold where people can invest in gold while sitting at their homes, the demand for gold is rising dramatically. This, in turn, is going to increase the prices of gold because of increased demand against limited supply. So, it’s definitely a good idea to buy gold right now. 


Now that you know about the best time to invest in gold, we hope that you will be going to make some very informed decisions in this respect. If you are looking for some of the best ways to buy gold, digital gold is one such way to do it.

A range of platforms like OroPocket are offering digital gold investments. There are numerous advantages of buying digital gold over physical gold like no additional storage costs, risks of thefts, hefty making charges, quality issues, and so on. In addition to this, unlike physical gold, there are a number of gold-saving products like Gold ETFs, Sovereign Gold Bonds, Gold Stocks, etc. However, digital gold has proven to be the best way to invest in gold as you can buy gold in a few taps on your phone and get it converted to physical gold easily.