Tuesday is considered an auspicious day for investments and financial decisions. Many cultures view this day as favourable for making significant purchases, including gold.
Fin-Fact: Akshaya Tritiya and Dhanteras are considered the most auspicious days to buy gold during the year, and most gold purchases occur around these days.
Thursday: Thursday is mainly considered an auspicious day, but the market price should be a primary consideration. 5. Friday: Friday could be a high price day for gold because of weekend demand. People can wait for two days instead of impulsively shopping during the day.
In the UK, the price of gold (known as the Gold Fix) is set twice each day at 10:30am and 3:00pm by the London Bullion Market Association (LBMA), with many factors taken into consideration when deciding the price, including supply and demand, economic and political uncertainty, central bank buying and selling, and ...
In many Western countries, the wedding season winds down after Valentine's Day. This can lead to a decrease in demand for gold jewelry, potentially lowering prices. The summer months, particularly June and July, have historically been among the cheapest times to buy gold.
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What time of day is gold the highest?
Best Hours of the Day to Buy Gold
11:00 AM — 2:00 PM → High volatility due to dealers updating previous commitments. 2:00 PM — 6:00 PM → ✅ Best time to buy gold, especially molten gold. Prices are stable and realistic. 6:00 PM — 8:00 PM → Demand rises; prices go up.
Historical gold price averages over the past 50 years indicate the best time of year to buy gold is at the start of each calender year and again in the middle of summer, early July. Prices have tended to push higher at the fastest rate after these periods. History doesn't repeat itself, but it does rhyme.
This means that gold is mostly available to trade nearly 24 hours a day, from Sunday afternoon to Friday, with no weekend trading. Unlike the OTC forex and gold CFD market, which runs fluidly 24 hours a day, the precious metals market has a one-hour break from midnight each night in the futures market.
The months following wedding season and major festivals — typically between April to July — are generally considered the off-season for gold jewellery purchases in India. During this time, the demand is lower, and jewelers often offer discounts to attract customers.
It is believed that this not only benefits Mother Lakshmi but also lord Surya, which leads to the growth of life. However, you should never buy gold on Saturdays. Traditionally, the part of Shani Dev is made of iron metal. However, the gift of iron or iron related items on Saturdays is considered auspicious.
Gold rose 11.7% in 2022, 7.8% in 2023, and 28.3% in 2024. This compares to a 0.3% annual return for UK shares in 2022, 7.9% in 2023 and 9.5% in 2024. This year continues the pattern, with the gold price rising by around 20% so far this year (at the time of publication) already for UK investors.
How is gold traded on the market? In the forex market, gold is traded as XAU/USD and is open for trading 24 hours from Monday to Friday. Traders looking for optimal times to trade should consider the North American trading session (3 pm – 11:00 pm GMT+3) as it records the highest trading volume and volatility.
Weekend trading gives you access to indices, cryptocurrency, forex and gold markets on a Saturday and Sunday. So, if news breaks and you see an opportunity to trade, you won't have to wait until markets open on Monday to trade.
With the current points outlined above, we believe if you have not bought your gold as an investment we would say now is a great time as any to sell your unwanted gold bracelets, necklaces and other scrap gold. With the price being at an all time high there has been no better time to cash in your gold.
Which day should we not buy gold? One should avoid buying gold on Tuesdays. According to traditional beliefs, Tuesday is associated with the planet Mars (Mangal), which is considered inauspicious for making significant purchases, including gold.
"Hold somewhere between 5%, if you are more interested in growth, and up to about 20%, if you are more risk-averse or the markets are more volatile," says Steve Wlibourn, a financial advisor at True North Advisors. Many experts say the sweet spot for gold is somewhere between 5 and 10% of your total portfolio.
Overall, the experts at The Gold Bullion Company expect gold prices to stay high in 2025. There might be small changes, but for now, investors still see gold as a safe investment.
Gold prices often rise in the fall, especially around September and October, due to increased demand during festivals and holiday seasons. Prices may also see an uptick in January. However, these trends can vary year to year based on economic factors.
According to historical data, gold has an average return of 1.6% in the month of January. December also shows strong seasonality for gold, with an average return of 1.5%. May and September are also favorable months for investing in gold, with average returns of 1.3% and 1.2%, respectively.
A gold or commodity-focused ETF or mutual fund can be the simplest way to invest in gold without the need to taking physical ownership. The price of a gold ETF, for example, is linked to the price of gold, and investors can buy and sell shares of the ETF like they can a stock.
If you go by numbers, July wins the “cheapest month” title in most years. In 2022, for example, the average price in July was about 3% lower than in November—the peak buying time. Even in 2024, the pattern held.
“Global geopolitical tensions and trade uncertainty have put the price of gold in a strong position over recent years, with many experts believing there has never been a better time to invest in the metal,” Kanda added – though he also clarified that “any investment choice isn't to be made lightly”.
How to Choose Time for Trading Gold. The most active XAU/USD trading takes place during the North American trading session (3 pm – 11:00 pm GMT+3). Slightly less activity is observed during the European session (10:00 am – 6:00 pm GMT+3).
