Is there a right time to buy gold? Perhaps not, as the price of gold has steadily increased over long period of time. However, a little knowledge of what drives small variations in gold prices can help you make marginally better profits, when investing in gold.

If you are buying gold coins, the objective in all likelihood is an investment. Gold is a good bet to retain the value of your assets, and also assures you of steady growth. If it is a short-term investment you are looking for, then you must be on the lookout for times when the gold prices are low. If it is a long-term investment you have in mind, then any time is a good time.

A strong and robust economy traditionally brings down the price of gold. Investing in gold coins in this environment is a wise move. At the first signs of weakening of the economy, gold prices will skyrocket. This will help you to make a tidy profit on your investment.

Stock market fluctuations also have an impact on gold coin prices. When the stock value falls, investors hurry to put their money into gold to protect their assets. This increased demand causes an increase in the price of gold. Therefore, another indicator of a good time to invest in gold coins is a stock market that is in the pink of health. Simply buy gold coins and wait for falls in the market.

As with any other product, the price of gold also depends on its availability with respect to the demand for this precious metal. Worldwide, the demand for gold as a form of investment is on the rise. To keep up with this demand, companies must search for and find new mines. On occasions, when the supply is not able to keep up with the demand, the prices go up. So buy gold coins when the prices are steady, and wait for sudden hikes to sell.

In India, festivals are the excellent occasions to get good deals on gold coins. Most of them believe that buying gold on Akshaya Tritiya and Dhanteras is auspicious. Therefore, jewelry shops try to attract customers by introducing various schemes such as no making charges, free assured gifts for every purchase, free silver coins or gold coins on every purchase and try to cash the sentiment of the people. Making and wastage charges are often waived. Further, festive discounts are offered. In fact, there are plenty schemes to woo the customer. Therefore, Festivals present an opportunity to buy gold coins at lower prices than usual.

But even without any of the above circumstances, there is no best time to invest in gold. Globally, with currencies weakening, the popularity of gold is increasing. Many countries are also considering backing their currency with gold. All this predicts a steady increase in gold prices in the future.

So the simple answer to ‘the best time to buy gold coins is, RIGHT NOW. Price of the gold coins keeps increasing over the period of time.

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