When attempting to sell your gold online or in-store, it is important to pay attention to fluctuations in prices. Gold has a generally rising trend; however, there is such a thing as gold seasonality that is important to pay attention to.

When Are Gold Prices Expected to Rise?

Generally speaking, gold prices tend to rise in December through January and again in the spring. The increase in the demand for gold could be attributed to the holiday season. Since 2000, January has consistently seen the highest prices of gold.

Why Do Prices Rise?

It is difficult to pinpoint the exact reason behind these changes, though there are several hypotheses. One is that in January, investors review their portfolios and decide to purchase more gold, increasing the price.

When Are Gold Prices Expected to Drop?

As previously mentioned, gold has a general upward trend, though there are times where gold’s seasonality causes prices to dip. Generally speaking, the best time to buy gold is in March. Since 2000, March has seen the biggest decreases in prices.

What Country Is the Biggest Consumer of Gold?

Currently, China is the biggest consumer of gold. Gold tends to peak during the Chinese New Year (which in 2022 starts on February 1st) because it symbolizes prosperity and wealth. When attempting to find the best time to sell and buy gold take into general account the demand in China, which has the largest impact on price.

Selling Your Gold

At GoldFellow, we offer consistently fair gold prices throughout the year. We offer insured mailing services so you can safely ship your items. When received, we evaluate your items under video surveillance for your review. If you are not satisfied with our prices, we ship back your items at our own cost!

Contact us today to learn more about our gold buying services and prices.