The best time to buy gold

The best time to buy gold is holidays, one month after the price of gold falls, and the third quarter of a year.

Usually during festivals, gold shops will launch corresponding promotional activities. In this case, the price of gold commodities will also drop accordingly. If you choose to buy gold at this time of year, you can usually save quite a lot of money.

Secondly, the month after the price of gold falls is also suitable for buying gold. This month's waiting is actually to avoid the lag period of gold price adjustment. Usually, it takes a month for the gold shop to hear the news that the price of gold has fallen. In this case, we don't have to worry about buying expensive ones.

In addition, according to industry insiders, the third quarter of each year is often the off-season for selling gold. In the off-season, gold prices tend to be relatively cheap. If we choose to buy at this time, we will be able to get the gold jewelry we want at a relatively low price.

Matters needing attention in buying gold

1. Reputation and qualification: choose reputable and qualified merchants or gold shops to buy gold. You can check the evaluation and reputation of the merchants to ensure their credibility.

2. Purity certification: merchants are required to provide gold quality certificates or appraisal reports. These documents should be certified by authoritative organizations or recognized laboratories to prove the purity and quality of gold.

3. Weight confirmation: ensure that the merchants accurately measure the weight of gold when purchasing, and provide relevant weight evidence, such as weighing documents.

4. Price comparison: compare the prices and quotations of different businesses to understand the market conditions and price trends. At the same time, we should pay attention to the price difference in the market, avoid the premium being too high or lower than the market price, and ensure fair trade.

5. Purchase channels: choose formal channels to buy gold, such as formal gold shops, jewelry stores and securities companies. Avoid buying in street markets or illegal ways to avoid encountering fake and shoddy products or being cheated.