Seasonal demand impact on gold buying
Hi everyone. I have been wondering why gold prices sometimes stay high even when international prices seem to dip. I noticed this especially during certain months when many people around me are buying jewelry. Shops feel busier, and prices do not come down as much as I expect. At first I assumed sellers were just holding prices, but maybe demand plays a bigger role. I am trying to plan my purchase and avoid overpaying if possible. Does anyone know how seasonal demand fits into this picture?
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Hello, seasonal demand actually explains a lot of what you are seeing. I read https://unfoldedstars.in/how-bangladesh-jewellers-association-move-gold-market/ and it clearly outlines how buying patterns change during weddings and festivals. During these periods, demand stays strong, so prices tend to remain firm even if global rates soften. The article also mentions that during quieter months, price drops follow international movements more closely. After learning this, I stopped expecting big drops during peak seasons. It helped me plan purchases more realistically.