If you want to reap maximum benefits by selling the gold you own then wait for the right time to sell it. People usually take decisions in haste in such matters and are treated with disappointment when they see a rise in price of gold after they have sold it. The trading of gold is carried out by the day traders to a great extent, thus the traders commitment to sell or buy gold and the market sentiments play a role in the rise or fall of gold price.

The exchange rate of the US dollar plays a significant role in the fluctuation of gold price. A weaker US dollar will indicate that the price of gold will rise. The US currency is used by traders to trade gold and thus you should keep a check on the exchange rates of the US currency when you wish to sell off gold.