Try to know the growth chart of it over last one or two years. If you can clearly understand the trend, you will know how much it may rise in near future. So, then it is easy when to buy gold and when to sell.
The easiest way to gain exposure to the gold market is to buy shares in an exchange-traded ETF like the SPDR Gold Trust (NYSE: GLD). This fund replicates the price movement of gold bullion, which is up 23% last year
The things to a person should know before investment is the market trends, its highs ,lows ,surface areas and support areas, these should be monitored on a daily basis at leas to predict the future movement of Gold prices.