If you are planning to Sell Your Gold you may be interested that gold traders are getting more bullish on gold prices due, in part, to the ongoing European debt crisis. Gold prices have surged 15 percent this year and are on track for the 11th consecutive annual gain, as investors seek to invest their money in the yellow metal. Gold prices jumped to a record $1,921.15 per ounce in September, after a strong decline in the global equity markets. The demand for gold recorded a huge rise in Asian countries like India and China. The Indian demand for gold coins, jewelry and bars is at 1,035 tons, while the Chinese demand is at 714 tons, the World Gold Council said. A major investment bank, Morgan Stanley, lifted its average target price for gold for the current year and the next five years. Morgan Stanley projects gold prices to average $1,511 per ounce this year. The bank expects gold prices to surge to $1,624 per ounce in 2012, $1,550 per ounce in 2013, $1,450 per ounce in 2014, $1,300 per ounce in 2015 and $1,150 per ounce in 2016. Analysts at BNP Paribas also raised their gold price target for 2012 from $2,080 to $1,950 per ounce. Goldman Sachs expects gold prices to surge to $1,690 an ounce in 2012.

Tips To Sell Gold

Selling gold at the right time is a very imporant factor to attain good returns from your investment. Gold traders buy the yellow metal to achieve good returns and use it as a hedge against future mishappenings. Here are some tips that will help you sell gold and achieve returns:

• There are different purity levels and forms of gold. Gold bullion coins can be sold in jewelry stores and coin shops. People considering holding gold in its physical form buy gold coins. Those who wish to hold gold in large quantities purchase gold traded shares. You can also sell scrap gold, including gold plating and broken jewelry to gold dealers. Gold purity is measured in forms of karat. Karat may range from 10k, 12k, 14k, to 24k. Higher the karat number, greater is the purity of gold. The purest form of gold is considered to be 24 karat.
• The price of gold is stated as USD per ounce. The gold price changes daily, but gold traders set their buying price in advance. It is advisable not to keep on waiting for gold price to rise in order to get more profit. You should set a price target for selling the gold.
• You should sell gold bullion coins to specialized gold dealers providing you the fastest payout. These dealers also buy gold scrap considering the condition of the items.
• Buy a gold tester to know the correct value of your gold in advance. Doing this will help you sell gold at the best possible price.
• Keep a regular track of gold prices in the market. You can also gain some knowledge of gold prices by reading books and papers. Doing this will help you sell gold at the right time by analyzing the market conditions.

How To Find Legitimate Gold Dealer?

In order to receive good value for your gold, you should sell gold to a legitimate and established gold dealer:

• Use the US Mint Dealer site to find a gold dealer. These dealers will buy as well as sell gold.
• You can find legitimate gold dealers by going through the American Numismatic Association Listing. These dealers also buy collectible coins.
• You can find a legitimate dealer in your area by checking with the Better Business Bureau to sell your gold.