The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ounce and up 26.39% since the beginning of the year.

Here are three smart moves to consider while gold prices are on the decline:

In India, the price of 24-carat gold was quoted at ₹74,620 per 10 grams on November 14, while 22-carat gold stood at ₹68,402 per 10 grams.

The price of gold traded at $2,635.65 per troy ounce, as of 9 a.m. ET. That’s down 2.29% from yesterday’s gold price per ounce and up 27.55% since the beginning of the year. The lowest trading price within the last 24 hours: $2,617.82 per ounce. The highest gold spot price in the last 24 hours: $2,703.98 per ounce.

A cooling gold price could cause investors to readjust their strategy but dramatic adjustments may not be needed if investors remember the following three items: