Unfortunately gold's real world utility has been decreasing in the industrial world, which is where it derrives a great majority of its value.  It's value now really only hingest on jewelry and its 'traditional' use.  India is probably one of its biggest markets.  I don't really foresee any great sustained bullish sentiment for the foreseeable future, unless the feds announce something catastrophic (qe3 did not do much if anything to help the prices).