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).
When the FED needs to do QE4 and it's clear they cannot raise rates or unwind their balance sheet without poping bubbles, gold should appreciate in price against the Dollar. It has been used for thousands of years and has excellent properties much needed in a lot of industries.