Monsoon Could Push Gold Price Higher As Rural Demand Picks Up. Where Is Gold Headed?

Wondering where gold prices are headed? In the past many weeks, gold prices have been stuck in a narrow range. In the international market, gold prices have been in the range of $1,290 to $1,350 per ounce since April. Domestic gold prices have also displayed a similar trend. Gold prices in Delhi have been around Rs 32,000 per 10 grams (24 carat) during this period. Are gold prices expected to break the current trend anytime soon? NDTV here brings to you what experts think about the current trend in gold prices. (Also read: Physical Gold, Gold ETFs Or Gold Bonds: Where To Invest Your Money?)

Here are five factors affecting the current gold price: