US central bank monetary policy statement, due out on 29 April, will be the biggest driver for gold prices next week.
Waste that could have been recovered and recycled was worth $52bn, including 300 tonnes of gold.
For gold to gain any strong momentum, prices have to break above resistance between $1,221 and $1,225 an ounce.
India's gold imports more than doubled to 125 tonnes in March, from 60 tonnes in the same period a year ago.
RBS's India diamond and jewellery financing loan book stands at about £491m.
Weak US data to fuel speculation that US Fed will wait until September to hike rates, boosting gold's safe-haven status.
Tensions in the Middle East and negotiations in Greece could help boost the metal's safe-haven status.
Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia and SocGen to contribute to the new LBMA Gold Price benchmark.
The Federal Reserve's looming policy statement may provide hints as to when the US will raise interest rates this year.
Each gold edition of Apple Watch expected to contain two ounces of precious metal.
Gold prices could test the November 2014 lows next week if there is no physical demand.
Traders will be tracking Bank of England European Central Bank and Bank of Canada monetary policy meetings.
Planned scheme aims to turn 20,000 tonnes of unproductive gold owned by Indian households into cash.
US Fed Reserve Chair Janet Yellen's testimony to Congress could drive US dollar higher, denting demand for gold.
Gold prices hinge on dollar and negotiations over Greece financial situation.