Commodities Gold likely to surge up to Rs 42,000 by December-end, analysts predict Updated : October 29, 2019 07:40 AM IST The spot gold prices are likely to bounce back while remaining above the critical support level of $1,458. Kotak Securities, head of commodities, Ravindra Rao said going forward gold is expected to average in a broad range of $1,460-1,530 in USD and rupee terms average between Rs 36,800-39,400 on MCX. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.