Gold prices (in dollars) are down 20 per cent in 2013. Spot gold is currently trading at $1,391.30 an ounce. In India, gold futures for May delivery dipped below Rs 26,000 per 10 gram mark earlier this week. Global investment bank Credit Suisse says "the sell-off could have further to run." If we were to pick an "ideal" ultimate target for the sell-off though, it would be $1085 (or Rs 21,000 per 10 gram with 6% duty), Credit Suisse says.