Overview

• Gold prices hit an all-time high of $3,115 per ounce on March 31, 2025, supported by increasing demand for safe-haven assets.
• The yellow metal has risen 18% in 2025, driven by central bank acquisitions and strong retail investor interest.
• Major financial institutions, including Goldman Sachs, have raised their year-end gold price forecasts, with some projecting levels as high as $3,300.
• Geopolitical tensions and the U.S. reciprocal tariff deadline have heightened economic uncertainty, further boosting gold's appeal.
• India's gold market remains robust, with significant inflows into ETFs and the Reserve Bank of India adding 72.6 tonnes to its reserves in 2024.