Goldman Sachs has raised its gold price forecast to $3,700 per ounce by the end of 2025, with an extreme case prediction of $4,500. The Reserve Bank of India has been aggressively buying gold, tripling its holdings over the past year. Finance Minister Nirmala Sitharaman confirmed that the central bank is accumulating gold to maintain a balanced reserve portfolio. Gold prices in India have surged 27% in the first four months of 2025, crossing the one lakh mark on 22nd April.
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