2025 is turning into the year of gold.

Prices of the yellow metal are galloping towards historic highs and at such blistering speeds that none imagined.

On Thursday, the spot price crossed a record high of $4,320 per ounce -- the highest weekly gain since 2008 -- and continued its march on Friday to settle at $4,365 per ounce. As for the domestic market, 24K gold was retailing at an all-time high of Rs 1.33 lakh per 10 grams.

So far in 2025, the precious metal has gained over 60% and nearly 100% since the current rally began in early 2024. The speed of the upswing is much faster than forecasts and as the bullion bonanza continues to reach what could be the third-straight year of double-digit gains for gold, analysts are pegging gold to breach $5,000 per ounce in 2026.

Prices are surgin

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