New Delhi, Oct. 7 -- Gold's breakneck rally is showing no signs of abating, driving the precious metal higher by 51% so far in 2025. Central bank buying, increased demand from gold-backed ETFs, a weaker dollar and growing interest from retail investors amid rising trade and geopolitical risks have been behind the bull run in gold prices.

With the gold prices scaling fresh highs every day, global brokerage Goldman Sachs expects the yellow metal to rise to $4900 by the end of December next year, a rise of over 23% from current levels.

On Tuesday, spot gold hit a new peak of $3,977.19 in the international market.

According to a Bloomberg report, Goldman Sachs expects central bank buying to average 80 metric tons in 2025 and 70 tons in 202...