Gold sees modest losses after impressive spurt in recent weeks
Mumbai, Aug. 25 -- COMEX Gold futures paused around three-month high as US dollar edged up marginally. Gold has been in excellent form in last few weeks. Safe-haven demand strengthened amid volatility across currency and bond markets, while rising oil prices added to inflation concerns. Gold's rally accelerated after the US Treasury announced plans to at least double long-term debt buybacks. The US dollar index tanked under 99 mark to test lowest in three months, boosting dollar-denominated gold. Gold has zoomed around 14% in this month so far. India's Gold demand is picking up after recent price correction. India's Gold imports came in at Rs 39893 crore in value terms in July 2026, gaining around 16.60% compared to July 2025. Silver import...
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