Gold Price in India Remains Steady Amid Weaker Dollar
The gold price in India remained steady on August 3 as investors tracked fresh gains in international bullion following a weaker US dollar and easing US Treasury yields.
The precious metal attracted renewed safe-haven demand after diplomatic developments in the Middle East pushed crude oil prices lower, easing inflation concerns while supporting bullion prices.
Investors are also watching upcoming US economic data, particularly employment numbers, for fresh clues on the Federal Reserve's interest-rate outlook.