New Delhi, Aug. 8 -- Globally, gold prices edged up marginally 0.3 per cent in July at USD 3,299, when a stronger US dollar contributed to positive returns in all major currencies, according to World Gold Council.

So far in 2025, gold prices have jumped 26 per cent.

The firmness in gold prices was backed by positive contribution from a global rise in inflation expectations and tariff tensions, asserted the World Gold Council report.

The uncertainties surrounding President Trump's reciprocal tariffs plan and counter-tariffs also came as a shot in the arm to international gold prices.

"Momentum factors also contributed positively, while a stronger US dollar proved a heavy drag on returns in July," the report read.

In the month of July,...