Gold Prices Dip Amid Profit-Booking

Gold prices dipped to ₹1,44,000 for 24-karat gold and ₹1,08,000 for 18-karat gold per 10 grams on Tuesday morning, marking a decline from Monday's levels. This pullback comes despite the broader uptrend in bullion remaining intact.

The softness in prices is attributed to routine profit-booking rather than any fundamental shift in sentiment. Global spot gold also eased slightly in early Asian trade on Tuesday, tracking a modestly firmer dollar index.

Market participants are keeping an eye on the US Federal Reserve's stance heading into its September meeting, which could impact gold prices in the near term. The central bank's hawkish undertone has kept traders cautious about the pace of further policy easing.