Indian Gold Prices Slide to ₹1,44,000 Amid Profit-Booking

Gold prices dipped to ₹1,44,000 per 10 grams for 24 karat gold on Tuesday morning in India, marking a decline of ₹220 from Monday's levels. This comes even as the broader uptrend in bullion remains intact, with traders attributing the softness to routine profit-booking rather than any fundamental shift in sentiment.

The global spot gold also eased slightly in early Asian trade on Tuesday, tracking a modestly firmer dollar index. However, safe-haven appetite has stayed elevated in recent weeks, with investors continuing to monitor the fragile Iran-US détente and its implications for the region.

Market participants are looking towards the US Federal Reserve's stance heading into its September meeting as a key swing factor for gold in the near term. The central bank's hawkish undertone has kept traders cautious about the pace of further policy easing, with any fresh signs of inflation pressure from elevated oil prices adding to that caution.