Gold Prices Dip Amid Profit Booking Pre-Diwali

Gold prices have seen a slight decline today due to profit booking at higher levels ahead of Diwali. Here are the key points:

• MCX Gold for December 5 expiry traded 0.16% lower at ₹79,612 per 10 grams.
• Spot gold prices hit a record high of $2,790.15 in international markets.
• Geopolitical tensions and US election jitters are keeping gold prices elevated.
• US GDP grew at a 2.8% annualized rate last quarter, driven by strong consumer spending.
• India's gold imports surged 21.78% to $27 billion in the first two quarters of FY 2024-25.

Source: Mint, Mint, Mint