Mumbai: Gold prices eased slightly on Tuesday after reaching a record high in the previous session, as investors took profits amid a reduction in safe-haven demand.

Spot gold dipped 0.3% to $4,340.99 per ounce, following Monday's peak of $4,381.21. U.S. gold futures for December delivery were flat at $4,357.80 per ounce.

Analysts attribute the pullback to profit-taking and a decrease in demand for gold as a safe-haven asset. Tim Waterer, Chief Market Analyst at KCM Trade, noted that "any pullbacks on gold will be viewed as buying opportunities whilst the Fed remains on their current rate-cutting trajectory."

Markets are anticipating a quarter-point interest rate cut by the U.S. Federal Reserve this month, with another expected in December. Gold, which does not yield interest, typicall

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