Gold futures on the MCX dipped close to 1 per cent in the last two days from a record high in the previous session due to profit booking. The sudden dip in gold prices is mostly because of the easing of geopolitical tensions and the strengthening of the dollar. 

While things between the United States and the European Union have been easing out since Wednesday after US President Donald Trump softened his tone on the acquisition of Greenland, the prices of the yellow metal on Friday were recorded at Rs 1,56,750 for 10 grams.