Gold Outlook, Oct. 20 -- Gold remains a preferred investment and festive purchase for Indian households, with demand typically picking up during Dussehra, Diwali and the wedding season. However, elevated prices are changing buying patterns, prompting some families to opt for lighter jewellery while others are turning to coins, bars and gold exchange-traded funds (ETFs).

With the yellow metal having corrected from its record highs, buyers are assessing whether the dip offers an opportunity to purchase gold or whether prices could face further pressure.

Gold prices edged higher on Tuesday, supported by a softer US dollar, as investors looked ahead to the US Federal Reserve's October 27-28 policy meeting for clues on the future path of int...