Step 1: Concept
A dipeptide is formed by the condensation reaction of two amino acids, which involves the removal of one water molecule ($H_{2}O$) to form a peptide bond.
Step 2: Analysis
Molecular weight of Glycine = 75.
Molecular weight of two Glycine molecules = $75 + 75 = 150$.
Step 3: Reasoning
During the formation of the Gly-Gly dipeptide, one molecule of water is lost.
Molecular weight of $H_{2}O = (2 \times 1) + 16 = 18$.
Step 4: Conclusion
Resultant weight = $150 - 18 = 132$. Note: While the text lists 250, the official key (5591) and chemical calculation confirm 132.
Final Answer: (C)