Gold Futures Drop To ₹1,51,950/10g

Gold prices on Thursday dropped ₹707 to ₹1,51,950 per 10 grams in futures trade amid a fall in spot demand.

On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by ₹707, or 0.46%, at ₹1,51,950 per 10 grams in a business turnover of 564 lots.

Analysts attributed the fall in gold prices to weak global cues.

Globally, gold futures declined by 0.83% to $4,700.79 per ounce in New York.