Gold futures drop to Rs 1,52,068/10g

Workers arrange gold necklaces at a PP Jewellers showroom in New Delhi, India. (Photo: Getty Image)

New Delhi, May 11 (PTI) Gold prices on Monday dropped Rs 462 to Rs 1,52,068 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 Rs 462, or 0.3 per cent, at Rs 1,52,068 per 10 grams in a business turnover of 1,337 lots.

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

Globally, gold futures declined by 0.84 per cent to USD 4,675.66 per ounce in New York.