Gold prices witnessed a sharp decline of Rs 606, settling at Rs 95,853 per 10 grams in futures trade on Friday, amid subdued demand in the spot market.
The most actively traded gold contract for August delivery slipped by 0.63% to Rs 95,853 per 10 grams, with a trading volume of 13,693 lots on the Multi Commodity Exchange (MCX).
Analysts cited weak global cues as the primary reason behind the decline in gold prices.