Gold prices declined by Rs 308 to Rs 97,645 per 10 grams in futures trading on Tuesday, weighed down by subdued spot demand and weak global cues.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery were trading lower by Rs 308 or 0.31% at Rs 97,645 per 10 grams, with a business volume of 15,987 lots.
According to analysts, the decline in gold prices was primarily driven by weak trends in international markets.