Gold prices declined by Rs 1,452 to Rs 97,936 per 10 grams in futures trade on Tuesday, weighed down by subdued demand in the spot market.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery dropped by 1.46% to Rs 97,936, with a turnover of 14,145 lots.
Analysts said the decline was primarily driven by weak global cues, which dampened investor sentiment.