Gold prices tumbled by Rs 1,075 to Rs 96,012 per 10 grams in futures trading on Friday, pressured by subdued spot demand and bearish global sentiment.
On the Multi Commodity Exchange (MCX), August gold futures were down by Rs 1,075 or 1.11%, trading at Rs 96,012 per 10 grams with a turnover of 14,412 lots.
According to analysts, the sharp decline in prices was primarily driven by weak cues from international markets, dampening investor interest in the yellow metal.