Gold prices fell by Rs 238 to Rs 98,341 per 10 grams in Thursday’s futures trade, weighed down by subdued demand in the spot market.

On the Multi Commodity Exchange (MCX), gold contracts for August delivery declined Rs 238, or 0.24%, to Rs 98,341 per 10 grams, with a business turnover of 17,188 lots.

Analysts said the drop in prices was primarily due to weak cues from global markets.