Gold prices declined on Friday, falling Rs 462 to Rs 1.51 lakh per 10 grams in futures trade, tracking weak global cues amid a stronger US dollar and rising crude oil prices.
On the Multi Commodity Exchange, gold contracts for June delivery dropped Rs 462, or 0.3%, to Rs 1,51,299 per 10 grams, with a business turnover of 8,310 lots.
Analysts attributed the decline to pressure from a firm US dollar, elevated energy prices, and persistent inflation concerns, which weighed on bullion demand.