Gold prices on Monday declined by Rs 1,052 to Rs 1,60,582 per 10 grams in futures trade, weighed down by weak demand in the spot market.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery slipped Rs 1,052, or 0.65 percent, to Rs 1,60,582 per 10 grams, with a business turnover of 1,729 lots.
Analysts said weak global cues and subdued spot demand pressured gold futures.