NEW DELHI: Gold prices on Thursday declined by Rs 1,207 to Rs 1,38,509 per 10 grams in futures trade amid weak spot demand.
On the Multi Commodity Exchange, yellow metal contracts for December delivery traded lower by Rs 1,207, or 0.86 per cent, at Rs 1,38,509 per 10 grams in a business turnover of 16,628 lots.
Analysts attributed the decline in precious metal prices to weaker spot demand.
Globally, gold futures declined by 0.77 per cent to USD 3,969.77 per ounce in New York.
