Gold prices on Friday dropped Rs 1,363 to Rs 1,52,071 per 10 grams in futures trade amid a fall in spot demand.
On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 1,363, or 0.89 per cent, at Rs 1,52,071 per 10 grams in a business turnover of 2,219 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures declined by 0.48 per cent to USD 4,743.99 per ounce in New York.
