Gold prices on Monday dropped ₹462 to ₹1,52,068 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 ₹462, or 0.3 per cent, at ₹1,52,068 per 10 grams in a business turnover of 1,337 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures declined by 0.84 per cent to $4,675.66 per ounce in New York.