Gold prices on Thursday dropped ₹32 to ₹1,41,238 per 10 grams in futures trade amid a fall in spot demand.
On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by ₹32, or 0.02 per cent, at ₹1,41,238 per 10 grams in a business turnover of 1,279 lots.
Analysts attributed the fall in precious metal prices to weak global cues.
Globally, gold futures declined by 0.35 per cent to $3,985.43 per ounce in New York.