Gold futures drop Rs 1,052 to Rs 1,60,582/10g

New Delhi, Mar 9 (PTI) Gold prices on Monday dropped Rs 1,052 to Rs 1,60,582 per 10 grams in futures trade amid a fall in spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 1,052, or 0.65 per cent, at Rs 1,60,582 per 10 grams in a business turnover of 1,729 lots.

Analysts attributed the fall in gold prices to weak global cues.

Globally, gold futures increased by 1.50 per cent to USD 5,090.94 per ounce in New York. PTI DR DR BAL BAL BAL