Gold prices fell by Rs 391 to Rs 94,601 per 10 grams in futures trade on Monday, pressured by muted spot demand and weak global cues.
On the Multi Commodity Exchange (MCX), gold contracts for June delivery were down 0.41% at Rs 94,601 per 10 grams, with a business turnover of 17,572 lots.
Analysts said the decline was primarily driven by subdued trends in the global market.