Bullion futures decline around 2%

Gold prices dropped more than 1 per cent to Rs 1.52 lakh per 10 grams in the futures trade, due to easing safe-haven demand amid improving geopolitical sentiment and a strong US dollar.

The yellow metal for April delivery depreciated by Rs 2,228, or 1.44 per cent, to Rs 1,52,532 per 10 grams in a business turnover of 7,553 lots.

Silver prices declined more than 2 per cent to Rs 2.33 lakh per kilogram in the futures trade on Tuesday, tracking weak global trends and low liquidity amid market holidays across major Asian economies.

On the Multi Commodity Exchange, the white metal for March delivery plunged Rs 6,330, or 2.64 per cent, to Rs 2,33,561 per kilogram in a business turnover of 5,820 lots.