Gold prices declined by Rs 610 to Rs 1.49 lakh per 10 grams in futures trade on Tuesday as surging crude oil rates and escalating tensions in West Asia dampened the demand for the safe-haven asset and kept investors cautious.

On the Multi Commodity Exchange, the yellow metal for June delivery depreciated by Rs 610, or 0.41 per cent, to Rs 1,49,371 per 10 grams in a business turnover of 7,270 lots. Gold traded slightly lower on Tuesday as crude oil climbed towards USD 115 per barrel amid heightened geopolitical tensions particularly in the West Asia, Gaurav Garg, Research Analyst at Lemonn Markets Desk.