India, June 12 -- Extending losses for the fifth consecutive session, gold prices fell Rs 277 to Rs 1.47 lakh per 10 grams in futures trade on Thursday, tracking losses in the international markets as investors grappled with persistent geopolitical tensions in West Asia and its impact on inflation and interest rates.

On the Multi Commodity Exchange, the yellow metal for August delivery decreased by Rs 277, or 0.19 per cent, to Rs 1,47,740 per 10 grams.

Analysts said precious metals remained under pressure as elevated energy prices and higher US economic data reignited expectations that interest rates could stay higher for longer.

"Gold prices slipped in the domestic markets on Thursday amid escalating tensions between the US and Iran, ...