India, April 3 -- Gold prices plunged INR 6,004 to INR 1.47 lakh per 10 grams in futures trade on Thursday amid intensified geopolitical tensions in West Asia that boosted the US dollar and dampened the investors' sentiment.

Snapping a four-day winning streak, the yellow metal for the June delivery plunged INR 6,004, or 3.91 per cent, to INR 1,47,704 per 10 grams on the Multi Commodity Exchange.

Analysts said precious metal prices declined as the US dollar rebounded following remarks by President Donald Trump indicating a potential escalation in the ongoing conflict with Iran.

Gold prices declined on Thursday, ending a four-day gain, as the US dollar rebounded after President Donald Trump warned that the military campaign in Iran could...