India, May 27 -- Gold prices retreated by Rs 1,107 to Rs 1.57 lakh per 10 grams in futures trade on Tuesday as renewed US military strikes against Iran triggered volatility, strengthened the US dollar and prompted traders to book profits.

On the Multi-Commodity Exchange, the yellow metal for June delivery rose by Rs 1,107, or 0.7 per cent, to Rs 1,57,974 per 10 grams in a business turnover of 4,725 lots.

Similarly, the August contract for gold also traded lower, declining by Rs 1,061, or 0.65 per cent, to Rs 1,61,320 per 10 grams in 4,810 lots on the MCX.

Analysts said the gold prices remained volatile as investors reacted to escalating tensions in West Asia and fluctuating crude oil prices.

"Gold prices experienced some volatility in...