India, June 20 -- Gold futures slumped Rs 3,392 to Rs 1.45 lakh per 10 grams on Friday, tracking weak global trends amid uncertainty over the implementation of a US-Iran peace agreement, which eroded demand for the precious metals.

On the Multi Commodity Exchange, the yellow metal for August delivery extended their losses for the second straight session, declining Rs 3,392, or 2.27 per cent, to Rs 1,45,917 per 10 grams in a business turnover of 9,099 lots. Analysts said the initial optimism over the US-Iran peace agreement faded after high-level talks scheduled in Switzerland were called off, raising doubts over the implementation of measures aimed at ending hostilities and restoring oil flows through the Strait of Hormuz.

Switzerland's...