New Delhi, March 16: Gold futures saw a decline at the start of the week, falling by Rs 2,225 to Rs 1.56 lakh per 10 grams in Monday's trading session. The drop was primarily driven by negative sentiment in international markets and the strengthening of the US dollar.

On the Multi Commodity Exchange (MCX), April delivery gold futures fell by Rs 2,225, or 1.4%, to Rs 1,56,241 per 10 grams, with a trading volume of 7,881 lots.

"The decline in gold prices in the domestic market can be attributed to the rising prices of crude oil, which have surpassed USD 100 per barrel. This surge has triggered inflation concerns and dampened expectations of a potential interest rate cut by the US Federal Reserve," said a Research Analyst at Lemonn Markets Desk.