Gold futures ease on low demand

New Delhi: Gold futures on Wednesday fell by 0.76 per cent to Rs 50,140 per 10 gram as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for December delivery declined by Rs 386, or 0.76 per cent, to Rs 50,140 per 10 gram in a business turnover of 15,129 lots.

The yellow metal for February delivery eased by Rs 530, or 1.04 per cent, to Rs 50,319 per 10 gram in 729 lots.

Gold was trading 0.68 per cent down at USD 1,895.90 per ounce in New York.