Gold futures ease on low demand

New Delhi: Gold futures on Thursday fell 0.78 per cent to Rs 51,420 per 10 gram as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for the October delivery declined by Rs 404, or 0.78 per cent, to Rs 51,420 per 10 gram in a business turnover of 10,142 lots.

The yellow metal for the December delivery eased by Rs 393, or 0.76 per cent, to Rs 51,595 per 10 gram in 8,192 lots.

Gold was trading 1.09 per cent down at USD 1,949.10 per ounce in New York.