Gold futures ease on low demand

New Delhi: Gold futures on Tuesday fell by 0.27 per cent to Rs 50,334 per 10 gram as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for October delivery declined by Rs 137, or 0.27 per cent, to Rs 50,334 per 10 gram in a business turnover of 7,943 lots.

The yellow metal for December delivery eased by Rs 185, or 0.37 per cent, to Rs 50,455 per 10 gram in 10,051 lots.

Gold was trading 0.26 per cent down at USD 1,905.70 per ounce in New York.