Gold futures ease on low demand

New Delhi: Gold futures on Wednesday fell by 0.59 per cent to Rs 50,380 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 301, or 0.59 per cent, to Rs 50,380 per 10 gram in a business turnover of 70 lots.

The yellow metal for December delivery eased by Rs 352, or 0.69 per cent, to Rs 50,300 per 10 gram in 15,194 lots.

Gold was trading 0.60 per cent down at USD 1,891.80 per ounce in New York.