Gold futures ease on low demand

New Delhi: Gold futures on Monday fell by 0.71 per cent to Rs 50,110 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 360, or 0.71 per cent, to Rs 50,110 per 10 gram in a business turnover of 67 lots.

The yellow metal for December delivery eased by Rs 425, or 0.84 per cent, to Rs 50,145 per 10 gram in 15,521 lots.

Gold was trading 0.52 per cent down at USD 1,897.70 per ounce in New York.