Gold futures ease on low demand

New Delhi: Gold futures fell 0.19 per cent to Rs 50,740 per 10 gram on Monday as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for December delivery declined by Rs 99, or 0.19 per cent, to Rs 50,740 per 10 gram in a business turnover of 13,747 lots.

The yellow metal for February delivery declined Rs 21, or 0.04 per cent, to Rs 50,905 per 10 gram in 1,876 lots.

In the international market, gold was trading 0.26 per cent lower at USD 1,900.30 per ounce in New York.