Gold futures ease on low demand

On the Multi Commodity Exchange, gold prices for February delivery declined Rs 214, or 0.42 per cent, to Rs 50,202 per 10 gram in a business turnover of 11,011 lots.

New Delhi: Gold futures fell 0.42 per cent to Rs 50,202 per 10 gram on Tuesday as participants offloaded their holdings on low spot demand.

On the Multi Commodity Exchange, gold prices for February delivery declined Rs 214, or 0.42 per cent, to Rs 50,202 per 10 gram in a business turnover of 11,011 lots.

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In the international market, gold was trading 0.34 per cent lower at USD 1,876.40 per ounce in New York.