Gold futures ease on low spot demand

New Delhi, Jul 15 () Gold futures on Wednesday fell 0.04 per cent to Rs 49,237 per 10 gram as participants offloaded their holdings on low spot demand.

On the Multi Commodity Exchange, gold prices for August delivery fell by Rs 22, or 0.04 per cent, to Rs 49,237 per 10 gram in a business turnover of 9,352 lots.

However, the yellow metal for October delivery rose by Rs 9, or 0.02 per cent, to Rs 49,409 per 10 gram in 10,666 lots.

Gold was trading 0.01 per cent up at USD 1,813.50 per ounce in New York. SHW RUJ RUJ