Gold futures ease on weak demand

Gold futures on Tuesday fell 0.19 per cent to Rs 49,055 per 10 gram as participants offloaded their holdings on weak spot demand.
On the Multi Commodity Exchange, gold prices for August delivery fell by Rs 93, or 0.19 per cent, to Rs 49,055 per 10 gram in a business turnover of 9,356 lots.

The yellow metal for October delivery declined by Rs 66, or 0.13 per cent, to Rs 49,205 per 10 gram in 10,351 lots.

Gold was trading 0.58 per cent down at USD 1,803.50 per ounce in New York
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