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Gold futures ease on low demand

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Gold futures on Wednesday fell by 0.31 per cent to Rs 50,344 per 10 gram as members offloaded their holdings on low spot demand.

On the Multi Commodity Exchange, gold costs for December supply declined by Rs 157, or 0.31 per cent, to Rs 50,344 per 10 gram in a enterprise turnover of 10,587 tons.

Gold was buying and selling 0.16 per cent down at USD 1,873.40 per ounce in New York.

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