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Gold futures ease on low demand

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Gold futures on Thursday fell 0.62 per cent to Rs 50,011 per 10 gram as contributors offloaded their holdings on low spot demand.

On the Multi Commodity Exchange, gold costs for December supply declined Rs 314, or 0.62 per cent, to Rs 50,011 per 10 gram in a enterprise turnover of seven,335 heaps.

Gold was buying and selling 0.73 per cent down at USD 1,860.30 per ounce in New York.

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