India's gold futures eased on Wednesday following losses in overseas markets, and demand in the domestic spot market remained muted as farmers were busy with sowing operations, dealers said.
* At 3:24 pm, the most-active gold for August delivery on the Multi Commodity Exchange (MCX) was down 0.16% to Rs 22,313 per 10 grams.
* "Farmers are busy in sowing operations. Demand is negligible from rural India. Wedding season demand has also vanished," said a Mumbai-based dealer with a state-run bank dealing in bullion.
* International gold slipped on Wednesday as a stronger dollar prompted a flurry of sales, but investor buying sparked by sovereign debt concerns and inflationary pressures.
* Jewellers across Asia rushed to replenish stocks after a recent drop in gold prices, but main consumer India showed little interest as farmers turned their attention to their crop during the monsoon season, dealers said on Tuesday.
* The rupee, which has a bearing on the landed cost of dollar-quoted gold, was steady on Wednesday.
