Gold futures ease on low demand

New Delhi: Gold futures on Friday fell by 0.2 per cent to Rs 49,806 per 10 gram as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for October delivery declined by Rs 98, or 0.2 per cent, to Rs 49,806 per 10 gram in a business turnover of 4,219 lots.

Gold was trading 0.09 per cent down at USD 1,875.30 per ounce in New York.