Gold futures ease on low demand

Gold futures on Friday fell by 0.13 per cent to Rs 49,015 per 10 gram as participants offloaded their holdings on low spot demand.

On the Multi Commodity Exchange, gold prices for February delivery declined by Rs 62, or 0.13 per cent, to Rs 49,015 per 10 gram in a business turnover of 11,849 lots.

Gold was trading 0.01 per cent down at USD 1,837.20 per ounce in New York.