New Delhi: Gold futures on Friday fell by 0.09 per cent to Rs 50,665 per 10 gram as participants offloaded their holdings on low spot demand.


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On the Multi Commodity Exchange, gold prices for December delivery declined by Rs 47, or 0.09 per cent, to Rs 50,665 per 10 gram in a business turnover of 14,585 lots. Meanwhile, Silver delivery rose 0.56 percent to Rs 61,877 gram in a business turnover of 15,623 lots.


However, gold was trading 0.10 per cent up at USD 1,910.90 per ounce in New York.


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Gold steadied on Friday as the dollar eased but was still set for its first weekly loss in three as doubts over a U.S. stimulus agreement before next month`s presidential election dented demand for the metal as an inflation hedge, a Reuters report said.


Spot gold was up 0.1% at $1,909.53 per ounce by 0920 GMT but down more than 1% so far this week. U.S. gold futures edged 0.1% lower to $1,907.50, Reuters added.