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Tracking a weak global trend, gold prices eased by 0.18% to Rs 27,341 per 10 grams in futures market today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in far-month April fell by Rs 50, or 0.18%, to Rs 27,341 per 10 grams in a business turnover of one lot.
Similarly, the yellow metal for delivery in February lost Rs 38, or 0.14%, to Rs 27,220 per 10 grams in 108 lots.
Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market as gains in the US economy boosted speculation that the Federal Reserve will raise interest rates soon, eroding the appeal of the precious metal.
Meanwhile, gold in Singapore dropped 0.48% to $1,221.50 an ounce.
