Tracking a weak global trend, gold prices eased by 0.10 per cent to Rs 27,950 per 10 grams in futures market today as speculators offloaded their positions.

At the Multi Commodity Exchange, gold for delivery in February fell by Rs 27, or 0.10 per cent, to Rs 27,950 per 10 grams in a business turnover of 188 lots.

Similarly, the yellow metal for delivery in far-month April lost Rs 20, or 0.07 per cent, to Rs 28,080 per 10 grams in 20 lots.

Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market where gold traded below a five-month high as holdings in the SPDR Gold Trust contracted before a European Central Bank meeting.

Meanwhile, gold in Singapore dropped 0.01 per cent to USD 1,292.80 an ounce.