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Tracking a weak global trend, gold prices eased 0.47 per cent to Rs 26,509 per 10 grams in futures market today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in far-month February fell Rs 125 or 0.47 per cent to Rs 25,509 per 10 grams in a business turnover of 265 lots.
Similarly, the yellow metal for delivery in December lost Rs 117 or 0.45 per cent to Rs 26,130 per 10 grams in 529 lots.
Market analysts said the fall in gold futures was mostly due to a weak trend in the global market as crude oil price fall to the lowest level in four years increased the prospects for a cooling of consumer prices, reducing the demand for an inflation hedge.
Meanwhile, gold prices in Singapore dropped 0.9 per cent to $1,181.84 an ounce, the lowest since November 20.
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