Amid a weakening trend overseas, gold prices fell marginally by Rs 77 to Rs 29,212 per 10 grams in futures trade today as speculators trimmed positions.
Sentiment turned weak after gold declined for the third day in global markets after Federal Reserve Chairman Ben S Bernanke provided no specific plans for boosting growth in the US, analysts said.
At the Multi Commodity Exchange, the August contract traded marginally lower by Rs 77, or 0.26%, to Rs 29,212 per 10 grams, with a business turnover of 3,358 lots.
The October contract shed Rs 71, or 0.24%, to Rs 29,568 per 10 grams, with a turnover of 248 lots.
Globally, gold for lost as much as 0.3% to $1,578.53 an ounce in early trade in Singapore today.
