New Delhi: Gold prices fell marginally by Rs 56 to Rs 29,601 per 10 grams in futures trade on Tuesday as speculators trimmed positions amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in August traded marginally lower by Rs 56, or 0.19 percent, to Rs 29,601 per 10 grams, with a business turnover of 1,108 lots.

Similarly, the metal for delivery in October shed Rs 54, or 0.18 percent, to Rs 29,909 per 10 grams, with a turnover of 31 lots.

Marketmen attributed the weakness in gold at futures trade to a weak trend in overseas markets as a stronger dollar curbed demand for the metal as an alternative investment.

Meanwhile, gold declined 0.2 percent to USD 1,580.78 an ounce in London on Monday.

(Agencies)

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