Gold futures prices fell by Rs 39 to Rs 29,180 per 10 gm today as speculators offloaded their positions largely in tune with a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 39 or 0.13 per cent to Rs 29,180 per 10 gm with a business turnover of 1,854 lots.

Similarly, the metal for delivery in June moved down by Rs 32 or 0.11 per cent to Rs 28,827 per 10 gm with a business turnover of 2,873 lots.

Market analysts said speculators offloaded their positions in tandem with a weak trend in the overseas market.

Concerns over Europe debt crisis strengthened the dollar and reduced the appeal for the precious metal, leading to a fall in gold prices at the futures trade.

Meanwhile, gold lost as much as 0.2 per cent to $1,552.02 an ounce in early trade today in Singapore.

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