Gold futures down marginally on global cues

Gold prices fell marginally by Rs 47 to Rs 29,571 per 10 gm in futures trade today largley in line with an overall weak trend in Asian.

At the Multi Commodity Exchange, gold for delivery in October traded marginally lower by Rs 47, or 0.16%, to Rs 29,571 per 10 gm, with a business turnover of 522 lots.

August gold shed Rs 43, or 0.15%, to Rs 29,225 per 10 gm, with a turnover of 1,284 lots.

Marketmen attributed the marginal fall in gold prices at futures trade to a weak trend in the Asian region.

Gold declined to $1,590.20 an ounce in Singapore.