Gold prices fell Rs 56 to Rs 29,340 per 10 grams at the futures trade today due to profit-booking and as participants cut down their bets, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month June was trading lower by Rs 56 or 0.19 per cent at Rs 29,340 per 10 grams in a business turnover of seven lots.

Also, the metal for delivery in April shed Rs 39 or 0.13 per cent to Rs 29,293 per 10 grams in 345 lots.

Analysts said apart from profit-booking by speculators at prevailing levels, a weak trend in global market mainly led to the fall in gold prices at the futures trade.

Globally, gold fell 0.06 per cent to trade at $1,232.60 an ounce in Singapore.