Gold prices fell Rs 76 to Rs 29,586 per 10 grams at the futures trade as participants indulged in profit-booking at prevailing levels even as the metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in October shed Rs 76 or 0.26 per cent to Rs 29,586 per 10 grams in a business turnover of 405 lots. Similarly, the metal for delivery in December fell Rs 63 or 0.21 per cent to Rs 29,700 per 10 grams in nine lots.

Analysts attributed the fall in gold futures to profit-booking by traders at existing levels but a firm trend in precious metals, squeezed the fall.

Globally, gold was trading a shade higher at $1,310.60 an ounce in Singapore today.