(Reuters) - Indian gold prices fell for a third day on Tuesday weighed by a stronger rupee, that hit its highest level in a month-and-a-half, but price falls were not enough for physical traders seeking to book the yellow metal. * At 1048 GMT, the most-active gold contract for August delivery on the Multi Commodity Exchange (MCX) was 0.28 percent lower at 29,576 rupees per 10 grams. * The rupee, which touched 54.75 per dollar, its strongest level of since May 22, plays an important role in determining the landed cost of the dollar-quoted yellow metal. * In the international market, however, gold gained half a percent after weak global manufacturing data rekindled hopes of more easing from central banks to support recovery. * Traders were also eyeing the progress of the monsoon rains, vital to incomes in rural areas, which contribute to 60 percent of gold imports. * "There is some bit of buying... things will be dull until August," said Haresh Acharya, head of bullion desk, Parker Bullion in Ahmedabad. * Silver edged higher following copper, another industrial metal. * Silver for July delivery on the MCX was 0.52 percent higher at 52,413 rupees per kg. * At 4:15 p.m., following were the prices in rupees quoted by HDFC Bank in the spot market : Tuesday Monday Gold .999/10 grams 29,635 29,458 Silver .999/kg 54,214 53,342 At 4:19 p.m., following were the prices in rupees on the Multi Commodity Exchange of India Ltd <0#MAU:>: Contract Current price Net change Aug gold 29,576 -84 July silver 52,407 +264 (Reporting by Siddesh Mayenkar; Editing by Prateek Chatterjee)

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