Gold futures up by Rs 102 on firm global cues

Mumbai-India (May 12)  Gold prices rose by Rs 102 to Rs 27,161 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas.

 At the Multi Commodity Exchange, gold for delivery in far-month August rose by Rs 102, or 0.38 per cent, to Rs 27,161 per 10 grams in a business turnover of 10 lots.

 June gold traded higher by Rs 96, or 0.36 per cent, to Rs 26,935 per 10 grams in 381 lots.

 Analysts said a firming trend in the global markets supported the upside in gold prices at futures trade here.

 In Singapore, gold rose to $1,184.41 an ounce from $1,183.97 yesterday.

Source: Business-Standard