Gold futures up by Rs 102 on firm global cues

New Delhi: 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.

Similarly, the yellow metal for delivery in June 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 USD 1,184.41 an ounce from USD 1,183.97 on May 11.