Gold futures up by Rs 128 on firm global cues

New Delhi: Gold prices rallied by Rs 128 to Rs 27,227 per 10 grams in futures trading amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in October rose by Rs 128, or 0.47 per cent, to Rs 27,227 per 10  grams in a business turnover of 170 lots.  

Similarly, the yellow metal for delivery in August   traded higher by Rs 96, or 0.36 per cent, to Rs 26,964 per 10 grams in 5,493 lots. Analysts said a firming trend in the global markets as the dollar weakened, supported the upside in gold prices at   futures trade here. Globally, in London, gold rose 0.8 per cent to USD 1,186.30 an ounce.