Gold futures rise Rs 102 on global cues

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New Delhi: Gold prices rose by Rs 102 to Rs 26,823 per 10 grams in futures trading on June 8 as speculators enlarged positions. At the Multi Commodity Exchange, gold for delivery in August rose by Rs 102 or 0.38 per cent to Rs 26,823 per 10 grams in a business turnover of 267 lots.

Similarly, the yellow metal for delivery in far-month October moved up by Rs 91 or 0.35 per cent to Rs 27,018 per 10 grams in three lots. Market analysts said speculators enlarged their positions on the back of a firming global trend, supported the upside in gold prices at futures trade. Meanwhile, gold traded higher at USD 1,174.35 an ounce in Singapore from USD 1,171.94 on Friday.

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