Gold futures gain Rs 124 on global cues

New Delhi, November 4: Gold prices rose by Rs 124 to Rs 26,240 per 10 grams in futures trade today as speculators created positions amid positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in far-month February moved up by Rs 124, or 0.47 per cent, to Rs 26,240 per 10 grams in a business turnover of three lots.

The metal for delivery in December was trading higher by Rs 119, or 0.46 per cent, to Rs 26,041 per 10 grams in a turnover of 197 lots.

Analysts said a firming trend in global market where gold recovered from one-month lows, influenced the precious metal here in futures trade.

Meanwhile, gold rose as much as 0.4 per cent to USD 1,122.18 an ounce in Singapore.

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