Gold futures gain Rs 141 on global cues

Gold prices rose by Rs 141 to Rs 31,180 per 10 gram in futures trade today as speculators created positions amid positive cues from the global market.
At the Multi Commodity Exchange, gold for delivery in August moved up by Rs 141, or 0.45 per cent, to Rs 31,180 per 10 gram, in a business turnover of 1,370 lots.
The metal for delivery in far-month October was trading higher by Rs 133, or 0.42 per cent, to Rs 31,650 per 10 gram, in a turnover of 50 lots.
Analysts said a firming trend in global market where gold recovered after yesterday's fall, influenced the precious metal here in futures trade.

Meanwhile, gold rose as much as 0.46 per cent to USD 1,338.80 an ounce in Singapore.