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Gold prices were up by Rs 31 to reclaim Rs 27,601 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 February was up Rs 31, or 0.11 percent, at Rs 27,601 per 10 grams in a business turnover of 279 lots.

Also, the yellow metal for delivery in far-month April contracts was trading higher by Rs 26, or 0.09 percent, at Rs 27,555 per 10 grams in six lots. 

Analysts said a firming trend in precious metals overseas mainly buoyed gold futures here. Globally, gold surged as much as 0.50 percent to USD 1,156.70 an ounce in Singapore today.