Gold prices rose by 0.43% to Rs 20,774 per 10 grams in futures trade today, largely in tandem with a firming global trend.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 91, or 0.43%, to Rs 20,774 per 10 grams, with a business turnover of just one lot.
Likewise, the metal for delivery in April moved up by Rs 79, or 0.38%, to Rs 20,765 per 10 grams, with a turnover of three lots.
Market analysts attributed the rise in gold futures prices to creation of fresh positions by speculators on the back of a firming trend in global markets as the conflict in Libya, concerns about European debt and rising inflation boosted demand for an alternative investment.
Meanwhile, gold rose by $2.80 to $1,437.30 an ounce in Asian trade today.
