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Gold prices rose Rs 97 to Rs 26,607 per 10 grams at the futures trade today as speculators created fresh positions in tandem with a firming trend in the Asia region.
At the Multi Commodity Exchange, gold for delivery in December rose Rs 97 or 0.37 per cent to Rs 26,607 per 10 grams with a trading volume of 4,210 lots. In a similar fashion, February contract gained Rs 90 or 0.34 per cent to Rs 26,866 per 10 grams in 100 lots.
Market analysts attributed the rise in gold futures to a firming trend in the Asian region. They said a pick-up in local demand at the spot market due to the festive season also supported the uptrend in gold prices.
Meanwhile, gold gained 0.8 per cent to $1,665 an ounce in Singapore.
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