Gold futures prices rose Rs 203 to Rs 26,550 per 10 grams today, as speculators created fresh positions driven by a firming trend in the domestic as well as international markets.

At the Multi Commodity Exchange, gold for delivery in December rose Rs 203 or 0.77 per cent to Rs 26,550 per 10 grams with a business turnover of 4,415 lots.

Similarly, the metal for delivery in February moved up by Rs 206 or 0.77 per cent to Rs 26,825 per 10 grams with a trade volume of 291 lots.

Market analysts attributed the rise in gold futures prices to a firming trend in Asian region and rising demand at the spot market for the ongoing festive season.

Meanwhile, the yellow metal advanced by 0.6 per cent to $1,629.70 an ounce in Singapore.

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