Gold prices rose further by 0.23% to Rs 20,769 per 10 gram in futures trade today, after the precious metal rose in the global market for the third successive day, as unrest in the West Asia boosted its demand.
At the Multi Commodity Exchange, gold for delivery in April moved up by Rs 47, or 0.23%, to Rs 20,769 per 10 grams, with a business turnover of 1,200 lots.
It had gained 0.30% to close at Rs 20,722 per 10 grams in yesterday's trade.
Likewise, the yellow metal for delivery in June rose by Rs 49, or 0.23%, to Rs 21,062 per 10 grams, with a business turnover of 69 lots.
Market analysts attributed the rise in gold futures to a firming trend overseas, as unrest in the West Asia and nuclear crisis in Japan boosted the demand for precious metal as a store of value.
Meanwhile, gold rose by 0.6% to $1,412.66 an ounce in Asian trading today.