Gold prices rose by Rs 18 to Rs 21,477 per 10 grams in futures trading today as speculators enlarged their positions after the precious metal climbed to a record high.
At the Multi Commodity Exchange, gold for delivery in August rose by Rs 18, or 0.08%, to Rs 21,477 per 10 grams, with a business turnover of six lots.
Similarly, the yellow metal for delivery in June gained Rs 15, or 0.07%, to Rs 21,177 per 10 grams, with an open interest of eight lots.
Analysts attributed the rise in gold futures to a firming trend in the global market, where gold galloped to a new high as fighting in Libya and concerns about European debt spurred demand for an alternative investment.
Meanwhile, gold surged to an all-time high of $1,458.50 an ounce in New York yesterday.
