Gold prices rose by Rs 185 to Rs 26,462 per 10 grams in futures market today as speculators enlarged their positions, driven by a firming Asian trend.
Trading sentiment bolstered after gold climbed in Asia as investors sought to protect their wealth from the financial turmoil spurred by Europe's debt crisis.
At the Multi Commodity Exchange, December gold rose by Rs 185, or 0.70%, to Rs 26,462 per 10 grams, with a business turnover of 8,766 lots.
The October delivery moved up by Rs 95, or 0.37%, to Rs 25,995 per 10 grams, with a trade volume of 36 lots.
Analysts said increased buying by speculators in tandem with a firming trend in Asian region, mainly led to the rise in gold prices at futures trade.
Gold gained 0.7% to $1,634.75 an ounce in Singapore.
