Gold prices rose by 0.43 per cent to Rs. 20,774 per 10 grams in futures trade today, largely in tandem with a firming global trend.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs. 91, or 0.43 per cent, to Rs. 20,774 per 10 grams, with a business turnover of just one lot.

Likewise, the metal for delivery in April moved up by Rs. 79, or 0.38 per cent, to Rs. 20,765 per 10 grams, with a turnover of three lots.

Market analysts attributed the rise in gold futures prices to creation of fresh positions by speculators on the back of a firming trend in global markets as the conflict in Libya, concerns about European debt and rising inflation boosted demand for an alternative investment.

Meanwhile, gold rose by $ 2.80 to $ 1,437.30 an ounce in Asian trade today.

More In: Markets | Business