Gold prices rose by 1.40 per cent to Rs 26,953 per 10 grams in futures trade on positive cues from global markets.
At Multi Commodity Exchange, gold for delivery in far-month February was up by Rs 373, or 1.40 per cent, to Rs 26,953 per 10 gram in business turnover of 813 lots.
The metal for delivery in December moved up by Rs 365, or 1.39 per cent, to Rs 26,695 per 10 gram in a turnover of 11,654 lots.
Analysts said fresh positions built-up by participants following a better trend in global markets on speculation the European Central Bank may purchase assets including bullion to counter low inflation, influenced gold prices at futures trade here.
Meanwhile, gold rose by 0.90 per cent, to USD 1,197.52 an ounce after reaching USD 1,198.79 earlier today, the highest since October 31 in Singapore.
