Gold prices rose by Rs 161 to Rs 26,268 per 10 grams in futures trade today as speculators enlarged their positions,tracking a firm global trend. The sentiment improved as gold in overseas markets rose the most in a week after data showed China's inflation accelerated more than estimated in June,boosting demand for the precious metal as a hedge. At the Multi Commodity Exchange,gold for delivery in August rose by Rs 161,or 0.62 per cent,to Rs 26,268 per 10 grams in business turnover of 3611 lots. Similarly,the yellow metal for delivery in October moved up by Rs 157,or 0.60 per cent,to Rs 26,400 per 10 grams in 219 lots. Market analysts said fresh positions created by speculators in tandem with a firm global trend mainly led to rise in gold prices at futures trade. Meanwhile,gold climbed 1.5 per cent,the most since July 1,to USD 1,255.18 an ounce in Singapore.
