Continuing its winning streak, gold prices rose further by 0.12 per cent to 23, 258 rupees per 10 grams in futures trade on Tuesday after it crossed the 1,600 dollar an ounce level overseas for the first time. At the Multi Commodity Exchange, gold for delivery in August gained 31 rupees, or nearly 0.12 per cent, to 23,258 rupees per 10 grams, with a business turnover of 238 lots. It had closed 0.7 per cent higher at 23, 227 rupees per 10 grams in the previous session, after hitting a record of 23,291 rupees. Similarly, the yellow metal for delivery in October moved up by 30 rupees, or 0.10 per cent, to 23,548 rupees per 10 grams, with a turnover of six lots. Analysts attributed the rise in gold futures prices to a firming trend overseas, where the precious metal crossed a crucial 1,600 US Dollar an ounce level for the first time as debt concerns in Europe and the US boosted demand for the metal as a protection of wealth. Meanwhile, gold rose by 0.69 per cent to an all-time high of USD 1,605.10 an ounce in New York in Monday's trade.