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Gold futures extend gains; up 0.78% on global cues

Gold continued its upward journey as prices rose by 0.78% to Rs 25,888 per 10 grams in futures trade on Tuesday after the precious metal climbed overseas.

business Updated: Aug 16, 2011 12:52 IST
PTI

Gold continued its upward journey as prices rose by 0.78% to Rs 25,888 per 10 grams in futures trade on Tuesday after the precious metal climbed overseas.

At the Multi Commodity Exchange, gold for delivery in October shot up by Rs 200, or 0.78%, to Rs 25,888 per 10 grams, with a trade turnover of 1,264 lots. It had closed 0.18% higher at Rs 25,688 in the last session.

The metal for delivery in December also gained Rs 192, or 0.74%, to Rs 26,082 per 10 grams, with a trade volume of 53 lots.

Market analysts said a firming trend in precious metals at New York, mainly influenced gold prices at futures trade here.

Gold for December delivery rallied by 0.8% to a record $1,772.70 an ounce in New York.

First Published: Aug 16, 2011 12:51 IST