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.

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.

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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.