Gold extends gains on good seasonal uptick, overseas cues

Maintaining its upswing for the second straight day, gold prices advanced at the bullion market here on sustained demand from stockists as well as steady retail demand in view of ongoing wedding season and festivities.
Silver also rallied on the back of persistant speculative appetite coupled with robust industrial demand.
Standard gold (99.5 purity) rose by Rs 90 to end at Rs 25,925 per 10 grams from Thursday's level of Rs 25,835.
Pure gold (99.9 purity) also firmed up by a similar margin to settle at Rs 26,075 per 10 grams against Rs 25,985.
Silver (.999 fineness) surged by Rs 405 to finish at Rs 36,880 per kg compared to Rs 36,475 yesterday.

On the global front, the shiny-metal continued to trade near a two-week high after the Federal Reserve cautioned over its rate hike path and US economic growth supported by hectic short-covering.
Spot gold was substantially higher at USD 1171.86 an ounce in early European trade.