Gold futures extend gains, up 0.33 pc on global cues

Extending gains for the second straight day, gold prices rose further by 0.33 per cent to Rs 25,770 per 10 grams in futures trade today as speculators engaged in enlarging positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in April month rose by Rs 85, or 0.33 per cent to Rs 25,770 per ten grams in business turnover of 10,936 lots.
Likewise, the metal for delivery in June contracts traded higher by a similar margin to Rs 25,941 per ten gram in 301 lots.
Analysts said the rise in the gold prices at futures trade was mostly in tandem with a firming trend overseas after it snapped an eight-day stretch of declines that was the longest since 2009 as the dollar weakened from a decade-high.

Meanwhile, gold rose one per cent to USD 1,166.66 an ounce in London.