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Gold rises more than one percent to near two-week high

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Reuters SINGAPORE
Last Updated : Apr 26 2013 | 7:30 AM IST

SINGAPORE (Reuters) - Cash and U.S. gold futures rose more than 1 percent to the highest since April 15 above $1,484 an ounce on Friday, extending Thursday's gains after a recent plunge in prices triggered bargain hunting and a surge in physical buying.

Premiums for gold bars soared to multi-year highs in Asia after a spate of physical buying ran down supplies, with dealers in top consumer India expecting a surge in imports this month.

(Reporting by Lewa Pardomuan; Editing by Ed Davies)

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First Published: Apr 26 2013 | 7:06 AM IST

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