Gold extends gains, up 0.44 pc on global cues

Gold rose by 0.44 per cent to Rs 28,767 per 10 grams in futures trade today as participants enlarged positions, supported by a firming trend overseas.
Besides, a better trend in the domestic spot markets also supported the rise in gold prices.
At the Multi Commodity Exchange, metal for delivery in far-month April gained Rs 126, or 0.44 per cent, to trade higher at Rs 28,767 per 10 grams in a turnover of 3,747 lots.
Similarly, the metal for delivery in February moved up by Rs 56, or 0.19 per cent, to Rs 29,518 per 10 grams, clocking a business volume of 317 lots.

At the spot markets, gold traded Rs 50 higher at Rs 30,400 per 10 grams in the national capital.
Analysts attributed the rise in gold prices at futures trade to a firming trend in the global markets.
Further, rising demand at current levels in the domestic spot market also influenced prices, they said.
Globally, gold gained 0.02 per cent at USD 1,246.20 an ounce in London today.