Gold futures extend gain on positive global cues

Amid a firming trend overseas and rising wedding season demand at domestic markets, gold prices rose further by 0.76 per cent to Rs 30,125 per 10 gram in futures trade today as participants raised their bets.
At the Multi Commodity Exchange, gold for delivery in June month rose by Rs 228, or 0.76 per cent to Rs 30,125 per ten grams in business turnover of 6260 lots.
On similar lines, the metal for delivery in far-month August contracts gained Rs 207, or 0.69 per cent, to Rs 30,345 per ten grams in 251 lots.
Analysts said widening of positions by traders in line with a firming global trend mainly kept gold prices higher at futures trade.

Globally, gold rose by 0.27 per cent to USD 1,281.10 an ounce in London.