Continuing its winning streak, gold prices surged 0.21 per cent to Rs 19,901 per ten gram in futures trade on Tuesday, driven by firming trend overseas.
Strong demand at spot markets for festivals and marriage season, also influenced the precious metal prices at futures trade here.
Analysts said firming trend at global markets last evening after a weaker dollar boosted demand for the precious metal as an alternative investment and rising demand at spot markets for the ongoing festive season, influenced gold prices at futures trade here.
In global markets, gold gained surged USD 12.60 to USD 1,340.30 an ounce in New York after rising to USD 1,349.50.
At the Multi Commodity Exchange counter, gold for delivery in far-month April contract gained Rs 42, or 0.21 per cent, to trade at Rs 19,901 per ten gram, with a turnover of three lots.
