Further, robust physical demand for the bullion in Asia also supported sentiment.
However, speculation that the US Federal Reserve may start scaling back its bond buying program in the near-term as the economy improves dimmed the appeal of the bullion, which is a hedge against the inflationary risk of monetary stimulus. A Fed official said that a modest pullback in QE3 may be justified in a few months' time as the job market and the economy strengthens further.
At the MCX, Gold futures, for the June 2013 contract, ended at Rs 26,630 per 10 gram, up by 0.83 per cent, after opening at Rs 26,481, against a previous close of Rs 26,411. It touched an intra-day high of Rs 26,659.