New Delhi, Sept. 18 -- Gold prices continued their bullish trend for the third consecutive day on Friday, September 18, as a recent decline in crude oil prices supported the bullion rally, while limited gains in the US dollar and a drop in global bond yields also aided sentiment.

MCX gold for October delivery advanced another Rs.1,620 per 10 grams to hit a day's high of Rs.1,54,600, taking its three-day cumulative gain to Rs.3,791. The rally has also put bullion on track to post its second consecutive weekly gain.

The recent gains have narrowed gold's September losses to just 0.27%. The precious metal has also recovered Rs.4,335 from its monthly low of Rs.1,49,665, highlighting the strength of the recent rebound.

The yellow metal had i...