SINGAPORE (Commodity Online) : Gold prices extended gains in Asian trade Tuesday as investors await EU measures to rescue debt-laden Greece.

Spot gold was seen trading at $1105. 31 an ounce at 11.30 a.m while April delivery was at $1107.32 an ounce at the same time in electronic trading in New York’s Comex.

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Silver for immediate delivery rose as much as 1.5 percent to $15.78 an ounce before trading at $15.71. Platinum gained 0.7 percent to $1,526.25 an ounce and Palladium gained 1 percent to $425 an ounce.

The Dollar Index, which tracks the value of the greenback against six major currencies including the euro, fell for the first time in three sessions, losing 0.2 percent to 80.244 at the same time.

On Monday, Spot Gold was bid at $1,099.15 an ounce, against $1,092.40 late in New York on Friday.

US gold futures for April delivery on the COMEX division of the New York Mercantile Exchange rose $9.07 to $1,099.70 an ounce.

The euro hovered near nine-month lows against the dollar on Tuesday, as the outcome of a meeting of euro zone finance ministers failed to instill confidence that Greece's debt problems will be resolved quickly.

Gold, which typically falls when the dollar strengthens because a higher dollar makes dollar-denominated commodities costlier for holders of other currencies, was resilient as investors looked to bullion's appeal as a safe-haven asset.

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