SRINAGAR: Gold prices extended their rally for a third consecutive day on Tuesday, with domestic retail rates and futures advancing amid stronger global bullion prices and easing crude oil prices, according to GoodReturns.in and market data. 22-carat gold gained Rs 700 to Rs 1,32,200 per 10 grams, while 18-carat gold increased by Rs 570 to Rs 1,08,160 per 10 grams. Internationally, spot gold rose 0.99 per cent to $4,047.64 per ounce, while US gold futures for August delivery gained 0.92 per cent to $4,052.97 per ounce. Market analysts attributed the rise in bullion prices to softer crude oil prices amid signs of diplomatic efforts to ease tensions between the United States and Iran, boosting demand for safe-haven assets. However, investor sentiment remained cautious after Yemen’s Houthi movement reportedly threatened to impose a naval blockade on Saudi Arabia, raising concerns over a renewed spike in crude oil prices.