NEW DELHI: Snapping a two-day losing streak, gold prices on Thursday rose by Rs 110 at Rs 14,770 per 10 gram in the bullion market here on emergence of buying by stockists and jewellery fabricators, driven by overnight rise in the global markets. Marketmen said buying activity gathered momentum after gold prices surged over 902 dollar an ounce in New York last night as the weak US dollar raised the metal's appeal as an alternative investment. They said emergence of buying by stockists and jewellery fabricators to meet the current marriage season demand and reports of firming trend in the overseas market mainly attributed to the recovery in gold prices. Standard gold and ornaments, which had lost Rs 370 each in the last two sessions, recovered by Rs 110 each to Rs 14,770 and Rs 14,620 per 10 gram, respectively. However, sovereign, remained steady at Rs 12,350 per piece of eight gram. Silver ready also showed strength in line with gold and prices flared up by a whopping Rs 400 to Rs 21,500 per kg, while weekly-based delivery shot up by Rs 465 to Rs 21,325 per kg. Silver coins also gained Rs 100 to Rs 28,200 for buying and Rs 28,300 for selling of 100 pieces.

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