NEW DELHI: Gold prices today skyrocketed by Rs 200 to Rs 17,190 per ten gram in the National Capital on frantic buying by stockists and jewellery fabricators. The trading sentiment turned bullish after gold rose to a four-month high in global markets as credit rating cuts in Europe increased demand for the metal as safe investment, marketmen said. Gold recorded a handsome gain of 15.40 dollar to 1,168.40 dollar an ounce in New York last night. Some investors were seen shifting their funds from weakening equity to rising bullion and firming trend at futures trading further fuelled the uptrend, they said. Standard gold and ornaments spurted by Rs 200 each to Rs 17,190 and Rs 17,040 per ten gram respectively. Sovereign followed suit and traded higher by Rs 50 to Rs 14,100 per piece of eight gram. However, silver ready lacked necessary buying support and declined by Rs 100 to Rs 28,000 per kg and weekly-based delivery by Rs 85 to Rs 27,625 per kg. Meanwhile, silver coins remained unchanged at Rs 33,600 for buying and Rs 33,700 for selling of 100 pieces.

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