New Delhi: Gold prices surged by Rs170 to regain a record level of Rs20,600 per 10gm in the national capital today, as stockists and jewellers increased their holdings for the wedding season, amid a firm global trend, reports PTI. Weak stock market cues made investors park their funds into bullion as an alternative investment and supported the precious metal's prices. However, silver and its coins held steady in restricted buying at existing higher levels. The yellow metal in overseas markets, which normally set the price trend on the domestic front, gained as a weak dollar raised demand for the metal as a safe haven. Gold gained $12.30 to $1,366.40 an ounce in New York last evening. On the domestic front, gold of 99.9% purity surged by Rs170 to regain its peak levels of Rs20,600 per 10gm, a level last seen on 11th November, while gold of 99.5% purity jumped up by Rs150 to Rs20,460 per 10gm. Sovereign followed suit and gained Rs50 to Rs16,450 per piece of 8gm. On the other hand, silver ready and weekly-based delivery remained steady at Rs42,400 and Rs41,930 per kg in restricted buying at prevailing higher levels. Silver coins also traded around previous levels of Rs45,900 for buying and Rs46,000 for selling of 100 pieces.

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