New Delhi: Prices of both gold and silver surged in New Delhi on Friday on increased stockists buying and a firming global trend. While gold prices spurted by Rs310 to Rs27,790 per ten gram, silver gained Rs500 to touch Rs45,100 per kg. Buying activity gathered momentum on stockists buying, driven by reports that the metal climbed to a two-week high on speculation that the US Federal Reserve will maintain record stimulus to bolster growth. Gold in Singapore, which normally set price trend on the domestic front, gained 0.6% to $1,422.10 an ounce. In the national capital, gold of 99.9 and 99.5% purity shot-up by Rs310 each to Rs27,790 and Rs27590 per ten gram, respectively. Sovereign also rose by Rs100 to Rs23,900 per piece of eight gram. Silver ready surged by Rs500 to Rs45,100 per kg and weekly-based delivery by Rs740 to Rs44,560 per kg on sustained buying by speculators. Silver coins rose by Rs100 to Rs77,000 for buying and Rs78,000 for selling of 100 pieces.

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