Gold prices on Friday surged by Rs 155 to Rs 14,975 per 10 gram in the bullion market here on aggressive buying by stockists, driven by firming global trend after the US dollar weakened against major currencies.
Silver also spurted by Rs 400 to Rs 23,200 per kg. Marketmen said trading sentiment turned bullish after gold, in London, spurted by 13.83 US dollar to 973.28 dollar an ounce, the highest since February 25 after dollar weakened, raising appeal of the precious metal as an alternative investment.
Silver also climbed 2.3 per cent to 15.50 dollar an ounce. In the national capital, standard gold and ornaments prices went up by a whopping Rs 155 each to Rs 14,975 and Rs 14,825 per 10 gram, respectively, while sovereign remained steady at Rs 12,400 per piece of eight gram on some enquiries.
Silver ready continued its upward journey, largely taking cues from global markets, and spurted by Rs 400 to Rs 23,200 per kg and weekly-based delivery by Rs 565 to Rs 23,750 per kg.
However, silver coins continued to be asked around previous level of Rs 29,300 for buying and Rs 29,400 for selling of 100 pieces.
