NEW DELHI: Gold prices rose for the third day on Tuesday gaining Rs 25 to close at Rs 14,830 per 10 gram in the bullion market here on buying by stockists and jewellers amid firming global cues. The precious metal had become costlier by Rs 115 in the previous two trading sessions. Silver prices surged by Rs 200 to close at Rs 21,700 per kg on strong industrial demand. Marketmen said that gold prices rose after buying by stockists and jewellers ahead of festival season and firming overseas trends. Gold rose for a fourth day in London as higher oil prices and a weaker dollar increased demand for bullion as an alternative investment and hedge against rising consumer prices. The metal added $1.50 to $921.80 an ounce. On the domestic front, standard gold and ornaments rose by Rs 25 each to Rs 14,830 per 10 grams and Rs 14,680 per 10 gram respectively. Sovereign also added Rs 25 to Rs 12,350 per piece of eight gram. Silver ready rose by Rs 200 to Rs 21,700 per kg, while weekly-based delivery moved up by Rs 160 to Rs 21,460 per kg. Silver coins rose by Rs 100 to Rs 28,900 for buying and Rs 29,000 for selling of 100 pieces.

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