NEW DELHI: Gold prices surged by Rs 100 to close at Rs 15,090 per ten gram on Monday on heavy buying by jewellery fabricators amid firming global trend. Trading sentiments turned bullish as gold climbed to a three-week high in London as declining dollar and increasing oil prices boosted the metal's appeal as an alternative investment and hedge against rising consumer prices. Gold prices in London rose by 13.80 dollar to 951.50 dollar an ounce, the highest since June 26 while silver prices increased by 1.9 per cent to 13.68 dollar an ounce, the highest since July 2. The market also witnessed heavy buying of gold by jewellers and coin manufacturers ahead of the marriage season. A fall in arrivals further helped the precious metal to gain ground, marketmen said. They said the country imported nearly 12 metric tonnes of gold in June compared to 18 metric tonnes in the previous before, they added.

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