Gold prices on Thursday rose by Rs 60 at Rs 15,160 per 10 gram in the bullion market here on fresh buying by stockists, triggered by a firming global trend.

Marketmen said buying in gold gathered momentum after the precious metal moved up in overseas markets on hopes that a weakening dollar and rising equities may boost demand for the metal as an alternative investment.

Gold in London rose by 2.44 dollar to 944.49 dollar an ounce.

Meanwhile, silver prices remained stable in the absence of any worthwhile market moving factor and were trading at Rs 23,000 per kg.

Standard gold and ornaments rose by Rs 60 each at Rs 15,160 and Rs 15,010 per 10 gram respectively, while sovereign remained unchanged at Rs 12,500 per piece of eight gram.

Silver ready held steady at Rs 23,000 per kg, while weekly-based delivery surged by Rs 340 to Rs 23,070 per kg on speculative buying.

Silver coins continued to be asked around previous level at Rs 29,900 for buying and Rs 30,000 for selling of 100 pieces.

Keywords: Goldmarket

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