NEW DELHI: Gold prices today surged by Rs 105 to Rs 16,165 per 10 gram in the bullion market here on brisk buying by stockists and jewellery makers for the ongoing marriage season amid firming global trend. On the other hand, silver remained under pressure and fell further by Rs 300 to Rs 26,350 per kg on fresh arrivals amid poor offtake from coins makers and industrial units. The white metal had lost nearly Rs 900 in the last three trading sessions. Marketmen said trading sentiment in gold turned bullish as metal prices rose in the overseas markets from its lowest level in three weeks. Gold in Asia rose 0.4 per cent to 1,031.68 dollar an ounce. The impact was seen in the domestic market as standard gold and ornaments shot up by Rs 105 each at Rs 16,165 and Rs 16,015 per 10 gram, respectively. Sovereign prices rose by Rs 25 to Rs 13,025 per piece of eight gram. Besides, increasing demand for the ongoing marriage season also led to the rise in gold prices. Silver ready remained under selling pressure and dropped further by Rs 300 to Rs 26,350 per kg and weekly-based delivery by Rs 370 to Rs 26,000 per kg. However, silver coins remained unchanged at Rs 32,900 for buying and Rs 33,000 for selling of 100 pieces.

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