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NEW DELHI: Gold prices rose by Rs 90 to Rs 11,590 per 10 gram in the bullion market here on Saturday on sustained buying by stockists and jewellers in line with firming trend in the overseas market.

Marketmen said increased buying by stockists and jewellery fabricators to meet marriage and festival season demand mainly pushed up gold prices. They said firming trend in global markets also led to a rise in the prices.

Gold rose $12.40 to $757.90 dollar an ounce on the New York Mercantile Exchange last night. Standard gold and ornaments shot up by Rs 90 each at Rs 11,590 and Rs 11,440 per 10 gram, while sovereign jumped up by Rs 125 to Rs 9,925 per piece of eight gram .

However, silver ready and weekly based delivery lost Rs 75 each at Rs 18,225 and Rs 18,075 per kg, while its coins remained flat at Rs 27,800 for buying and Rs 27,900 for selling of 100 pieces. - PTI

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