New Delhi, Apr 29: Gold prices rose by Rs 15 to Rs 11,780 per 10 grams on the bullion market today on increased demand from local parties in view of marriage season even as global markets remained weak. Silver also gained on persistent buying by jewellery fabricators and industrial units.

Marketmen said increased demand from jewellers in view of the ongoing marriage season mainly led to rise in prices of both the precious metals.

They said global trend which normally set a price band in domestic market here failed to influenced the market sentiment. Gold fell by 6.11 dollar to 887.14 an ounce in London. Futures for June delivery dropped 6.40 dollar to 889.10 dollar an ounce on the Comex division of the New York Mercantile Exchange and silver fell 15.5 cents to 16.875.

In local market, standard gold and ornaments remained in demand and gained Rs 15 each at Rs 11,780 and Rs 11,630 per 10 grams respectively. Sovereign, however, hovered around previous level at Rs 9,850 per piece of eight gram in limited deals.

On the other hand, white metal showed a mixed trend as silver ready attracted fresh buying and recovered sharply by Rs 390 at Rs 22,800 per kg but silver weekly-based delivery lost Rs 360 at Rs 22,350 per kg.

Silver coins remained unchanged at Rs 26,500 for buying and Rs 26,600 for selling of 100 coins.