Gold, silver steady in quiet trade

Gold prices ruled stable in a largely quiet trade at the domestic bullion market here today on muted demand from jewellery makers and investors.
Silver, too, held steady in the absence of any major buying activity.
Standard gold (99.5 per cent purity) closed at its overnight level of Rs 27,980 per 10 grams.
Pure gold (99.9 per cent purity) also settled at its previous level of Rs 28,130 per 10 grams.
Silver (.999 fineness) closed unchanged at yesterday's level of Rs 38,535 per kg.
Globally, gold rose and was set to end the week slightly higher as the sudden sacking of the FBI head in the United States stoked investor concerns and boosted demand for bullion, even as the dollar headed for its strongest week this year.

Spot gold was up 0.4 per cent at USD 1,228.61 per ounce at early trade. Gold rose 0.5 per cent in the previous session, its best one-day gain in a month.
US gold futures added 0.4 per cent to USD 1,229.26 an ounce.
Among other precious metals, silver rose 0.9 per cent to USD 16.39, set for its first weekly rise in four.