Gold prices steady; silver tops Rs 37,000

Gold prices ruled steady in a largely quiet trade at the bullion market here today on mute offtake by jewellers and investors even as the rates firmed up overseas.
On the other hand, silver recaptured the Rs 37,000-mark by gaining Rs 270 per kg on uptick in demand from industrial units.
Standard gold (99.5 purity) closed at its overnight level of Rs 28,550 per 10 grams.
Pure gold (99.9 purity) also settled at its previous level of Rs 28,700 per 10 grams.
Silver (.999 fineness) climbed by Rs 270 to finish at Rs 37,065 per kg compared to Friday's close of Rs 36,795.

Globally, Gold edged higher as uncertainty over US tax reform weighed on the dollar, while an analyst said bullion may face renewed headwinds early next year.
Spot gold was up 0.2 per cent at USD 1,257.90 an ounce at early trade.
Silver which was unchanged at USD 16.05 an ounce, had shed about 10 per cent during the four weeks after touching a peak on Nov 17.