MCX gold edges higher support at Rs.27650 27420: Angel

We expect gold and silver to trade on a positive note today on account of dollar weakness.
Gains in gold are also expected to be driven on the back of inflationary expectations, thus supporting the safe-haven asset even in times of risk appetite.
MCX Gold Dec’11 Rs/10 gms support:27650/27420 resistance:28075/28305
MCX Silver Dec'11 Rs/kg support:56866/55744 resistance:58980/60100
Courtesy: Karvy Commtrade Ltd.
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NCDEX jeera edges higher on bargain buying

Last Updated : October 28, 2011 15:00

MUMBAI (Commodity Online): Jeera futures rose Friday on bargain buying by the traders on the back of firm demand in the local markets for the ongoing festive seasons.

At NCDEX jeera November contract is trading at Rs.14700 per quintal, higher by 1.52 per cent on 14:55 IST against the previous close.

In the early session the contract traded at a range of Rs.14419-14846 per quintal. Open interest of the contract is 16692 lots and volume traded is 4044 lots for the time being.

No new Fundamental reports were there as Unjha mandi remained closed for Festival this week, Jeera traded with high volatility.

Latest reports from Spice Board of India indicates the estimated exports of Spices for the period April-August 2011 have fallen by 23% from 255,100 MT in 2010 to 195,500 MT in 2011. Jeera exports fell by 39% from 15,700 MT to 9,500 MT during the same period.

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