Gold futures extended losses on Friday after a strong US jobs report raised the likelihood of an interest rate hike from the Federal Reserve....
This was a weekly drop of -38,678 contracts....
On the higher side Rs 360 and 365 per kg will be active supports....
MCX Crude ended down around 2 percent, sliding well under Rs 3,000 per barrel mark....
April remains outperforming month...
Support for energy future is at Rs 3,050 per barrel....
The yellow metal is expected to decline further towards Rs 27,500 if it breaches Rs 28,000 per 10 grams....
The resistance for Copper is at Rs 368 while supports are active at Rs 352 per kg....
The spot prices of jeera increased by Rs 150 per quintal today to trade at Rs 16,600-16,900 per quintal at Unjha mandi with total arrivals of 60,000 bags....
The spot prices of turmeric decreased by Rs 20 per quintal....
The prices of chana at Delhi mandi were quoted at Rs 5,600 per quintal at Delhi mandi....
Spot Coriander prices dropped 2.5 percent in Kota today....
MCX Gold is down 0.7 percent to trade at Rs 28,932 per 10 grams right now....
MCX Crude ended down half a percent at Rs 3,070 per barrel and should slip further today....
This can trigger some bargain buying in MCX base metal too after prices dropped near Rs 360 per kg levels in intraday moves yesterday....