Gold futures traded slightly higher in the early part of Friday's trading session. As Further, strong economic data from Euro zone supported prices to trade in positive note. However, strength in Dollar Index coupled with expectations among the investors that the US Federal Reserve may start trimming bond buying programme soon after the positive economic data from US capped sharp upside in the prices. On the Comex division (U. S. Market), Gold futures for October delivery inched rose 0.37% to USD1377.47 per troy ounce in Asian trading Friday. Gold futures were likely to find support at $1,351.90 a troy ounce and resistance at $1,384.00. In the Indian Markets, depreciation in the Indian Rupee may support prices to trade on positive note.

Over all, MCX Gold October future  was consolidate and sustaining in a up trend for the entire week. So for the coming week 31200/30800 will act as a major support whereas 31900/32500 will act as a major resistance level in MCX Gold October future. For the next week in MCX Gold, trader can use buy on lower level strategy, if MCX Gold October future sustain above the levels of 31700 then it could test the levels 31900 /32171.

We expect Silver prices to trade on the positive note on the back of strong manufacturing data from China, Euro Zone and US. Further, rise in risk appetite in the global markets along with the Expectation of favourable economic data from UK may support prices to trade in green.

Technically, MCX Silver is also in consolidation and sustaining around higher levels. So, for the coming week 55000/57700 will act as major resistance levels where as 50975/49167. will act as major support in MCX Silver September futures. Last week MCX Silver September futures was sustaining around higher levels. For the next week traders can use  buy on lower level strategy, if MCX Silver September futures sustains above 52500 then it could test the levels of 53600/ 55000.