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Gold futures inched up in Asia electronic session today after ending lower yesterday as the US dollar gained ahead of the U.S Federal Reserve meet later in the week.

Zinc futures for September 2012 contract, at MCX, were trading at Rs. 106.50 per kg, up by 1.28 per cent after opening at Rs. 105.30 against the previous closing price of Rs. 105.20. It touched the intra-day high of Rs. 106.85 till the trading.

Gold futures are trading marginally higher in Asia electronic session today, however the range remained quite tight so far this week as the traders become cautious ahead of the FOMC meeting today.

Buoyancy is likely to continue in coriander futures on the heels of poor arrivals in major mandies coupled with concerns of weak coriander production in the current year.

Gold futures skyrocketed enjoying the rally along with other assets as markets take pleasure of the extraordinary and bountiful step taken by the Federal Reserve yesterday.

Chana futures on NCDEX closed with losses for the second day with most active August contract ending the last session down by

Turmeric futures extended the gains for the third day on the back of strong buying support lead by strong fundamentals.

Coriander prices closed lower by 0.05 per cent on Saturday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the demand for the commodity in the market against the adequate supply of coriander from the producing belts.

Gold bulls are hoping the start of the Indian wedding season will stem the selling faced by the market so far this month, said options Xpress in a research note.