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Gold trading range for the day is 28236-28874.Gold fell on expectations of a Federal Reserve rate hike and as the dollar extended its bull run against the yen. Gold premiums in top consumer China jumped to the highest in nearly three years this week on worries over a supply shortage.SPDR gold trust holdings dropped by 0.73% i.e. 6.53 tonnes to 885.04 tonnes from 891.57 tonnes.

Silver trading range for the day is 39565-41087.Silver prices gained tracking firmness in base metals prices after prices remained under pressure along with gold.FOMCs minutes from its November meeting had little surprises as expectations of a December 14 US rate hike remains intact in markets. Holdings at ishares silver trust dropped by 0.27 i.e. 29.50 tonnes to 10766.50 tonnes from 10796.00 tonnes.

Crudeoil trading range for the day is 3119-3313.Crude oil dropped dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the groups meeting.A decline in Chinas October crude oil imports to their lowest on a daily basis since January added to the bearish tone.The oil minister of non-OPEC nation Azerbaijan said OPEC was also pushing oil producers outside the group to make big cuts in output.

Copper trading range for the day is 395.8-408.6.Copper prices recovered on continued fund buying after prices seen pressure as data showed falling Chinese imports of the metal.Customs data showed China imported 189,812 tons of refined copper in October, down 45% year on year.U.S. durable goods data showed a 4.8% jump, the highest in a year, stoking further expectations of higher demand.

Zinc trading range for the day is 181.9-205.1.Zinc prices rallied on bets that demand was picking up faster than supply amid a broad-based rally across the metals complex. Markets have long believed zinc was heading for a supply shortfall as demand picked up.The zinc market is expected to see a 400,000 tonne deficit this year, but this could easily be offset by inventories.

Nickel trading range for the day is 769-818.Nickel prices gained tracking firmness in other base metals boosted by an improving demand outlook. The supply shortfall in the nickel industry signaled an ideal time to purchase large quantities of the metal.Nickel weekly stocks at Shanghai exchange came down by 281 tonnes.

Menthaoil trading range for the day is 916.8-977.2.Mentha oil spot at Sambhal closed at 1067.00 per 1kg. Spot prices is up by Rs.5.00-.Mentha oil prices ended with gains taking cues from less arrivals in the major physical markets.At Chaundasi Estimated market supply was at 12 Drums (1-drum-180kg), down by 8 Drums (1-drum-180kg) as compared to previous day.According to sources, fears of lower output and rising demand hoarders have started hoarding mentha oil.

Soyabean trading range for the day is 3074-3132.Soyabean prices dropped tracking weakness in spot demand and overseas prices on higher supply in global market.Arrivals at the spot markets increased week on week to 4.5 lakh bags.NCDEX accredited warehouses soyabean stocks gained by 985 tonnes to 91805 tonnes.At the Indore spot market in top producer MP, soybean dropped -4 rupee to 3114 rupee per 100 kgs.

Jeera trading range for the day is 18110-19100.Jeera prices gained on the back of lower arrival in the mandis and fresh export demand.Current year Jeera sowing completed around 36600 hectares as compared to last year same period 18000 hectares.NCDEX accredited warehouses jeera stocks dropped by 15 tonnes to 174 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 187.5 rupees to end at 18800 rupee per 100 kg.

Naturalgas trading range for the day is 213.3-224.9.Natural gas prices rose to a one-month high, as cooler forecasts continue raising expectations for increased demand.Baker Hughes reported that the US natural gas rig count rose by two to 118 rigs.EIA estimates that US natural gas production will fall in the seven shale regions by 94 mcfd to 46,951 mcfd in December 2016.