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Gold trading range for the day is 29292-30090.Gold prices dropped as mostly upbeat economic data kept alive expectations for higher U.S. interest rates yet this year.The latest economic snapshot, showinga drop in weekly jobless benefits claims, injected economic optimism ahead of monthly payrolls report.Global market uncertainty, and subsequent calming factors, does continue to inject some volatility in gold markets.

Silver trading range for the day is 40205-43431.Silver prices dropped continuing its weak trend amid growing expectations for a December rate hike by the Federal Reserve.TheU.S. Department of Laborsaid the number of individuals filing for initial jobless benefits decreased by 5,000 to 249,000.First-time claims were the lowest since April, when initial applications for aid were at levels not seen since November 1973.

Crudeoil trading range for the day is 3259-3431.Crude oil rallied underpinned by growing expectations for the worlds largest producers to agree to cut supply.Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of key OPEC producers meeting with Russia, for informal talks next week.Saudi Arabia cut the price of its crudes to Asia for November in a sign that the global fuel glut persists.

Copper trading range for the day is 317.6-323.4.Copper slipped in very low volumes as a stronger dollar weighed and a week-long holiday in China drained the market of direction.Chinas steps to cool its overheated property market may also temper a nascent copper revival.Strong demand from euro zone countries and domestic customers drove a bigger-than-expected rise in German industrial orders in August.

Zinc trading range for the day is 152.9-157.5.Zinc prices dropped as the dollar rose on prospects for an increase in U.S. interest rates this year.Goldman Sachs is staying bullish on zinc prices for the next six months, predicting the metals 50 per cent rally has further to go.There has been a shortage of zinc concentrate raw material this year after major mines shut down and miner Glencore cut production.

Nickel trading range for the day is 665.4-695.6. Nickel prices gained as the Philippines’ nickel production is set to decline this year due to its mining clampdown. Indonesia is finalizing revisions to regulations that will allow exports of processed metal concentrates for a further three to five years. LME nickel inventories fell 276 tonnes to 360,282 tonnes and cancelled warrants jumped 2,406 tonnes to 113,124 tonnes.

Menthaoil trading range for the day is 847-877.8.Mentha oil spot at Sambhal closed at 1008.40 per 1kg. Spot prices is down by Rs.-0.30-.Mentha oil prices ended with gains amid increasing demand from major consuming industries in the domestic spot market.Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices.At Barabanki market arrivals were reported at 300 Drums(1-drum-180kg), up by 50 Drums(1-drum-180kg) as compared to previous day.

Soyabean trading range for the day is 3216-3280.Soyabean dropped on late profit booking after prices gained following reports of crop damages in growing regions.Indias soymeal exports slipped 65% during oil year 2015-16 compared to same period a year ago on weak demand.Informa Economics, forecast U.S 2016 soybean production at 4.3 billion bushels with a yield of 51.6 bushels per acre.At the Indore spot market in top producer MP, soybean gained 28 rupee to 3226 rupee per 100 kgs.

Turmeric trading range for the day is 6968-7192.Turmeric prices dropped on expectation of good crop this season due to increase in acreage.Pressure also seen on forecast of dry weather across turmeric growing states during the second half of October, which may be favorable for crop ripening.NCDEX accredited warehouses turmeric stocks dropped by 115 tonnes to 5141 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7590.75 rupees remains unchanged at0 rupees.

Jeera trading range for the day is 16700-17370. Jeera prices gained on account of tight stocks position following poor arrival from the producing belts. The physical stocks are dwindling with the stockists but anticipation of good crop in the next season limited the upside. NCDEX accredited warehouses jeera stocks dropped by 111 tonnes to 3420 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -95 rupees to end at 17600 rupee per 100 kg.

Naturalgas trading range for the day is 196.8-208.8.Natural gas recovered to end with gains shrugging off government data that showed a much-larger-than-expected addition to stockpiles.The U.S. EIA said in its weekly report thatnatural gas storagein the U.S. rose by 80 billion cubic feet in the week ended September 30.That compared with a gain of 49 bcf in the preceding week, 97 billion a year earlier and a five-year average build of 95 bcf.

Aluminium trading range for the day is 110.2-112.4.Aluminium gains due to firmness in LME prices supported as markets are awaiting the return of Chinese investors from the Golden Week holidayLME aluminium stocks and cancelled warrants both fell 7,575 tonnes to 2,134,300 tonnes and 851,050 tonnes respectively.US ISM non-manufacturing PMI over the same period stood at 57.1, besting the economic consensus of 53.1.