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Gold trading range for the day is 30743-31415. Gold prices fell as safe-haven demand dwindled after stocks in major markets largely recovered from a sell-off. Safe-haven demand had supported bullion until the market turned its attention to U.S. economic data. SPDR gold trust holdings dropped by 0.13% i.e. 1.19 tonnes to 947.95 tonnes from 949.14 tonnes.

Silver trading range for the day is 44804-47350. Silver dropped as investors weighed concern about Europes banking woes against heightened expectations of a Fed rate increase in December. Data showed that U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating. Holdings at ishares silver trust dropped by 0.16% i.e. 17.71 tonnes to 11270.04 tonnes from 11287.75 tonnes.

Crudeoil trading range for the day is 3117-3271. Crude oil prices gained on OPECs planned output cuts, even as skepticism about the cartels pledge grew. U.S. oil demand fell in July on a year-over-year basis for the first time in six months, as gasoline sales could not overcome weak distillate demand. Total oil demand in July fell by 1.3 percent, or 267,000 barrels per day (bpd), from a year ago to 19.712 million bpd, EIA data showed.

Copper trading range for the day is 322.1-332.5. Copper prices ended with gains as optimism over demand growth helped it catch up with other commodities. Prices also seen supported amid data indicating that Chinas manufacturing sector has steadied in recent months. Chinas Caixin manufacturing PMI for September at 50.1 was as expected and close to Augusts reading of 50.

Zinc trading range for the day is 154.4-161.6. Zinc prices ended with gains bolstered by tighter supply and falling inventories. A recent report from ILZSG found the global market for refined zinc was in deficit from January to July, with total reported inventories declining. Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 26,500 to 247,900 tonnes this past week.

Nickel trading range for the day is 681.1-725.1. Nickel gained tracking LME prices closing up 1.3 percent at $10,575 a tonne, below Tuesdays seven-week high of $10,900. Prices gained on concerns the environmental crackdown on mines could intensify. The Philippines said three-quarters of its mines fell
short in an audit, with 20 mines facing suspension.

Menthaoil trading range for the day is 851.2-879.8. Mentha oil spot at Sambhal closed at 998.60 per 1kg. Spot prices is down by Rs.-2.50-. Mentha oil prices gained on the back of surging demand from consuming industries at the spot market. Further, restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices. At Chandausi market, total arrivals are at 15 Drums(1-drum-180kg), higher by 5 Drums(1-drum-180kg) as against previous day.

Soyabean trading range for the day is 3190-3300. Soyabean prices ended with gains tracking firmness in spot demand and improvement in overseas demand. Prices also seen supported on expectation of improved export demand especially from China. Soyabean production is expected to rise due to dry weather conditions in mid west which will boost the harvesting progress. At the Indore spot market in top producer MP, soybean gained 25 rupee to 3216 rupee per 100 kgs.

Turmeric trading range for the day is 7120-7336.Turmeric ended with losses due to higher sowing acreage in the current season. No crop damage reported for Turmeric due to recent heavy rainfall in Telangana. NCDEX accredited warehouses turmeric stocks dropped by 70 tonnes to 5569 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7579.15 rupees remains unchanged at0 rupees.

Jeera trading range for the day is 17355-17595.Jeera prices ended with gains on reports of good demand from up-country buyers. Prices also seen supported to record further gains following poor supplies due to fag-end of the season and hopes of good export demand. NCDEX accredited warehouses jeera stocks dropped by 54 tonnes to 3887 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -34.6 rupees to end at 18069.25 rupee per 100 kg.

Naturalgas trading range for the day is 190.1-200.7. Natural gas prices ended with losses amid expectations that cooler weather will cut into demand for the fuel. Prices also remained under pressure as traders react to the reality that higher summer demand for the commodity is coming to an end. Milder weather in the fall will allow gains in gas inventories to accelerate, pressuring prices for the fuel after futures climbed above $3 per.

Aluminium trading range for the day is 109.9-112.1. Aluminium settled down despite LME prices gains amid optimism over demand growth helped. LME stocks stand at 2.12 million tonnes, down 1 million tonnes or 33 percent so far this year. SHFE stocks, which were last at 83,775 tonnes, have fallen over the past two months amid domestic tightness.