Gold trading range for the day is 31494-31994.Gold rose as political turmoil following Britains vote to leave the European Union supported prices after a burst of short-covering activity in China.Britains vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy. Hedge funds and money managers raised their bullish positions in COMEX gold and silver contracts to record highs in the week to June 28.Gold demand in Asia remained sluggish this week as higher prices continued to deter physical traders from making fresh purchases, with discounts in India widening to a record high.

Zinc trading range for the day is 139.6-146.8.Zinc dropped on profit booking tracking weakness in LME prices on hopes for more stimulus after data showed manufacturing sector growth stalled in June.Activity in Japans services sector contracted in June as new business shrank the fastest in almost five years, adding to worries that the economy is losing momentum.U.S. markets are closed on Monday for the U.S. Independence Day holiday, so trading remained thin on the day.Warehouse stock for Zinc at LME was at 442100mt that is down by -600mt.

Nickel trading range for the day is 649.8-714.6.Nickel pared gains on profit booking and settled up after prices crossed 700 mark earlier in the day as worries over possible mine closures in the Philippines persisted.LME Nickel hit $10,410 a tonne, its highest since late October, helped by news that the Philippines, will review all mines operating in the country.The Bank of England publishes its quarterly financial stability report Tuesday and the June Fed meeting minutes are released Wednesday.Warehouse stock for Nickel at LME was at 378114mt that is down by -1452mt.

Menthaoil trading range for the day is 823.4-846.6. Mentha oil spot at Sambhal closed at 918.70 per 1kg. Spot prices is down by Rs.-1.80/-. Mentha oil dropped tracking subdued demand from consuming industries in the domestic spot market. Besides, higher arrivals from major producing regions of Chandausi in Uttar Pradesh also influenced mentha oil. At Bareilly market arrivals were reported at 3 Drums(1-drum-180kg), lower by 3 Drums(1-drum-180kg) from previous day’s arrivals.

Soyabean trading range for the day is 3784-3946. Soyabean gained after reports that India’s soybean output is estimated to be the lowest in 11 years in crop year 2015-16. Soybean output during 2015-16 slipped 27% to 7.5 million tons compared to 10.4 million tons in the previous year, the report said. NCDEX accredited warehouses soyabean stocks dropped by 793 tonnes to 21284 tonnes. At the Indore spot market in top producer MP, soybean dropped -34 rupee to 3817 rupee per 100 kgs.

Turmeric trading range for the day is 7758-8318. Turmeric prices dropped on good sowing progress in the producing belts of Karnataka and Tamilnadu. Though, some losses were capped on good upcountry demand in the physical market. NCDEX accredited warehouses turmeric stocks gained by 60 tonnes to 5652 tonnes. In Nizamabad, a major spot market in AP, the price ended at 8488.2 rupees remains unchanged at0 rupees.

Jeera trading range for the day is 17495-18145. Jeera settled flat on profit booking after seen supported earlier amid good demand in the physical market and lower arrivals. As per third advance estimate of Gujarat State for 2015-16, production is pegged at 213,000 ton up by nearly 7% from a year ago. NCDEX accredited warehouses jeera stocks gained by 140 tonnes to 3244 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -142.15 rupees to end at 17892.85 rupee per 100 kg.

Aluminium trading range for the day is 109.5-113.1. Aluminium slipped as prices took a breather after rallying on expectations of stimulus measures in China and Britain. However downside were limited as industrial firms in China increased their purchases of the metal in liquid form, creating a shortage of ingots. Weekly data showed aluminium inventories on the Shanghai Futures Exchange (ShFE) slid 11.5 percent to 163,664 tonnes. Warehouse stock for Aluminium at LME was at 2375075mt that is down by -7025mt.

Naturalgas trading range for the day is 191.6-200.6.Natural gas prices declined for the first time as investors cashed out of the market to lock in gains.Volumes were thin, as U.S. financial markets are closed for the Independence Day holiday. Total US natural gas storage stood at 3.140tcf, 18.5% higher than levels at this time a year ago.In the week ahead, market players will be focusing on weekly U.S. storage data on Thursday for fresh supply-and-demand signals.

Copper trading range for the day is 328.4-339.2.Copper prices dipped after rallying earlier in the session on hopes for China taking more action to stimulate its economy and on a weaker dollar outlook.Growth in Chinas manufacturing sector stalled in June, an official survey showed, adding to expectations that Beijing will have to roll out more stimulus soon.Investors were also betting that the Federal Reserve would hold off on raising interest rates this year, instead of doing so twice as officials had projected.Warehouse stock for Copper at LME was at 188400mt that is down by -725mt.

Crudeoil trading range for the day is 3228-3346. Crude oil pared gains after comments by Saudi Energy Minister that the market was heading toward balance were tempered by slowing demand in Asia. The energy minister of Saudi Arabia and the secretary general of producer club OPEC agreed that global oil markets were heading towards balance. Russian oil output in June rose slightly from the previous month to 10.84 million bpd. In Norway, oil workers signed a deal on Saturday, avoiding a strike in western Europe s top producer.

Silver trading range for the day is 45500-50308. Silver surge of as buying in China, rising more than 8 percent in lat 2 days reaching $21 for the first time in two years. The gold/silver ratio fell to a two-year low on Monday as silver extended gains after its biggest weekly rise in nearly three years. Uncertainty leads to volatility in financial markets and to a rush into safe havens such as bonds and bullion Hedge funds and money managers raised their bullish positions in COMEX silver contracts to record highs in the week to June 28.