Commodity Opening Bell 

Bullion - Opens on mixed Note Gold -28540-28550 Silver -38150-38120 

Energy - Opens on mixed Note Crude Oil -2965-2966 Natural Gas -189.50-191 

Base Metals - Opens on positive Note Copper -389.20-389.30 Nickel -617-618 Lead -144-144.10 Zinc - 178.70-178.90 Aluminium -122.75-122.65

FUNDAMENTAL NEWS UPDATE

Last week, spot gold prices rose by 2.3 percent to close at $1254.4 per ounce and MCX gold prices rose by 2 percent to close at Rs.28756 per 10 gms. prices hit a more than two-week high supported by expectations of stronger demand from the physical market and as the dollar fell on fading prospects of an imminent increase in U.S. interest rates. Data from consultancy GFMS shows India's gold imports climbed to an estimated 75 tonnes in June from 22.7 tonnes a year earlier. For the first half of the year imports rose to 514 tonnes, up 161 percent year on year. 

WTI oil prices declined by 1.7 percent last week to close at $45.8 per barrel as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7. Markets are keenly watching ahead of Monday's meeting between key OPEC and non-OPEC producers in St. Petersburg, Russia. The market has been watching reports that Saudi Arabia, the world's largest crude producer, is considering an additional supply cut to reduce the global glut. 

LME base metals traded mostly lower last week as global risk appetite fell sharply after opposition of Trump’s Healthcare bill by two more republican senators. MCX base metals traded lower in line with international markets.