Commodity Opening Bell 

Bullion - Opens on mixed Note Gold -29180-29200 Silver -38970-39000 

Energy - Opens on negative Note Crude Oil -3015-3020 Natural Gas -187.90-188.10 

Base Metals - Opens on mixed Note Copper -414.70-414.90 Nickel -686.70-687 Lead -153.60-153.90 Zinc - 197.50-198 Aluminium -132-132.10

COMMODITY MARKET NEWS

Gold rose for a second day on Thursday after Federal Reserve officials hinted that U.S. interest rates could rise more slowly than expected, while palladium was lifted to a fresh 16-year high by strong industrial metals markets.

We expect gold prices to trade sideways on the back of profit booking after sharp up move.

Silver fell 0.5 percent to $17 an ounce.

We expect silver prices to trade sideways on the back of profit booking after sharp up move.

Oil prices rose on Thursday as renewed attention was put on U.S. oil stockpile declines after an industry report suggested oil inventories at the Cushing, Oklahoma hub were declining. Inventories at Cushing, the delivery hub for U.S. crude futures, declined more than a million barrels in the week to Aug. 15, traders said citing estimates from energy industry information provider Genscape. 

We expect crude oil prices to trade sideways on the back of short covering after drop in prices. 

We expect Natural gas prices to trade negative on the back of profit booking after sharp up-move in prices.