CNBC Awaz's Commodities Editor, Manisha Gupta : Crude: It has opened with strength in the Indian markets today mirroring the international markets. Crude prices continue to trade near record highs. USD 124.6/bbl is what we have done just 30 scents down from those all time highs. On MCX it was Rs 7 of a gain yesterday and Rs 77 on the higher side is how MCX May contract is opened today.

Gold : Good gains for gold prices also. Good gains in crude prices have led to support in the prices here. USD 865/oz was the low yesterday and markets touched a high of USD 888/oz on that one. On MCX the calculation is just more higher on rupee depreciation and after Rs 207/10 gm of gains yesterday a bit of profit taking is what  you are looking at right now but it is well supported at Rs 11,700/10gm on the lower side in the case of MCX.

Base metals: For base metal prices even though the US data is on the higher side it is the strength in US dollar which is putting pressure on the prices. We have seen continuous decline across the board in that metal complex and the inventories have also gone on a higher side, so it’s indicating there is not too much of buying happening from major consumers there. Also the end in chilli strike is another factor that has been pressurizing the prices. On MCX we saw a Rs 2 loss yesterday and half a rupee on the lower side is how the markets opened on MCX June contract today.