Precious metals are trading higher on MCX commodity market today. We expect prices to trade range bound with a positive bias for the day. Gold may touch Rs. 28,000 and Silver may go down and touch Rs. 57,000 in upcoming trading session. All base metals are trading on a flat note today. Industrial metals are trading lower on International bourses today. We expect prices to trade lower for the day on account of worries over the global growth. MCX Copper is trading in the range of Rs. 432-436 today. Crude oil is trading higher on MCX today. We expect prices to remain under pressure on account of possibility of a release of strategic oil reserves. It is trading in the range of Rs. 5280-5320 in today's trading session.
