Precious metals are trading higher on MCX commodity market today. Today MCX Gold is trading above Rs. 28,200 and Silver is trading in the range of Rs. 57,500-57,800. We expect prices to trade higher for the day. All base metals are trading on a negative note today. Support for April copper is seen at Rs.432 while resistance is seen at Rs.444. We expect prices to trade lower for the day on account of hopes of a fresh round of monetary easing. Crude oil is trading flat on MCX today. Crude oil is trading in the range of Rs. 5440-5500. We expect prices to trade range bound for the day.
