Precious metals (Gold and Silver) prices are trading little changed on MCX today. We expect a fall in the prices of precious metals for the day on account of weak Chinese economic data and a stronger US dollar overseas.
Industrial/Base metals prices are trading a tad higher on international bourses. We do not expect any major rise in the prices of industrial metals on account weak Chinese economic data with respect to its GDP and industrial production.
Crude oil prices are trading higher on MCX today. We expect crude oil prices to remain firm on account of better Chinese oil demand and better US housing data. Buying at dips is recommended for the day.
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