We expect gold to trade with a positive bias in the evening session today, as sharp rise in China’s annual inflation will lead to boost inflation-hedge demand for gold. Silver is expected to trade lower on account of a stronger dollar index. In the evening session, we expect crude oil prices to trade with negative bias on the back of sluggish demand growth from China along with strength in dollar index.
Base metals complex are expected to trade lower on the MCX today. However, less volatility will be observed in trading of base metals today as the London Metal Exchange is closed for the Easter Monday Holiday.
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