Precious Metals are trading slightly lower today with Gold futures at $1778.35/oz, down 0.16% whereas Silver is at $18.06/oz, up 0.05% currently. Bullions have steady over the last two days after price rose sharply to test resistance near $1800.0 as worries over further lockdowns, weakened economy and geopolitical tensions continued to support prices. We expect prices to trade with a slightly negative bias today with traders shifting focus to macro releases due tomorrow for further direction. MCX Gold is testing strong support at 48200 breaking which we expect further short selling to push prices to 48000 and possibly lower in the evening session today. Silver Sep is expected to remain resilient and only a break below support at 49000 would see prices decline to 48700-48500 in the evening session.