Precious metals are trading lower today with international Gold spot prices are trading at $1611.77, down by 0.20% or $3.19 and Silver spot prices are at $29.05, lower by 11 cents. We expect prices to remain in a range with a negative bias for rest of the trading hours. Base metals are trading flat with no major moves till now. Copper on LME is at $7635.00, gaining the most among the group by 0.70%. ON NYMEX Crude and Natural Gas futures are trading slightly higher with 0.24% each at $92.65 and $3.94 respectively. No significant economic releases for the day.