Wednesday, 31 August 2016

Indian Commodity Market Buzz ; Gold Climbs Rs 39 on Positive Global Cues

Gold prices were up by Rs 39 to Rs 30,860 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 39 or 0.13 percent to Rs 30,860 per 10 grams in a business turnover of 773 lots. 

Read more Live Commodity Gold/Silver Market News at: www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.

The yellow metal for delivery in December gained Rs 30 or 0.10 percent to Rs 31,038 per 10 gm in 16 lots. Market analysts attributed the rise in gold prices at futures trade to positive global cues. Meanwhile, gold was trading 0.24 percent higher at USD 1,313.70 an ounce in Singapore.

Silver Silver trading range for the day is 43682-44448.   Silver dropped as investors focused on the next set of U.S. data to see whether it supports  expectations that Fed will raise interest rates soon.   Fed’s Fischer said the U.S. job market is nearly at full strength and that the pace of rate  increases by the Fed will depend on how well the economy is doing.

The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.63 per barrel (bbl) on 30.08.2016. This was lower than the price of US$ 47.14 per bbl on previous publishing day of 29.08.2016.

Tuesday, 30 August 2016

Commodity Market Bullish ; Gold Futures Soften on Weak Global Cues

The current scene in the commodity market can best be termed as a bit bullish. Production is rising in response to a certain surge in demand. Good monsoon is likely to enliven the agriculture sector and with that the increase in rural income is to translate into higher growth in demand for consumer goods and houses. 

For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

The commodity prices are indeed moving up, but not uniformly across all products. From the next month onward with the additional income in the hands of government employees, the boost in demand for household goods, real estate, automobile and travel would benefit these segments a great deal. The incoming festive seasons would only contribute positively.

Gold futures on August 30 fell 0.16 per cent to Rs 31,026 per 10 gram as speculators reduced their bets amid a weak global trend. In futures trading at the Multi Commodity Exchange, gold for delivery in October fell Rs 49, or 0.16 per cent, to Rs 31,026 per 10 gram, in a business turnover of 809 lots. Similarly, metal prices for delivery in far-month December declined Rs 35, or 0.11 per cent, to Rs 31,220 per 10 gram in 41 lots.

Monday, 29 August 2016

Today Commodity Market News ; Gold Inches Down on Steady Dollar

Gold edged lower early on Monday as the dollar strengthened after hawkish comments from Federal Reserve Chair Janet Yellen left the door open for a US interest hike as early as next month.For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Gold prices stayed soft as it fell by Rs 50 to Rs 31,200 per 10 grams today, reflecting a weak trend overseas amid muted demand from jewellers in the domestic spot market. Silver also dropped Rs 300 to Rs 44,400 per kg on reduced off take by industrial units and coin makers.

Silver also dropped Rs 300 to Rs 44,400 per kg on reduced off take by industrial units and coin makers.Globally, gold lost 0.4 percent to USD 1,316.09 an ounce, the lowest since July 27 in Singapore. Besides, sluggish demand from jewellers and retailers at the domestic spot market weighed, they said. In the national capital, gold of 99.9 percent and 99.5 percent purity declined Rs 50 each to Rs 31,200 and Rs 31,050 per 10 grams, respectively. The precious metal had gained Rs 100 in Saturday's trade.

Following gold, silver ready drifted lower by Rs 300 to Rs 44,400 per kg and weekly-based delivery by Rs 205 to Rs 43,770 per kg. Silver coins, however, remained flat at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces. Gold is highly-sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

Friday, 26 August 2016

Latest Indian Commodity Market Updates ; सोने में हल्की बढ़त, क्या करें ?

घरेलू बाजार में सोना हल्की बढ़त दिखा रहा है। लेकिन ग्लोबल मार्केट में ये पिछले एक महीने के निचले स्तर पर है। सोने में बेहद छोटे दायरे में कारोबार हो रहा रहा है। हालांकि चांदी में तेजी आई है। दरअसल चांदी को आज बेस मेटल्स से सपोर्ट मिला है। यहां हम बता रहे हैं ऐसे शेयर जो रहेंगे आज खबरों में और जिनपर होगी बाजार की नजर। मार्केट की सटीक जानकारी के लिए क्लिक कीजिए अभी www.marketmagnify.com/freetrial.php और हमारे एक्सपर्ट की राय जानने के लिए दीजिए अभी मिस्ड कॉल इस नंबर पर :-  0787-988-1122:-

फिलहाल एमसीएक्स पर सोना 0.2 फीसदी की बढ़त के साथ 30990 रुपये पर कारोबार कर रहा है। चांदी 0.5 फीसदी की तेजी के साथ 43855 रुपये पर कारोबार कर रही है। कल की गिरावट के बाद आज घरेलू बाजार में कॉपर और निकेल समेत सभी मेटल का दाम बढ़ गया है। हालांकि गौर करने वाली बात ये है कि इस पूरे हफ्ते के दौरान कॉपर और निकेल में भारी गिरावट देखने को मिली है। 

एमसीएक्स पर कॉपर 0.7 फीसदी की मजबूती के साथ 310 रुपये पर कारोबार कर रहा है। निकेल 0.75 फीसदी की तेजी के साथ 661.6 रुपये पर कारोबार कर रहा है। एल्युमिनियम में 0.5 फीसदी, लेड में 0.6 फीसदी और जिंक में 0.75 फीसदी की बढ़त दिख रही है।

वहीं एग्री कमोडिटी में आज भी सोयाबीन में बिकवाली हावी है। घरेलू बाजार में इसका दाम इस हफ्ते करीब 4 फीसदी गिर गया है। वहीं जीरे की शुरुआती तेजी खत्म हो गई है और इसका दाम 18000 रुपये के नीचे आ गया है। इस बीच इंटरनेशनल ग्रेन काउंसिल ने गेहूं और मक्के की रिकॉर्ड पैदावार की उम्मीद जताई है। ऐसे में इनकी कीमतों पर भी दबाव है।

Thursday, 25 August 2016

Today Live Gold Silver Market News ; Silver Bull Run Just Getting Started

Climbing for the second straight day, gold prices advanced by Rs 50 to Rs 31,250 per 10 grams today on increased buying by jewellers at the domestic spot market amid positive global cues. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Commodity Market Fundamentals show the bull run has just started in silver and investors should keep patient to reap multi-fold gain in this precious metal. 

Gold logs modest gains on jewellers' buying, overseas trend : 
Globally, gold rose 0.15 per cent to $1,338.90 an ounce, sovereign, remained unchanged at Rs 24,300 per piece, In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose further by Rs 50 each to Rs 31,250 and Rs 31,100 per 10 grams, respectively. It had gained Rs 150 on Tuesday. Sovereign, however, remained unchanged at Rs 24,300 per piece of eight grams in limited deals.

On the other hand, silver ready dropped Rs 325 to Rs 45,075 per kg and weekly-based delivery Rs 290 to Rs 44,490 per kg. Silver coins, however, held steady at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces. However, silver retreated Rs 325 to Rs 45,075 per kg because of reduced off-take by industrial units and coin makers.

It has been a good year for precious metals, particularly for gold and silver. If we look at gold, it has performed 28 per cent while silver has out shined gold and gained by nearly 40 per cent year to date.

Wednesday, 24 August 2016

Commodity Market ; Gold Prices Hold up Well, Silver remains Vulnerable

This morning the base metals remain little changed, zinc is off 0.4 percent at $2,293, nickel is up 0.2 percent and the rest are between plus or minus 0.1 percent. Volume has picked up to 4,330 lots, up from an average of 3,013 lots last week. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Precious metals are mixed, gold prices are off 0.1 percent, silver is little changed, while the PGMs are up around 0.4 percent. Equities turned bullish again yesterday with the Euro Stoxx 50 up 1.1 percent, the Dow closed up 0.1 percent, but this morning Asia is mixed. The Nikkei is up 0.5 percent, the ASX 200 is up 0.1 percent, the CSI 300 is off 0.1 percent, the Kospi is down 0.3 percent and the Hang Seng is down 0.8 percent.

Gold was trading in a narrow range on Wednesday as investors waited for clues on whether the US Federal Reserve would hike interest rates this year. Spot gold was flat at $1,337.30 an ounce at 0335 GMT. US gold slipped 0.3 per cent to $1,341.60 an ounce. Spot gold may revisit its August 22 low of $1,331.35 within the next 24 hours, according to Reuters technical analyst Wang Tao.

Tuesday, 23 August 2016

Live Commodities Buzz: Indian Crude Oil Basket Above $48 Levels


The prices of Crude Oil finally hit road blocks as traders started booking profits after six consecutive days of gains. Crude Oil declined 2.3% to Rs 3216 per barrel. The resistance zone for Crude Oil is strong with Crude Oil at Rs 3300 per barrel. The prices of Crude Oil are supported at Rs 3150 per barrel. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 48.02 per barrel (bbl) on 19.08.2016. This was higher than the price of US$ 47.75 per bbl on previous publishing day of 18.08.2016. 

In rupee terms, the price of Indian Basket increased to Rs. 3213.73 per bbl on 19.08.2016 as compared to Rs. 3189.36 per bbl on 18.08.2016. Rupee closed weaker at Rs. 66.93 per US$ on 19.08.2016 as against Rs. 66.79 per US$ on 18.08.2016.

COMEX Gold dropped further yesterday, extending its recent spree of losses on Fed rate hike worries. The metal tested its three week low. A quick surge in US dollar and concomitant drop in commodities also weighed on the yellow metal.

Mild buying has emerged in Asia though and the commodity currently trades at $1342 per ounce, almost unchanged on the day. MCX Gold futures ended around Rs 31380 per 10 grams yesterday and are likely to see a muted session today. Lows around Rs 31200 can trigger some buying.

Monday, 22 August 2016

Live Commodity Market ; Gold Hits One-Week Low on US Rate Hike Prospects

Gold fell on Monday to its lowest in over a week as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a US rate hike this year.Festive demand, 7th Pay Commission payout will boost gold, year end target Rs 35,000. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

GOLD FUNDAMENTALS :-
* Spot gold was down 0.3 percent at $1,337.12 an ounce at 0101 GMT, after touching a low of $1,334.20, a level not seen since Aug. 12. * U.S. gold dropped 0.4 percent to $1,341.20 an ounce.
* The Fed is close to hitting its targets for full employment and 2 percent inflation, the Fed’s No. 2 policymaker Stanley Fischer said on Sunday in comments that did not address when the U.S. central bank should next raise interest rates.
* New York Fed President William Dudley said last week a rate hike would be possible at the Fed’s next policy meeting in September, though interest rate futures contracts indicate that market is pricing in about 50/50 odds of an increase in December.
* Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from Aug. 25 for an annual meeting in the mountains of Jackson Hole, Wyoming, with Chair Janet Yellen due to speak the following day.
* Japanese companies overwhelmingly say the government’s latest stimulus will do little to boost the economy and the Bank of Japan should not ease further, a Reuters poll showed, a setback for policymakers’ efforts to overcome deflation and stagnation.
* The dollar index, which tracks the greenback against a basket of six major rivals, was up 0.3 percent in early trade at 94.796, pulling away from last week’s low of 94.077, which was its weakest since June 24.

Wednesday, 17 August 2016

Today Market News ; Coal becomes One Of the Hottest Commodities of 2016

Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Cargo prices for Australian thermal coal from its Newcastle terminal, seen as the Asian benchmark, have soared over 35 percent since mid-June to more than one-year highs of almost $70 a tonne, pushed by surprise increases in Chinese imports. “Chinese regulators have assumed the role that markets traditionally play in bringing oversupplied commodities back to balance,” Goldman Sachs said in a note to clients late on Tuesday, reversing a gloomy outlook it issued last September.

Gold‬ demand in India expected to pickup in second half of 2016:
The global economic crisis will continue to drive the demand for gold and silver worldwide. Bullion experts at the India International Gold Convention (IIGC) organized by Foretell Business Solutions Ltd. 

Unanimously expressed that global demand will continue to remain strong, and price higher. Ultra-low real interest rates in the USA and elsewhere will continue to drive the demand for both the metals globally. Gold is expected to remain above $1270 per ounce, while silver will continue to remain above $17 per ounce in London market.

“In India, demand will pick up in the second half of calendar 2016 after a dismal first half. High unofficial imports, high price, imposition of excise duty and subsequent strike by jewellers had impacted the demand of gold in the first half. Demand is expected to come back and price discounts expected to narrow from October. 

Tuesday, 16 August 2016

Today Live Commodity Market News ; Gold Stays Up On Global Cues

Gold prices advanced for a second day by gaining Rs 55 to Rs 31,130 per 10 grams at the bullion market today, tracking a firming trend overseas amid increased buying by jewellers to meet rising demand from retailers at domestic spot market. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Silver also recovered by Rs 500 to Rs 47,000 per kg due to increased offtake from coin makers and other consuming industries. Traders said a firming trend overseas where gold advanced amid speculation that the US central bank will be slow to raise interest rates, with investors counting down to the release of the Federal Reserve's minutes of its July meeting as the dollar declined, mainly buoyed the sentiment here.

Globally, gold rose 0.6 percent to USD 1,347.16 an ounce and silver by 0.56 percent to USD 19.85 an ounce in Singapore. Besides, an increased buying by jewellers to meet festive season demand from retailers at domestic spot markets supported the upside, they said. In the national capital, gold of 99.9 percent and 99.5 percent purity gained Rs 55 each to Rs 31,130 and Rs 30,980 per 10 grams respectively. It had edged up by Rs 25 in Saturday's trade.

Sovereign, however, remained steady at Rs 24,300 per piece of eight grams. Tracking gold, silver ready rebounded by Rs 500 to Rs 47,000 per kg while weekly-based delivery by Rs 625 to Rs 46,750 per kg. Silver coins, however, remained flat at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

Friday, 12 August 2016

Friday Commodity Market ; Asia Gold-Elevated Prices Curb Demand in India

Gold remained weak for the second day by losing Rs 75 to Rs 31,050 per 10 grams at the bullion market today largely in line with a weakening global trend amid sluggish demand from jewellers at domestic spot market. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Silver followed suit and lost Rs 100 to Rs 46,850 per kg. Traders said sentiment remained bearish on the back of a weakening global trend where gold declined as speculation that central banks will remain supportive of growth underpins gains in global equities, curbing demand for a haven. Globally, gold fell 0.04 percent to USD 1,337.70 an ounce in Singapore.

Furthermore, easing demand from jewellers as well as retailers at the domestic spot market fuelled the downtrend, they said. In the national capital, gold of 99.9 percent and 99.5 percent purity declined by Rs 75 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively. The precious metals had lost Rs 155 in yesterday's trade. 

Sovereign, however, remained steady at Rs 24,300 per piece of eight grams. Following gold, silver ready traded lower by Rs 100 to Rs 46,850 per kg and weekly-based delivery by Rs 275 to Rs 46,555 per kg. Silver coins, however, remained unaltered at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

Physical gold demand in Asia was muted this week as higher prices turned off buyers, with discounts in India widening ahead of a festive season that could spur appetite in the world’s second largest consumer. Gold, often perceived as a hedge against financial uncertainties, has risen about 26 percent this year to trade at $1,339 an ounce on Friday.

Thursday, 11 August 2016

Today Commodity Market ; India's Gold Demand May Rise in the Second Half of 2016

India's gold demand may rise in the second half of 2016 after falling to the lowest in seven years in the first half as beneficial monsoon rains will spur rural demand during the peak festive season.Gold held steady early on Thursday after rising slightly in the previous session, with lower expectations for a U.S. rate hike weighing on the dollar. Read more Live Commodity Gold/Silver Market News at: www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.

GOLD FUNDAMENTALS :- 
* Two-thirds of demand in India, the world's second-biggest gold consumer, comes from villages. Consumption of the yellow metal should rise as farmers reap the benefit of this year's monsoon and that should further support the global bullion price that is trading near the highest since March 2014

* Rural demand has fallen in the past few quarters after the first back-to-back drought in nearly three decades squeezed farmers' earnings. India is forecast to receive surplus rainfall during the June to September monsoon season. The quarter ending in December typically accounts for about a third of India's gold sales since it includes the start of the wedding season and festivals like Dhanteras and Diwali.

* The U.S. dollar struggled to gain traction, amid doubts over whether the Federal Reserve will raise interest rates this year. The dollar index, which measures the greenback's value against a basket of major currencies, last traded at 95.554 , holding within sight of a near one-week low of 95.442 set on Wednesday.

* Gold consumption in China and India, the world's top two buyers, is set to drop 15 to 20 percent in 2016 after lower investment demand and jewellery sales, said an official at a leading importing bank.

Wednesday, 10 August 2016

Live Commodity Market Updates ; Gold climbs as dollar falls on weak US data

Today in Commodity Market Gold rose early on Wednesday, holding gains from the previous session as the dollar fell, with investors evaluating the likelihood of a Federal Reserve rate hike after a weak U.S. productivity report. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

GOLD FUNDAMENTALS UPDATES :-
* Spot gold had risen 0.4 percent to $1,346.18 an ounce by 0107 GMT. Bullion ended up 0.4 percent on Tuesday.
* U.S. gold was up 0.4 percent at $1,352.10 an ounce.
* Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Fed interest rate increase following weak U.S. productivity data, which drove the dollar and Treasury yields lower.
* The dollar index, which gauges the greenback against a basket of six major currencies, fell 0.4 percent to 95.831 .
* An unexpected drop in productivity may confirm the Fed’s worst fears of a U.S. economy slipping into an extended period of slow growth with little it can do about it.
* British industrial output grew at the fastest rate since 1999 in the second quarter of this year, with “very few” respondents reporting an impact from uncertainty around June 23’s vote to leave the European Union.
* Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.12 percent to 972.62 tonnes on Tuesday.

Wednesday, 3 August 2016

August Silver Commodity Market ; Price of Silver Hits Two-Year Highs on Dollar Weakness

The dollar remained on the defensive during Tuesday and helped push silver prices to two-year highs above $20.80 per ounce with wider demand for precious metals also in evidence during the day. Silver dipped lower in Asian trading on Tuesday, although overall losses were limited as prices held comfortably above the $20.00 level. Read more Live Commodity Gold/Silver Market News at: www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.

Gold stays on upward curve; global cues, buying spree help :-
Taking comfort from firm global developments and increased buying by jewellers at the domestic market, gold rose for the second straight day by surging Rs 220 to Rs 31,250 per 10 grams today. Silver bounced by Rs 470 to Rs 47,820 per kg backed by increased demand from coin makers and other consuming industries. 

In the national capital, gold of 99.9 percent and 99.5 percent purity surged Rs 220 each to Rs 31,250 and Rs 31,100 per 10 grams respectively. It had gained Rs 50 yesterday. Sovereign followed suit and jumped Rs 100 to Rs 24,300 per piece of eight grams. 

Tracking gold, silver ready recovered Rs 470 to Rs 47,820 per kg while weekly-based delivery recaptured the crucial 48,000-mark by rising Rs 655 to Rs 48,400 per kg. Silver coins, too, spurted by Rs 1,000 to Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

Tuesday, 2 August 2016

Indian Gold Silver Commodity Market News ; Silver Boom is Coming

Silver is managing to hold onto most of its gains since the start of 2016. The Indian commodity market raced higher in recent months, before pausing and retracing, and the metal is now trading back over US$20 an ounce.That is a 47% gain for the year. Read more Live Indian Commodity Gold/Silver Market News at: www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.
 
Silver is managing to hold onto most of its gains since the start of 2016.Overnight spot silver touched a 3-week high of US$20.64 an ounce .

Gold was static on Friday with prices ending above Rs 31500 per 10 grams. The session on the day hardly had decisive moves. Yellow metal closed at Rs 31545 per 10 grams, down 0.01%. The yellow metal support levels are at Rs 31400 and 31350 per 10 grams. 

On the higher side Rs 31650 and 31800 per 10 grams are the cap to watch out for. Gold tested a high of Rs 31550 per 10 grams and Rs 31358 per 10 grams as low. Gold on MCX settled down -0.11% at 31562 traded in the range while sentiments remain firm amid uncertainty about the Federal Reserve interest rate outlook.

MCX Crude Palm Oil market under short covering
Oil prices edged up in early trading on Tuesday after US crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production.

Monday, 1 August 2016

Get August Indian Commodity Market Updates ; Gold Futures Marginally Down on global Cues

Gold futures marginally down on global cues, profit-booking ; Gold futures marginally down on global cues, profit-booking At Multi Commodity Exchange, gold for delivery in far-month October fell by Rs 66 or 0.21 per cent to Rs 31,530 per 10 grams in business turnover of 654 lots. For more Latest Live Indian Commodity Market News and free bullion trading tips just click here www.marketmagnify.com/freetrial.php or give a One Missed Call @7879881122.

Gold prices slip as equities rise, dollar recovers :-
Gold edged down slightly on Monday, after rising over one percent to a near 3-week high in the previous session, as equities rose and the dollar recovered from lows hit after disappointing U.S. growth figures last week. Spot gold fell 0.3 percent to $1,346.89 an ounce at 0056 GMT.

Bullion hit a high of $1,355.10 on Friday, its highest level since July 12. U.S. gold was down 0.3 percent at $1,354 an ounce. The U.S. Commerce Department reported on Friday that the U.S. economy grew at a 1.2 percent annual rate in the second quarter, much less than expected, as inventory investment fell for the first time in nearly five years.

The Gold metal for delivery in August contracts traded lower by Rs 59 or 0.19 per cent to Rs 31,490 per 10 grams in 171 lots. Analysts said offloading of positions by traders to book profits at current levels and a weak trend in the overseas markets mainly influenced gold prices at the futures trade.Globally, gold traded lower by 0.03 per cent to USD 1,350 an ounce in Singapore.