Gold Futures Jump Nearly 2% Amid Coronavirus

Gold prices spiked on Wednesday as the government imposed a 21-day pan-India lockdown to curb the spread of the deadly coronavirus (COVID-19) pandemic. MCX gold futures strengthened by Rs 721 per 10 grams – or 1.74 per cent – from their previous close to touch Rs 42100.00 per 10 grams at the strongest level of the day, before trimming some of those gains. At 11:45 pm, the gold futures contract (delivery on April 3) was up 1.57 per cent (Rs 649.00 per 10 grams) at Rs 42,028.00 per 10 grams, compared with the previous close of Rs 41,379.00 per 10 grams. 

Gold jewellery prices vary in different parts of India – the second largest consumer of the precious metal – due to factors such as excise duty, state taxes and making charges. 

Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Panthera Resources Plc

More articles like this

Panthera Resources Plc

Gold ticks up as stimulus hopes outweigh firmer dollar

Gold prices inched higher on Tuesday after hitting a 1-1/2-month low in the previous session, as hopes of further global stimulus to stem the economic toll from the COVID-19 pandemic countered a firmer dollar. Spot gold rose 0.1%

Panthera Resources Plc

Gold prices increase today

Gold and silver moved higher in Indian markets, tracking positive global cues. On MCX, February gold futures were up 0.74% to ₹49,410 per 10 gram while silver prices gained 0.57% to ₹66,279 per kg. In the previous session, gold rates

Panthera Resources Plc

Gold prices rise today

Gold and silver prices in India today edged higher, recovering from a sharp fall in the previous session. On MCX, gold futures edged 0.54% higher to ₹50,781 per 10 gram while silver futures advanced 0.23% to ₹69,580 per kg. In

Panthera Resources Plc

Gold prices surge today in Indian markets

Gold and silver prices today surged in Indian markets, tracking similar global trends. On MCX, February gold futures jumped ₹600 to ₹50,826 per 10 gram while silver rose ₹1,700 to ₹69,800 per kg. Gold prices had been trading in a very narrow

Panthera Resources Plc

Gold prices jump to one-month high

Gold and silver prices surged today in Indian markets tracking firm international prices. On MCX, February gold futures jumped 1.4% to one-month high of ₹51,009 per 10 gram while silver futures surged 5.4% or ₹3,600 to ₹71549 per kg. In the

Panthera Resources Plc

Gold prices zoom above Rs 50,000/10 gm

Gold prices crossed Rs 50,000 per 10 gram for the first time since November 23 in the Mumbai retail market on weakness in the US dollar. The precious metal traded higher on the prospects for more stimulus measures

Panthera Resources Plc

Panthera Resources term sheet with Galaxy has been extended

Panthera Resources plc (LON:PAT), the gold exploration and development company with assets in India and West Africa, has announced that it has amended the term sheet with Galaxy Gold Mines Pvt Limited as announced on 17 June 2020.