Gold gains nearly 0.1%

Domestic Gold prices gained on Monday as a softer dollar rekindled some of bullion’s appeal for overseas buyers. Meanwhile, the rupee depreciated by as much as 28 paise against the US dollar amid a surge in the global oil benchmark.

On MCX, gold rates rose 0.07 percent, touching an intraday high of around Rs 50,130 per 10 gram at 1:38 pm. Meanwhile Silver prices were up 1.44 percent, at nearly Rs 57,680.Also, fresh positions built up by participants led to the rise in gold prices, analysts were quoted by PTI as saying.

Globally, gold was trading 0.19 percent higher at USD 1,675.10 per ounce in New York in early trade.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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