Gold and silver prices in India moved higher today, in line with a strong global rally in precious metals. On MCX, October gold futures moved 0.35% higher to ₹55,290 per 10 gram. September silver futures moved 1% higher to ₹72,600 per kg. In the previous session, gold had risen over 1% or ₹580 per 10 gram, hitting ₹record high of ₹55,597. Silver had surged 3.2% or ₹2250 per kg, extending Tuesday’s ₹4,200 gain.
The US dollar remained under pressure with the dollar index falling 0.2% to near two-year low against its rivals. A depreciation of the US dollar makes gold less expensive for holders of other currencies.
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.