International gold prices also advanced over 1% on Monday as concerns regarding the coronavirus epidemic deepened, turning the investors towards safer havens. Spot gold gained 1.2% to $1,602.90 per ounce by 0104 GMT, while US gold futures rose 1.9% to $1,597.10.
After seeing a sharp fall of 5.5% last week, domestic gold prices recovered slightly on Monday. On the Multi Commodity Exchange (MCX), gold contracts were trading higher by Rs 280, or 0.7%, to Rs 41,677 per 10 gm at 9:20 am. Silver futures also rose by Rs 799, or 1.8%, to Rs 44,778 per kg in the morning.
Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.