Gold prices were higher today in Indian markets, reflecting the same global trend. On MCX, August gold contracts were 0.31% higher at ₹34,637 while October contracts rose 0.08% to₹35,431. Some profit-taking was seen in silver prices, with September contracts on MCX falling 0.70% to ₹41,287. In global markets, gold was steady at $1,430.74 per ounce, on track for a third straight month of gains.
Expectations for an interest rate cut by the US Fed and other major central banks have lifted gold prices by over 12% so far this year.
Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés (‘EVBC’) gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp (‘Orvana’). EVBC is located in the Rio Narcea Gold Belt of northern Spain.