Gold prices started this month on a positive note after a 2% fall in the previous month. On MCX, gold futures rose 0.5% to ₹49,566 per gram. However, silver futures on MCX surged 6% to about ₹74,000 per kg, tracking the recent surge in global rates following a GameStop-style squeeze. Posts began circulating on Reddit urging retail investors to buy silver mining stocks and ETFs backed by physical silver bars.
In global markets, spot gold rose 0.3% to $1,852.35 per ounce while silver rates surged as much as 7.4% to climb a nearly six-month peak.
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.