On MCX, gold futures rose 1.3 percent on Friday to Rs 43,799 per 10 grams as the Indian rupee weakened. Silver futures were up by 3 percent to Rs 41,075 per kg as the rupee continued to remain above the 76/dollar level.
In the international market gold prices fell even after the US reported a record number of unemployment claims on Thursday. Spot gold and US gold futures were trading 0.3 percent lower but stayed above the $1,600 an ounce mark.
According to BNP Paribas, gold’s best 2020 quarter will be April-June and sees the precious metal averaging $1,675 an ounce during the period.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.