Gold prices surge today

Gold and silver prices moved higher today in Indian markets, tracking an advance in global rates. On MCX, October gold futures rose 1% to ₹53,800 per 10 gram. Silver futures jumped 2% to ₹70,554 per kg. In the previous session, gold prices had surged 2% or ₹1033 per 10 gram while silver had jumped 2.6% or ₹1,750 per kg. Earlier this month, on August 7, gold had hit a record high of ₹56,191 per 10 gram.

In global markets, gold rates back above $2,000 per ounce, supported by a weak US dollar. The dollar was down 0.23% at an over one-week low, making gold cheaper for those holding other currencies. Among other precious metals, silver climbed 1% to $27.69 per ounce, and platinum rose 0.9% to $957.73.

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.

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