Gold tends to gain when interest rates are low, which reduces the opportunity cost of holding non-yielding bullion. Gold is also seen as a hedge against inflation.
Gold futures on MCX NSE -2.15 % were up 0.11 per cent or Rs 57 at Rs 53,096 per 10 grams around 9.45 am. During the trade, the yellow metal hit all time high of Rs 53,297.
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.