Gold and silver prices in Indian markets rose today for the third day in a row. On MCX, February futures were 0.9% higher at ₹49379 per 10 gram while silver futures rose 1% to ₹64018 per kg. In the previous session, gold had jumped ₹400 per 10 gram, adding on Tuesday’s ₹700 gain. Silver ended Wednesday’s session ₹200 per kg higher, after a ₹3,000 rally on Tuesday.
“Gold fell sharply in last few weeks and tested the lowest level since June. However a drop near key support region of $1,780/ounce led to some relief rally. Gold bounced back gaining support from weaker US dollar,” Kotak Securities said in a note. The dollar index was down 0.18% today.
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.