Gold prices in India edged higher today, extending gains to the fifth day. On MCX, gold futures prices rose 0.45% to ₹40,128 per 10 gram. Tracking gold, silver also edged higher. Silver futures on MCX rose 0.53% to ₹46,949 per kg. Domestic gold prices took support gains in global markets where the precious metal rose to rose to a two-week high. “Gold can recover towards ₹40,250 while taking support near ₹39,900 while silver can test ₹47,200 while taking support near ₹46,700,” SMC Global said in a note.
In global markets, gold prices rose today to $1,568 as a virus outbreak in China stoked fears of a wider epidemic that could hamper economic growth, sparking a sudden bout of risk aversion.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.