Gold prices edged higher today to hit new highs after crossing the key psychological level of ₹50,000 per 10 gram in the previous session. On MCX, gold prices edged up 1% to a new high of ₹50,707 per 10 gram. Silver rates also extended gain after a strong rally in the previous session. On MCX, silver futures rose 0.47% to ₹61,430 per kg. Silver futures on MCX had jumped as much as 8% in the previous session, hitting ₹62,200 per kg, the highest in over seven years.
So far this year, gold prices in India have rallied 28% so far this year. But the price rally has dampened physical retail demand for gold in India, the world’s second largest consumer of the precious metal.
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.