Volatility in the stock market may help turn the attention of Indian investors to gold in the upcoming Dussehra and Diwali festive period, said bankers and analysts.
At the retail level, jewellers expect better sales this festive season compared to last year, when issues such as the need for customer verification had impacted consumer sentiment. But the depreciating rupee and its impact on prices pose a risk, as demand could take a hit if gold reaches Rs 33,000-34,000 per 10 grams.
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.
The company was founded by seasoned industry professionals with wide-ranging international experience that has included senior executive positions with Billiton.