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Panthera Resources plc

Gold prices increase today

Gold and silver moved higher in Indian markets, tracking positive global cues. On MCX, February gold futures were up 0.74% to ₹49,410 per 10 gram while silver prices gained 0.57% to ₹66,279 per kg. In the previous session, gold rates had eased 0.53%. After a strong 25% gain last year, gold prices have wavered this year amid a a rise in US bond yields and rebound in US dollar.

“Prices remain volatile due to recovering US dollar and hopes of further economic stimulus measures from the US. Increasing virus infections in many western countries may also lift the safe-haven demand of the commodity,” said Hareesh V, Research Head Commodities at Geojit Financial Services.

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.