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Goldplat plc

Gold prices surge and expected to rise further

On MCX, gold futures rose 1.3 percent on Friday to Rs 43,799 per 10 grams as the Indian rupee weakened. Silver futures were up by 3 percent to Rs 41,075 per kg as the rupee continued to remain above the 76/dollar level.

In the international market gold prices fell even after the US reported a record number of unemployment claims on Thursday. Spot gold and US gold futures were trading 0.3 percent lower but stayed above the $1,600 an ounce mark.

According to BNP Paribas, gold’s best 2020 quarter will be April-June and sees the precious metal averaging $1,675 an ounce during the period.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.