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Panthera Resources Plc

Gold prices today edge higher

After a two-day downtrend, gold prices in India edged marginally higher today, tracking similar movement in global markets. On MCX, June gold futures were up 0.28% to ₹45,911 per 10 gram while July silver futures rose 0.23% to ₹43,328 per kg. In global markets, gold prices were flat today after a two-day fall. Fears of a of a new wave of coronavirus infections in many countries as they reopened their economies supported gold despite a stronger US dollar.

Spot gold rates were unchanged at $1,695.75 per ounce. The US dollar was up at a more than two-week high against a basket of six other currencies, making gold costlier for investors holding other currencies.

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.

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