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Panthera Resources Plc

Gold prices today hit new all-time high

Gold prices today surged to fresh all-time high in India, tracking firm global rates. On MCX, October gold futures rose 0.70% to a new high of ₹38525. Silver futures on MCX surged 1.4% to ₹44,280. Apart from higher global rates, a weakening rupee, which today moved past 71 mark per dollar, boosted domestic gold prices. In spot markets, gold had advanced by ₹50 to all-time high mark of ₹38,470 per 10 gram in the national capital on Monday, Press Trust of India reported, citing All India Sarafa Association.

In global markets, gold prices stayed above the psychological $1,500 level, with spot gold up 0.6% at $1,505. Safe-haven demand for gold increased on concerns over slowing global economic growth as the trade war between Washington and Beijing dragged on.

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.