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Goldplat plc

Gold prices today rise to near record highs

Gold prices in India hovered near record highs today, tracking firm global rates. On MCX, August gold futures were up about 0.3% to ₹48,450 per 10 gram. Silver rates also edged higher with futures on MCX rising 0.5% to ₹48,600 per kg. Last week, gold prices in India had hit a record high of ₹48,589 per 10 gram. In the previous session, gold had gained 0.8% while silver 0.6%.

In global markets gold prices continued their rally, edging closer to a eight-year high as surging coronavirus cases across the world dented optimism about a quick global recovery. This benefited safe harbours like gold, bonds and the US dollar. Spot gold rose 0.1% to $1,772.61 per ounce. Among other precious metals, platinum rose 0.6% to $796.07 and silver climbed 0.6% at $17.85.

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.