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KEFI Minerals Plc

Gold rate gains today

Gold and silver edged higher in Wednesday’s early trade amid fears that the fast rising Covid-19 cases could disrupt economic recovery but gains were capped by easing tensions between the US and China that enhanced trade optimism.

Top US and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday.

Gold futures on MCX NSE 0.17 % were up 0.33 per cent or Rs 166 at Rs 51,090 per 10 grams. Silver futures gained 0.15 per cent or Rs 93 to Rs 64,100 per kg.

KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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