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Goldplat plc

Yellow metal hits record high

Gold futures for April delivery hit a fresh record high of above Rs 43,000 per 10 gm on February 24, tracking gains in international spot prices and a weaker rupee.

The Indian rupee opened 24 paise lower at 71.89 per dollar on February 24 against the previous session’s 71.65.

International gold prices rose more than 2 percent to their highest in more than seven years, as a spike in coronavirus cases beyond China pushed investors to take refuge in the safe-haven metal, said a Reuters report.

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.