On the global front, where the situation of banking and financial crisis persists in the countries of America and Europe, on the other hand, funds, investors are turning to investing in gold as a safe investment option and the price of gold in the world market has increased. It has increased continuously, has reached close to $ 2000 per ounce and in India also the price of gold has reached the level of Rs 61,000 per 10 grams.
Amid this record rally, shares of gold mining companies listed on global stock exchanges have seen a storm as companies active in the gold mining and production sector are expected to benefit from higher prices for their reserves. Shares of gold mining companies on the New York Stock Exchange, African Stock Exchange and Australian Stock Exchange have jumped 8 per cent in a day and 15 to 20 per cent in the past week.
Newmont shares listed on the New York Stock Exchange rose 5.22 percent to $48.17 on Friday, March 17, Barrick Gold Corp rose 4.14 percent to $18.12, Kinross Gold Corp rose 7.83 percent to $4.13, Agnico Eagle Mine rose 5.50 percent to $50.84 Gaya, Yamana gold rose 5.85 percent to $5.79, Freeport McMorran rose half a percent to $36.23, Eldorado gold rose 4.76 percent to $9.90. Stock prices have risen by 15 to 20 per cent in the last five days to a week amid the banking crisis in the US and Europe. In which shares of Gold Fields Limited rose 18.24 percent, Eldorado Gold 16.20 percent, Harmony Gold 15 percent, Kinross Gold Corp 12 percent, Newmont Corp 11 percent, Barrick Gold Corp 10 percent, Yamana Gold 7 percent. Is. ,
Besides, gold mining companies listed on the African Stock Exchange JSE included AngloGold Ashanti up by 6.16 percent to 37442 Zacks (South African cent/rand), Gold Fields up by 4.84 percent to 20927 Zacks, Harmony Gold up by 4.19 percent to 6757 Zacks. Centerra Gold, listed on the Toronto Stock Exchange, rose 1 per cent to C$8.78, Franco-Nevada by 5.04 per cent to C$197.11, Bitugold up 4 per cent to C$5.02.
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