Saturday, May 30, 2020

Gold flat at close of trade on Monday

Mar 30. 2020
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By The Nation

Gold price was unchanged at close today (March 30), the Gold Traders Association reported.

At 2.18pm, the buying price of a gold bar was Bt24,700 per baht weight and selling price Bt24,900, while buying price of gold ornaments was Bt24,256 per baht weight and selling price Bt25,400.

At the close on March 28, the buying price of a gold bar was Bt24,750 and selling price Bt24,950, while the buying price of gold ornaments was Bt24,301.48 and selling price Bt25,450.

As of 5pm today, Gold contracts in COMEX to be delivered in April dropped by US$6.60 or 0.40 per cent, to $1,647.50 per ounce due to investors selling gold to make profit.

Although the dollar weakened due to the US Federal Reserve’s effort to stimulate the economy, there is concern over the impact of gold production caused by the Covid-19 pandemic.

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