Gold price remains flat amid hopes of economic stimulus measures
The price of gold was unchanged in morning trade today (June 9), the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt25,150 per baht weight and selling price Bt25,250, while gold ornaments cost Bt24,695.64 and Bt25,750, respectively.
The Gold Spot Index price this morning moved to around US$1,697 (Bt53,183) per ounce after the price rose by $22.1 to $1,705.1 at close yesterday.
Gold gained from hopes that governments and central banks worldwide would continue to issue economic stimulus measures, while investors were buying up the metal for speculation after a sharp drop in prices the previous week.
Meanwhile, the Hong Kong gold price rose by HK$30 to $15,700 (Bt63,486) per tael.
