THURSDAY, March 28, 2024
nationthailand

Sharp fall in NYSE pushes up gold price

Sharp fall in NYSE pushes up gold price

The price of gold rose by Bt50 per baht weight in morning trade on Friday (June 12), the Gold Traders Association reported.

As of 9.36am, buying price of a gold bar was Bt25,350 per baht weight and selling price Bt25,450, while gold ornaments were priced at Bt24,892.72 and Bt25,950, respectively.
At close on Thursday (June 11), the buying price of a gold bar was Bt25,300 per baht weight and selling price Bt25,400, while gold ornaments were priced at Bt24,847.24 and Bt25,900, respectively.
Gold contracts in COMEX (Commodity Exchange) to be delivered in August rose by US$19.1 or 1.11 per cent, closing at $1,739.8 per ounce on Thursday.
Investors were buying gold as a safe haven asset after the New York Stock Exchange Index fell sharply due to uncertainty following the second wave of Covid-19 outbreak in the US.

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