Strengthening dollar pressures gold price
The price of gold rose by Bt50 per baht weight in morning trade on Thursday (June 18), the Gold Traders Association reported.
As of 9.26am, 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 Wednesday (June 17), 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.
The Gold Spot Index price on Thursday morning moved to around US$1,725 (Bt53,708) per ounce after the price dropped slightly by 90 cent to $1735.6 per ounce at close on Wednesday.
The gold price was pressured by the strengthening dollar, while investors reduced gold in their assets after European stock indices rose.
The price in the Hong Kong gold market rose by HK$40 to $15,960 (Bt64,126) per tael this morning.
