Surge in demand pushes up gold price
The price of gold rose by Bt100 per baht weight in morning trade on Wednesday (June 24), the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt25,750 per baht weight and selling price Bt25,850, while gold ornaments were priced at Bt25,286.88 and Bt26,350, respectively.
At close on Tuesday (June 23), buying price of a gold bar was Bt25,650 per baht weight and selling price Bt25,750, while gold ornaments were priced at Bt25,180.76 and Bt26,250, respectively.
The Gold Spot Index price on Wednesday morning moved to around US$1,769 (Bt53,538) per ounce after the price rose by $15.60 to $1,782 per ounce at Tuesday’s close, the highest in seven years.
Gold gained from the surge in demand due to uncertainties following the weakening dollar and the tensions between US and China.
