Gold price up slightly amid hopes of economic recovery, effective Covid-19 drug
The price of gold rose by Bt50 per baht weight in morning trade today (July 13), the Gold Traders Association reported.
As of 9.29am, the buying price of a gold bar was Bt26,600 per baht weight and selling price Bt26,700, while gold ornaments cost Bt26,120.68 and Bt27,200, respectively.
At close on Saturday, the buying price of a gold bar was Bt26,550 per baht weight and selling price Bt26,650, while gold ornaments were priced at Bt26,075.20 and Bt27,150, respectively.
The spot gold price moved to US$1,803 (Bt56,406) this morning after dropping by $1.9 to $1,801.9 per ounce at Friday’s close.
Investors were selling gold after global indices rose on hopes of an economic recovery and news that a Covid-19 drug could effectively reduce the death rate.
Meanwhile, the Hong Kong gold price dropped by HK$20, opening at $16,650 (Bt67,204) per tael this morning.
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