FRIDAY, March 29, 2024
nationthailand

Gold price up amid US-China tensions, increasing Covid-19 cases

Gold price up amid US-China tensions, increasing Covid-19 cases

The price of gold rose by Bt50 per baht weight in morning trade on Wednesday (July 15), the Gold Traders Association reported.

As of 9.20am, the buying price of a gold bar was Bt26,850 per baht weight and selling price Bt26,950, while gold ornaments cost Bt26,363.24 and Bt27,450, respectively.

At close on Tuesday (July 14), the buying price of a gold bar was Bt26,800 per baht weight and selling price Bt26,900, while gold ornaments were priced at Bt26,317.76 and Bt27,400, respectively.

The COMEX (Commodity Exchange) gold price to be delivered in August dropped slightly by 70 cent, or 0.04 per cent, to US$1,813.40 (Bt57,184) per ounce at yesterday's close.

Some investors were buying gold as safe-haven assets due to uncertainty following the rising Covid-19 cases worldwide and tensions between the US and China.

nationthailand