FRIDAY, March 29, 2024
nationthailand

Weakening dollar pushes gold price up

Weakening dollar pushes gold price up

The price of gold rose by Bt50 per baht weight in morning trade on Thursday (July 16), the Gold Traders Association reported.

As of 9.31am, the buying price of a gold bar was Bt26,950 per baht weight and selling price Bt27,050, while gold ornaments cost Bt26,469.36 and Bt27,550, respectively.

At close on Wednesday (July 15), the buying price of a gold bar was Bt26,900 per baht weight and selling price Bt27,000, while gold ornaments were priced at Bt26,408.72 and Bt27,500, respectively.

The COMEX (Commodity Exchange) gold price to be delivered in August rose by 40 cent or 0.02 per cent to US$1,813.80 (Bt57,439) per ounce at Wednesday's close.

The price of gold gained from the weakening dollar. However, investors reduced the demand for safe-haven assets after stock markets worldwide skyrocketed in response to positive news about a Covid-19 vaccine.

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