THURSDAY, March 28, 2024
nationthailand

Gold price up a tad

Gold price up a tad

The price of gold rose by Bt50 per baht weight in morning trade today (July 21), the Gold Traders Association reported.

As of 9.33am, the buying price of a gold bar was Bt27,150 per baht weight and selling price Bt27,250, while gold ornaments cost Bt26,666.44 and Bt27,750, respectively.

At close on Monday (July 20) the buying price of a gold bar was Bt27,100 per baht weight and selling price Bt27,200, while gold ornaments cost Bt26,605.80 and Bt27,700, respectively.

The Comex gold price to be delivered in August rose by US$7.4, or 0.41 per cent, to $1,817.4 (Bt57,724) per ounce at yesterday’s close.

Investors were buying gold as a safe-haven asset amid uncertainty following the global economic situation as the number of Covid-19 cases continued to rise.

A weakening dollar has also encouraged investors to buy gold.

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