THURSDAY, March 28, 2024
nationthailand

Gold continues to climb amid high demand

Gold continues to climb amid high demand

The price of gold rose by Bt50 per baht weight in the morning trade today (July 24), the Gold Traders Association reported.

As of 9.29am, the buying price of a gold bar was Bt28,100 per baht weight and selling price Bt28,200, while gold ornaments cost Bt27,591.20 and Bt28,700, respectively.

At close on Thursday (July 23), the buying price of a gold bar was Bt28,050 per baht weight and selling price Bt28,150, while gold ornaments cost Bt27,545.72 and Bt28,650, respectively.

The Comex (Commodity Exchange) gold price to be delivered in August rose by US$24.9 or 1.34 per cent to US$1,890 (Bt60,004) per ounce at yesterday's close.

The gold price still closed at the highest level in nine years as investors are still buying gold as a safe-haven asset amid uncertainty following US-China tensions and the Covid-19 pandemic.

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