Gold continues to reach for the stars
The price of gold rose by Bt250 per baht weight in morning trade today (July 29), the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt28,950 per baht weight and selling price Bt29,050, while gold ornaments cost Bt28,425 and Bt29,550, respectively.
At close yesterday, the buying price of a gold bar was Bt28,700 per baht weight and selling price Bt28,800, while gold ornaments cost Bt28,182.44 and Bt29,300, respectively.
The Comex (commodity exchange) gold price to be delivered in August rose by US$13.6, or 0.7 per cent, to $1,944 (Bt60,004) per ounce at yesterday’s close.
Investors are still purchasing gold as a safe-haven asset amid uncertainty in this Covid-19 crisis and the conflict between US political parties over economic stimulus measures.
