Gold continues rise
The price of gold rose by Bt50 per baht weight in morning trade today (July 30), the Gold Traders Association reported.
As of 9.29am, the buying price of a gold bar was Bt29,000 per baht weight and selling price Bt29,100, while gold ornaments cost Bt28,470.48 and Bt29,600, respectively.
At close yesterday, 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.
The Comex (Commodity Exchange) gold price to be delivered in August rose by US$8.8, or 0.45 per cent, to $1,953.4 (Bt61,388.72) per ounce at yesterday’s close.
Gold remained in positive territory as investors continued to purchase the metal as a safe-haven asset before the US Federal Open Market Committee began a key meeting.
The Chinese Gold and Silver Exchange Society said the Hong Kong gold price rose by HK$70, opening at $18,170 (US$2,344.52 / Bt73,674.75) per tael this morning.
