Tuesday, September 22, 2020

Gold price gains marginally from strengthening dollar

Aug 04. 2020
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By The Nation

The price of gold dropped by Bt50 per baht weight in morning trade on Tuesday (August 4), the Gold Traders Association reported.

As of 9.25am, 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 on Monday (August 3), 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.

The Comex (Commodity Exchange) gold price to be delivered in December rose by 40 cents, or 0.02 per cent, to US$1,986.30 (Bt61,792.94) per ounce at yesterday's close.

Gold closed in positive territory due to uncertainty following the Covid-19 impact, which continues to boost the demand for gold as a safe-haven asset. However, the strengthening dollar has caused the gold price to rise slightly.

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