Gold price hits new high
The price of gold rose by Bt150 per baht weight in morning trade today (August 6), the Gold Traders Association reported.
As of 9.32am, the buying price of a gold bar was Bt29,750 per baht weight and selling price Bt29,850, while gold ornaments cost Bt29,213.32 and Bt30,350, respectively.
At close yesterday, the buying price of a gold bar was Bt29,600 per baht weight and selling price Bt29,700, while gold ornaments cost Bt29,061.72 and Bt30,200, respectively.
The Comex (Commodity Exchange) gold price to be delivered in December rose by US$28.30, or 1.4 per cent, to $2,049.30 (Bt63,707.86) per ounce at yesterday's close.
The gold price closed at a new high amid a weakening dollar, causing the precious metal to become even more attractive to investors. Meanwhile, the market gained positive sentiment from hopes that the US Congress and the White House would agree on a $1-trillion economic stimulus package.
