Big jump in gold price as demand remains high
The price of gold rose by Bt300 per baht weight (15 grams) in morning trade on Friday (August 14), the Gold Traders Association reported.
As of 9.23am, the buying price of a gold bar was Bt28,550 per baht weight and selling price Bt28,650, while gold ornaments cost Bt28,030.84 and Bt29,150, respectively.
At close on Thursday (August 13), the buying price of a gold bar was Bt28,250 per baht weight and selling price Bt28,350, while gold ornaments cost Bt27,742.80 and Bt28,850, respectively.
The Comex (Commodity Exchange) gold price to be delivered in December rose by US$21.4 or 1.1 per cent to $1,970.4 (Bt61,180.83) per ounce at Thursday's close.
Gold price skyrocketed from mass buy-ups as a safe-haven asset due to uncertainty following the weakening dollar, the negotiations on a US economic stimulus package and the high number of US jobless claims.
