Gold price up
The price of gold rose by Bt250 per baht weight in morning trade today (August 27), the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt28,650 per baht weight and selling price Bt28,750, while gold ornaments cost Bt28,136.96 and Bt29,250, respectively.
At close yesterday, the buying price of a gold bar was Bt28,400 per baht weight and selling price Bt28,500, while gold ornaments cost Bt27,894.40 and Bt29,000, respectively.
The Hong Kong gold price rose by HK$260, opening at $18,000 (Bt72,629.28) per tael this morning, the Chinese Gold and Silver Exchange Society said.
The Comex (Commodity Exchange) gold price to be delivered in December rose by US$29.40, or 1.53 per cent, to $1,952.5 (Bt61,056.63) per ounce at yesterday’s close.
The gold price closed in positive territory yesterday from a weakening dollar and mass buy-ups of the precious metal due to uncertainty over the inflation rate. Meanwhile, investors are awaiting US Federal Reserve Chairman Jerome Powell’s speech at a key meeting today.
