Weakening dollar pushes gold price up
The price of gold rose by Bt250 per baht weight in morning trade on Tuesday (September 1), the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt29,000 per baht weight and selling price Bt29,100, while gold ornaments were priced at Bt28,470.48 and Bt29,600, respectively.
At close on Monday (August 31), the buying price of a gold bar was Bt28,750 per baht weight and selling price Bt28,850 while gold ornaments were priced at Bt28,227.92 and Bt29,350, respectively.
Ths Chinese Gold and Silver Exchange Society has reported that Hong Kong gold price rose by HK$80, opening at $18,190 (Bt72,808.60) per tael this morning.
Comex (Commodity Exchange) gold price for delivery in December rose by US$3.7, or 0.19 per cent, closing at $1,978.6 (Bt61,379.39) per ounce on Monday.
Gold price closed in positive territory from the weakening dollar and US Federal Reserve's policy to maintain the interest rate at a low level.
