Gold price rises, but US stock market rise casts shadow
The price of gold rose by Bt100 per baht weight in morning trade today (September 10), 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 Bt28,550 per baht weight and selling price Bt28,650, while gold ornaments cost Bt28,030.84 and Bt29,150, respectively.
The Hong Kong gold price rose by HK$170, opening at $17,990 (Bt72,559.40) per tael this morning, the Chinese Gold and Silver Exchange Society reported.
The Comex (Commodity Exchange) gold price to be delivered in December rose by US$11.70, or 0.6 per cent, closing at $1,954.90 (Bt61,106.62) per ounce yesterday.
The gold price has risen for two consecutive days from a weakening dollar, making the precious metal an attractive buy. However, the gold price increased in a limited range because of the rise in the US stock index from mass buy-ups in technology shares.
