Sunday, October 25, 2020

Gold price rises after falling for three consecutive days

Sep 25. 2020
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By The Nation

The price of gold rose by Bt100 per baht weight in morning trade on Friday (September 25), the Gold Traders Association reported.

As of 9.25am, the buying price of a gold bar was Bt27,750 per baht weight and selling price Bt27,850, while gold ornaments were priced at Bt27,257.68 and Bt28,350, respectively.

At close on Thursday (September 24), the buying price of a gold bar was Bt27,650 per baht weight and selling price Bt27,750 while gold ornaments were priced at Bt27,151.56 and Bt28,250, respectively.

Spot gold price moved to US$1,867 (Bt58,826.65) per ounce on Friday morning after the price rose by $8.5 to $1,876.9 per ounce at Thursday's close.

Gold price gained positive sentiment from investors' buying spree after the price dropped for three consecutive days. Meanwhile, the dollar weakened due to the rise in US jobless claims.

Hong Kong gold price rose by HK$90, after opening at $17,260 (Bt70,170.08) per tael on Friday morning, the Chinese Gold and Silver Exchange Society reported.

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