Thailand gold price flat despite rise in US market
The price of gold was unchanged in morning trade on Monday, the Gold Traders Association reported.
As of 9.22am, the buying price of a gold bar was Bt28,200 per baht weight and selling price Bt28,300, while gold ornaments were priced at Bt27,697.32 and Bt28,800, respectively.
At close on Saturday, the association announced a change in the precious metal's price for one time, causing the price to rise by Bt150 per baht weight.
Spot gold price moved to US$1,926 (Bt59,823) per ounce on Monday morning after the price rose by $31.6 to $1,926.2 per ounce at close on Friday from mass buy-ups of the precious metal as safe-haven assets due to the weakening dollar and uncertainty over the rollout of US economic stimulus measures.
The Hong Kong gold price rose by HK$110, opening at $17,800 (Bt71,339) per tael on Monday morning, the Chinese Gold and Silver Exchange Society reported.
