Wednesday, November 25, 2020

Gold price rises from worries over second Covid-19 outbreak

Oct 16. 2020
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By The Nation

The price of gold rose by Bt150 per baht weight in morning trade on Friday, the Gold Traders Association reported.

As of 9.26am, the buying price of a gold bar was Bt28,050 per baht weight and selling price Bt28,150, while gold ornaments were priced at Bt27,545.72 and Bt28,650, respectively.

At close on Thursday, the buying price of a gold bar was Bt27,900 per baht weight and selling price Bt28,000 while gold ornaments cost Bt27,394.12 and Bt28,500, respectively.

Spot gold price moved to US$1,907 (Bt59,514) per ounce in the morning after the price rose by $1.6 to $1,908.9 per ounce at close on Thursday due to mass buy-ups of the precious metal after many countries in Europe reimposed lockdown measures to contain the spread of Covid-19.

Hong Kong gold price rose by HK$90 to $17,620 (Bt70,960) per tael on Friday morning, the Chinese Gold and Silver Exchange Society reported.

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