Wednesday, November 25, 2020

Gold edges up in Thailand despite fall in foreign markets

Oct 19. 2020
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By The Nation

The price of gold rose by Bt50 per baht weight in morning trade on Monday, the Gold Traders Association reported.

As of 9.25am, the buying price of a gold bar was Bt28,000 per baht weight and selling price Bt28,100 while gold ornaments were priced at Bt27,500.24 and Bt28,600, respectively.

At close on Saturday, the buying price of a gold bar was Bt27,950 per baht weight and selling price Bt28,050 while gold ornaments were Bt27,439.60 and Bt28,550, respectively.

Spot gold price moved to US$1,902 (Bt59,326) per ounce in the morning after the price dropped by $2.5 to $1,906.4 per ounce on Friday's close due to strong US economic data.

Hong Kong gold price dropped by HK$90 to $17,560 (Bt70,680) per tael on Monday morning, the Chinese Gold and Silver Exchange Society reported.

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