Gold price shoots up amid uncertainty over rising Covid-19 cases
The price of gold rose by Bt100 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.22am, the buying price of a gold bar was Bt28,150 per baht weight and selling price Bt28,250, while gold ornaments were priced at Bt27,636.68 and Bt28,750, respectively.
At close on Monday, the buying price of a gold bar was Bt28,050 per baht weight and selling price Bt28,150 while gold ornaments were Bt27,545.72 and Bt28,650, respectively.
Spot gold price moved to US$1,909 (Bt59,641) per ounce in the morning after the price rose by 50 cents to $1,905.7 per ounce at close on Monday after investors' mass purchases of the precious metal as the US stock market dropped sharply due to uncertainty over rising Covid-19 cases.
Hong Kong gold price rose to HK$17,610 (Bt70,990) per tael on Tuesday morning, the Chinese Gold and Silver Exchange Society reported.
