Gold price rises amid worries over US presidential election, surge in Covid-19 cases in Europe
The price of gold rose by Bt50 per baht weight in morning trade on Tuesday, the Thai Gold Traders Association reported.
As of 9.21am, the buying price of a gold bar was Bt27,800 per baht weight and selling price Bt27,900, while gold ornaments were priced at Bt27,303.16 and Bt28,400, respectively.
At close on Monday, the buying price of a gold bar was Bt27,750 per baht weight and selling price Bt27,850 while gold ornaments were Bt27,257.68 and Bt28,350, respectively.
Spot gold price moved to US$1,895 (Bt58,898) per ounce in the morning after the price rose by US$12.6 to $1,892.5 per ounce on Monday's close due to mass buy-ups of safe-haven assets in response to uncertainty over the result of the US presidential election and the Covid-19 outbreak in Europe and US.
Hong Kong gold rose by HK$60 to $17,500 (Bt70,171) per tael this morning, the Chinese Gold and Silver Exchange Society reported.
