Gold price rises amid weakening dollar, mass buy ups before US presidential result
The price of gold rose by Bt100 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.22am, 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.
At close on Tuesday, the buying price of a gold bar was Bt27,800 per baht weight and selling price Bt27,900, while gold ornaments cost Bt27,303.16 and Bt28,400, respectively.
The spot gold price moved to US$1,901 (Bt59,216) per ounce in the morning after the price rose by $17.90 to $1,910.40 per ounce at close on Tuesday from a weakening dollar and mass buy ups in the precious metal before announcement of the US presidential result.
The Hong Kong gold price meanwhile rose by HK$110 to $17,630 (Bt70,844) per tael, the Chinese Gold and Silver Exchange Society reported.
