Weakening dollar pushes up gold price
The price of gold rose by Bt150 per baht weight in morning trade on Monday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt27,000 per baht weight and selling price Bt27,100, while gold ornaments were priced at Bt26,514.84 and Bt27,600, respectively.
At close on Saturday, the buying price of a gold bar was Bt26,850 per baht weight and selling price Bt26,950, while gold ornaments were Bt26,363.24 and Bt27,450, respectively.
Spot gold price moved to US$1,898 (Bt57,211) per ounce in the morning after rising by US$12.9 to $1,886.2 per ounce at close on Friday due to the weakening dollar. However, the metal price in the previous week dropped sharply by 3.24 per cent.
Hong Kong gold price rose by HK$70 to $17,470 (Bt67,918) per tael this morning, the Chinese Gold and Silver Exchange Society reported.
