Gold price rises amid hopes of US economic stimulus
The price of gold was unchanged in morning trade on Monday after rising by Bt50 per baht weight at close on Saturday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt26,750 per baht weight and selling price Bt26,850 while gold ornaments were priced at Bt26,272.28 and Bt27,350, respectively.
The Comex (Commodity Exchange) gold price to be delivered in December rose by US$10.9, or 0.59 per cent, closing at $1,872.4 (Bt56,683) per ounce on Friday. Gold dropped by 0.7 in the previous week.
The price closed in positive territory from mass buy-ups in safe-haven assets, as the US is set to launch fresh economic stimulus measures soon.
The price of gold in Hong Kong rose by HK$50 to $17,320 (Bt67,627) per tael, the Chinese Gold and Silver Exchange Society reported.
