As of 9.27am, the buying price of a gold bar was Bt25,850 per baht weight and selling price Bt25,950, while gold ornaments cost Bt25,377.84 and Bt26,450, respectively.
At close on Tuesday, the buying price of a gold bar was Bt25,600 per baht weight and selling price Bt25,700, while gold ornaments cost Bt25,135.28 and Bt26,200, respectively.
The spot gold price moved to US$1,813 (Bt54,791) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year rose by $38 to $1,818.90 per ounce on Tuesday, thanks to mass buy-ups of the precious metal after its price dropped in previous days.
Besides, the US Federal Reserve’s gloomy forecast that the economy would face various uncertainties due to the Covid-19 crisis also boosted gold sales.
The Hong Kong gold price meanwhile rose by HK$210 to $16,770 (Bt65,373) per tael, the Chinese Gold and Silver Exchange Society reported.