Gold glitters again after price fall in previous days
The price of gold surged by Bt250 per baht weight in morning trade on Wednesday after rising by Bt200 per baht weight at close on Tuesday, the Gold Traders Association reported.
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.
