Gold sees sharp rise amid hopes of US stimulus measures
The price of gold surged by Bt350 per baht weight in morning trade on Tuesday after falling by Bt50 per baht weight at close on Monday, the Gold Traders Association reported.
As of 9.21am, the buying price of a gold bar was Bt26,500 per baht weight and selling price Bt26,600 while gold ornaments were priced at Bt26,029.72 and Bt27,100, respectively.
At close on Monday, the buying price of a gold bar was Bt26,150 per baht weight and selling price Bt26,250, while gold ornaments were Bt25,681.04 and Bt26,750, respectively.
Comex gold to be delivered in February next year rose by US$26, or 1.41 per cent, closing at $1,866 (Bt56,226) per ounce on Monday from hopes of fresh US economic stimulus measures.
Hong Kong gold price rose by HK$270 to $17,230 (Bt66,981) per tael, the Chinese Gold and Silver Exchange Society reported.
