Gold extends gains despite stronger dollar
The price of gold rose by Bt100 per baht weight in morning trade on Tuesday after rising by Bt100 per baht weight at close on Monday, the Gold Traders Association reported.
As of 9.30am, the buying price of a gold bar was Bt26,700 per baht weight and selling price Bt26,800, while gold ornaments were priced at Bt26,226.80 and Bt27,300, respectively.
At close on Monday, the buying price of a gold bar was Bt26,600 per baht weight and selling price Bt26,700, while gold ornaments cost Bt26,120.68 and Bt27,200, respectively.
Spot gold price moved to US$1,880 (Bt56,631) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year dropped by $6.1 to $1,882.8 per ounce on Monday due to the appreciation of the dollar.
Hong Kong gold price meanwhile dropped by HK$190 to $17,370 (Bt67,508) per tael, the Chinese Gold and Silver Exchange Society reported.
