Gold price rises
The price of gold rose by Bt100 per baht weight in morning trade on Thursday after falling by Bt50 per baht weight at close on Wednesday, the Gold Traders Association reported.
As of 9.30am, the buying price of a gold bar was Bt26,750 per baht weight and selling price Bt26,850, while gold ornaments cost Bt26,272.28 and Bt27,350, respectively.
At close on Wednesday, the buying price of a gold bar was Bt26,650 per baht weight and selling price Bt26,750, while gold ornaments cost Bt26,166.16 and Bt27,250, respectively.
The spot gold price moved to US$1,878 (Bt56,716) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year rose by $7.80 to $1,878.10 per ounce on Wednesday due to a weakening dollar and a decline in US economic data.
The Hong Kong gold price meanwhile rose by HK$40 to $17,310 (Bt67,413) per tael, the Chinese Gold and Silver Exchange Society reported.
