Gold makes big gains at the start of New Year as dollar weakens
The price of gold surged by Bt200 per baht weight in morning trade on Monday, the Gold Traders Association reported.
As of 9.28am, the buying price of a gold bar was Bt27,050 per baht weight and selling price Bt27,150 while gold ornaments were priced at Bt26,560.32 and Bt27,650, respectively.
At close on Saturday, the buying price of a gold bar was Bt26,850 per baht weight and selling price Bt26,950 while gold ornaments were Bt26,363.24 and Bt27,450, respectively.
Spot gold price moved to US$1,918 (Bt57,363) per ounce in the morning in line with the weakening dollar.
Meanwhile, the Hong Kong gold price surged by HK$180 to $17,680 (Bt68,206) per tael, the Chinese Gold and Silver Exchange Society reported.
