Gold extends gains ahead of key senator poll in US state of Georgia
The price of gold rose by Bt50 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.24am, the buying price of a gold bar was Bt27,500 per baht weight and selling price Bt27,600, while gold ornaments were priced at Bt26,999.96 and Bt28,100, respectively.
At close on Tuesday, the buying price of a gold bar was Bt27,450 per baht weight and selling price Bt27,550, while gold ornaments were Bt26,954.48 and Bt28,050, respectively.
Spot gold price moved to US$1,948 (Bt58,339) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in February rose by $7.8 to $1,954.4 per ounce on Tuesday, riding on mass buy-ups of safe-haven assets amid key elections in the US state of Georgia that will decide which party controls the US Senate for the next two years.
Hong Kong gold price rose by HK$80 to $18,030 (Bt69,645) per tael, the Chinese Gold and Silver Exchange Society reported.