Gold stays firm after buy-ups stall previous losses
The price of gold was unchanged in morning trade on Tuesday, after falling by Bt50 per baht weight at close on Monday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt26,300 per baht weight and selling price Bt26,400, while gold ornaments were priced at Bt25,832.64 and Bt26,900, respectively.
Spot gold price moved to US$1,847.5 (Bt55,731) per ounce in the morning, while the Comex (Commodity Exchange) gold to be delivered in February rose by $15.4 to $1,850.8 per ounce on Monday, thanks to mass buy-ups of the precious metal after its price fell sharply in the previous week, as well as the fall in the US stock market.
Hong Kong gold price dropped by HK$50 to $17,070 (Bt66,402) per tael, the Chinese Gold and Silver Exchange Society reported.
