Sat, October 16, 2021


Gold price flat despite dollar weakening

The price of gold was unchanged in morning trade on Wednesday, the Gold Traders Association reported.

As of 9.26am, the buying price of a gold bar was Bt26,150 per baht weight and selling price Bt26,250 while gold ornaments cost Bt25,681.04 and Bt26,750, respectively.

The spot gold price moved to US$1,848 (Bt55,390) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February rose by $10.30 to $1,840.20 per ounce on Tuesday over a weakening dollar.

Meanwhile, gold also gained positive sentiment from incoming Treasury Secretary Janet Yellen’s move to urge Congress to approve a $1.9-trillion economic stimulus package.

The Hong Kong gold price meanwhile dropped by HK$10 to $17,030 (Bt65,854) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : January 20, 2021

By : The Nation