Gold holds on to Thursday's modest gains
The price of gold was unchanged in morning trade on Friday after increasing by Bt50 per baht weight at close on Thursday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt26,100 per baht weight and selling price Bt26,200, while gold ornaments were priced at Bt25,635.56 and Bt26,700, respectively.
Spot gold price moved to US$1,843 (Bt55,267) per ounce in the morning, while Comex (Commodity Exchange) gold to be delivered in February dropped by $7.7 to $1,841.2 per ounce on Thursday due to the rise in US Ten-Year Treasury yield. Comex closed in negative territory for the longest time in nearly two years, since March 2019.
Hong Kong gold price rose by HK$10 to $17,030 (Bt65,872) per tael, the Chinese Gold and Silver Exchange Society reported.
