Gold price rises in opening trade
The price of gold rose by Bt50 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.31am, the buying price of a gold bar was Bt25,650 per baht weight and selling price Bt25,750, while gold ornaments cost Bt25,180.76 and Bt26,250, respectively.
At close on Tuesday, the buying price of a gold bar was Bt25,600 per baht weight and selling price Bt25,700, while gold ornaments cost Bt25,135.28 and Bt26,200, respectively.
The Comex (Commodity Exchange) gold price to be delivered in April dropped by US$2.50, or 0.14 per cent, closing at $1,805.90 (Bt54,219) per ounce on Tuesday after US Federal Reserve Chairman Jerome Powell’s positive view on the US economy and strengthening dollar.
The Hong Kong gold price meanwhile dropped by HK$30 to $16,710 (Bt64,701) per tael, the Chinese Gold and Silver Exchange Society reported.