Gold makes gains after heading south last week
The price of gold rose by Bt100 per baht weight in morning trade on Monday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt25,100 per baht weight and selling price Bt25,200, while gold ornaments cost Bt24,650.16 and Bt25,700, respectively.
At close on Saturday, the buying price of a gold bar was Bt25,000 per baht weight and selling price Bt25,100, while gold ornaments were priced at Bt24,544.04 and Bt25,600, respectively. The price had dropped by Bt250 per baht weight last week.
Spot gold moved to US$1,747 (Bt54,092) per ounce after falling by $46.6 to $1,728.8 on Friday due to mass sell-offs of the precious metal in response to rising US Treasury yield and the strengthening dollar.
