Monday, August 02, 2021

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Gold price rebounds after dropping on Tuesday


The price of gold rose by Bt100 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.

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As of 9.29am, the buying price of a gold bar was Bt24,800 per baht weight and selling price Bt24,900 while gold ornaments cost Bt24,346.96 and Bt25,400, respectively.

At close on Tuesday, the buying price of a gold bar was Bt24,700 per baht weight and selling price Bt24,800 while gold ornaments cost Bt24,256 and Bt25,300, respectively.

The spot gold price on Wednesday moved to US$1,733 (Bt52,500) per ounce after rising by $10.60 to $1,733.60 on Tuesday, thanks to mass buy-ups of the precious metal after its price fell to the lowest level in more than eight months. The gold price also gained positive sentiment from a decrease in the US Treasury yield.

The Hong Kong gold price meanwhile rose by HK$160 to $16,050 (Bt62,675) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : March 03, 2021

By : The Nation