Wed, December 08, 2021

business

Gold stages partial recovery after last week's slump


The price of gold rose by Bt150 per baht weight in morning trade on Monday, the Gold Traders Association reported.

As of 9.26am, the buying price of a gold bar was Bt24,700 per baht weight and selling price Bt24,800, while gold ornaments were priced at Bt24,256 and Bt25,300, respectively.

At close on Saturday, the buying price of a gold bar was Bt24,550 per baht weight and selling price Bt24,650, while gold ornaments were Bt24,104.40 and Bt25,150, respectively. The price had fallen by Bt550 per baht weight last week.

Spot gold moved to US$1,714 (Bt52,580) per ounce after falling by $2.2 to $1,698.5 on Friday, the lowest since June 5 last year, due to rising US bond yield and strengthening dollar amid strong US non-farm payroll data.

Hong Kong gold price rose by HK$140 to $15,810 (Bt62,441) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : March 08, 2021

By : The Nation