Gold price jumps after sharp fall in previous days
The price of gold rose by Bt150 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt24,850 per baht weight and selling price Bt24,950 while gold ornaments cost Bt24,407.60 and Bt25,450, 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 moved to US$1,713 (Bt52,694) per ounce after rising by $38.90 to $1,716.90 on Tuesday, thanks to the weakening dollar, the decline in the US bond yield and mass buy-ups of the precious metal after its price dropped sharply in previous days.
The Hong Kong gold price rose by HK$160 to $15,880 (Bt62,933) per tael, the Chinese Gold and Silver Exchange Society reported.
