Gold price up for second consecutive day
The price of gold rose by Bt150 per baht weight in morning trade on Thursday, the Gold Traders Association reported. The precious metal has seen gains for two successive days.
As of 9.27am, the buying price of a gold bar was Bt25,000 per baht weight and selling price Bt25,100 while gold ornaments cost Bt24,544.04 and Bt25,600, respectively.
At close on Wednesday, 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.
The spot gold price moved to US$1,730 (Bt52,966) per ounce after rising by $4.90 to $1,721.80 on Wednesday, thanks to the weakening dollar and the decline in the US bond yield after the US February consumer price index rose slightly.
The Hong Kong gold price rose by HK$120 to $15,970 (Bt63,001) per tael, the Chinese Gold and Silver Exchange Society reported.
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