Gold gains amid purchase spree in US over inflation fears
The price of gold rose by Bt50 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt25,100 per baht weight and selling price Bt25,200, while gold ornaments were priced at Bt24,650.16 and Bt25,700, respectively.
At close on Monday, the buying price of a gold bar was Bt25,050 per baht weight and selling price Bt25,150, while gold ornaments were Bt24,604.68 and Bt25,650, respectively.
Spot gold price moved to US$1,732 (Bt53,209) per ounce after rising by $9.4 to $1,729.2 on Monday, thanks to the decline in US Treasury yield and mass buy-ups of the precious metal over inflation risks from US economic stimulus measures.
Hong Kong gold price rose by HK$60 to $16,030 (Bt63,418) per tael, the Chinese Gold and Silver Exchange Society reported.
