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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.

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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.

Published : March 16, 2021

By : The Nation