Gold up in morning trade
The price of gold rose by Bt50 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt25,150 per baht weight and selling price Bt25,250 while gold ornaments cost Bt24,695.64 and Bt25,750, respectively.
At close on Tuesday, the buying price of a gold bar was Bt25,100 per baht weight and selling price Bt25,200 while gold ornaments cost Bt24,650.16 and Bt25,700, respectively.
The spot gold price moved to US$1,734 (Bt53,367) per ounce after rising by $1.70 to $1,730.90 on Tuesday. However, investors are delaying trading as they watch the outcome of the US Federal Reserve meeting on Wednesday and Thursday, an analyst said.
The Hong Kong gold price meanwhile rose by HK$10 to $16,050 (Bt63,608) per tael, the Chinese Gold and Silver Exchange Society reported.
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