As of 9.40am, the buying price of a gold bar was Bt25,400 per baht weight and selling price Bt25,500 while gold ornaments cost Bt24,938.20 and Bt26,000, respectively.
At close on Wednesday, the buying price of a gold bar was Bt25,200 per baht weight and selling price Bt25,300 while gold ornaments cost Bt24,741.12 and Bt25,800, respectively.
The spot gold price moved to US$1,752 (Bt53,831) per ounce after falling by $3.80 to $1,727.10 on Wednesday due to the rise in the US bond yield before the results of a key US Federal Reserve meeting were to be announced. The gold price surged after the Fed signalled it would maintain the interest rate at a low level until 2023.
The Hong Kong gold price meanwhile rose by HK$130 to $16,200 (Bt64,105) per tael, the Chinese Gold and Silver Exchange Society reported.
Published : March 18, 2021
By : The Nation