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Gold flat amid worries over inflation, fall in US stock market


The price of gold was unchanged from Saturday's close in morning trade on Monday, the Gold Traders Association reported.

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As of 9.25am, the buying price of a gold bar was Bt25,300 per baht weight and selling price Bt25,400, while gold ornaments were priced at Bt24,847.24 and Bt25,900, respectively.

Spot gold price dropped to US$1,736 (Bt53,642) per ounce after rising by $9.2 to $1,741.7 on Friday, the highest in three weeks, from uncertainty over inflation and the fall in the US stock market.

Hong Kong gold price dropped by HK$30 to $16,110 (Bt64,097) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : March 22, 2021

By : The Nation