Sunday, July 25, 2021

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Gold holds firm in Thailand despite sell-offs in global market


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

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As of 9.32am, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550, while gold ornaments were priced at Bt24,998.84 and Bt26,050, respectively. The price had risen by Bt50 per baht weight compared to opening trade on Thursday.

Spot gold price rose to US$1,727 (Bt53,821) per ounce after falling by $8.1 to $1,725.1 on Thursday due to the strengthening dollar and mass sell-offs of safe-haven assets in response to strong US labour statistics.

Hong Kong gold price dropped by HK$30 to $16,020 (Bt64,267) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : March 26, 2021

By : The Nation