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Gold stable but Covid-19 likely to push up demand for safe-haven assets


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 9.29am, 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 Bt150 per baht weight last week.

Spot gold price dropped slightly to US$1,732 (Bt54,049) per ounce after rising by $7.2 to $1,732.3 on Friday, due to mass buy-ups of safe-haven assets amid uncertainty over the economic impact after European countries imposed lockdown measures to contain the spread of Covid-19.

Hong Kong gold price rose by HK$10 to $16,040 (Bt64,407) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : March 29, 2021

By : The Nation