Sunday, April 18, 2021

Gold rises as US bond yield falls and dollar weakens

Apr 02. 2021
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By The Nation

The price of gold rose by Bt100 per baht weight in morning trade on Friday, the Gold Traders Association reported.

As of 9.25am, 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.

At close on Thursday, the buying price of a gold bar was Bt25,350 per baht weight and selling price Bt25,450, while gold ornaments were Bt24,892.72 and Bt25,950, respectively.

Spot gold price rose to US$1,730 (Bt52,784) per ounce on Friday after rising by $12.8 to $1,728.4 on Thursday, thanks to falling US bond yield and the weakening dollar.

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