Sunday, April 18, 2021

Gold sees slight gain but likely to slide in global market

Apr 05. 2021
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By The Nation

The price of gold rose by Bt50 per baht weight in morning trade on Monday, the Gold Traders Association reported.

As of 9.32am, the buying price of a gold bar was Bt25,500 per baht weight and selling price Bt25,600, while gold ornaments were priced at Bt25,044.32 and Bt26,100, respectively.

At close on Saturday, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550, while gold ornaments were Bt24,998.84 and Bt26,050, respectively. The price was unchanged compared to the previous week's close.

Spot gold price moved to US$1,728 (Bt54,113) per ounce on Monday. Even gold markets in the US, Europe and Asia on Friday were closed for Good Friday. The price is likely to drop due to strong US non-farm payroll data.

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