Gold price rises in the morning trade

As of 9.27am, the buying price of a gold bar was Bt25,650 per baht weight and selling price Bt25,750, while gold ornaments cost Bt25,180.76 and Bt26,250, respectively.

At close on Tuesday, the buying price of a gold bar was Bt25,600 per baht weight and selling price Bt25,700, while gold ornaments cost Bt25,135.28 and Bt26,200, respectively.

The spot gold price on Tuesday rose by $14.20 to $1,743 (Bt54,608) per ounce, thanks to a falling US Treasury yield, a weakening dollar and the International Monetary Fund’s move to boost its global economic growth forecast.

The Hong Kong gold price meanwhile rose by HK$200 to $16,140 (Bt65,006) per tael, the Chinese Gold and Silver Exchange Society reported.