Gold price rebounds after falling sharply in the previous day
The price of gold surged by Bt250 per baht weight in morning trade on Wednesday, thanks to a decline in the US bond yield and news that China imported the largest amount of the precious metal in 14 years.
According to a Gold Traders Association report at 9.25am, the buying price of a gold bar was Bt26,300 per baht weight and selling price Bt26,400, while gold ornaments cost Bt25,832.64 and Bt26,900, respectively.
At close on Tuesday, the buying price of a gold bar was Bt26,050 per baht weight and selling price Bt26,150, while gold ornaments cost Bt25,574.92 and Bt26,650, respectively.
The spot gold price on Wednesday was US$1,781 (Bt55,769) per ounce compared to Tuesday’s price, when gold rose by $7.80 to $1,778.40 per ounce.
The Hong Kong gold price on Wednesday rose by HK$80 to $16,470 (Bt66,443) per tael, the Chinese Gold and Silver Exchange Society reported.
