Tuesday, June 15, 2021

business

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.

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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.

Published : April 21, 2021

By : The Nation