Concern over rising Covid-19 infections pushes gold for second successive day
The price of gold rose by THB200 per baht weight during morning trade on Thursday thanks to mass buy-ups of the precious metal as the number of Covid-19 cases are rising exponentially in many countries, especially India.
According to the Gold Traders Association, as of 9.25am, the buying price of a gold bar was THB26,500 per baht weight and selling price THB26,600, while that of gold ornaments was THB26,029.72 and THB27,100, respectively.
On Wednesday's close, the buying price of a gold bar was THB26,300 per baht weight and selling price THB26,400, while gold ornaments cost THB25,832.64 and THB26,900, respectively.
Spot gold price on Thursday stood at US$1,795 (THB56,240) per ounce after it rose $14.7 to $1,793.1 per ounce on Wednesday.
The Hong Kong gold price on Thursday rose by HK$100 to HK$16,610 (THB67,054) per tael, the Chinese Gold and Silver Exchange Society reported.