Gold continues on last weeks upward trend
The price of gold in Thailand rose by THB50 per baht weight in morning trade on Monday, thanks to mass buy-ups of the precious metal after increase in US non-farm payroll was lower than expected.
The Gold Traders Association report at 9.32am showed buying price of a gold bar at THB26,850 per baht weight and selling price at THB26,950, while gold ornaments were priced at THB26,363.24 and THB27,450, respectively.
At close on Saturday, the buying price of a gold bar was THB26,800 per baht weight and selling price THB26,900, while gold ornaments were THB26,317.76 and THB27,400, respectively.
The price had shot up by THB750 per baht weight last week.
Spot gold price on Monday was US$1,832 (THB57,046) per ounce compared to Friday when it rose by $15.6 to $1,831.30 per ounce, the highest in almost three months.
Hong Kong gold price on Monday rose by HK$90 to $16,970 (THB68,042) per tael, the Chinese Gold and Silver Exchange Society reported.