Gold price jumps by THB200 as dollar weakens
The price of gold in Thailand rose by THB200 per baht weight in morning trade on Monday due to the weakening dollar.
The Gold Traders Association report at 9.27am showed buying price of a gold bar at THB27,400 per baht weight and selling price at THB27,500, while gold ornaments were priced at THB26,909 and THB28,000, respectively.
At close on Saturday, the buying price of a gold bar was THB27,200 per baht weight and selling price THB27,300, while gold ornaments were priced at THB26,711.92 and THB27,800, respectively.
The price had risen bt THB400 per baht weight, the highest in over four months, last week.
Spot gold price on Monday was US$1,851 (THB58,178) per ounce compared to Friday when it rose by $14.1 to $1,838.1 per ounce.
The Hong Kong gold price on Monday rose by HK$90 to $17,090 (THB69,157) per tael, the Chinese Gold and Silver Exchange Society reported.
