Saturday, July 24, 2021

business

Gold continues upward streak after mass purchases


The price of gold in Thailand rose by THB100 per baht weight in morning trade on Thursday, thanks to mass buy-ups of the safe-haven asset in response to a fall in US stock markets and cryptocurrencies after China announced it would ban all cryptocurrency transactions.

Gold Traders Association report at 9.25am showed the buying price of a gold bar at THB27,700 per baht weight and selling price at THB27,800, while gold ornaments cost THB27,197.04 and THB28,300, respectively.

At close on Wednesday, the buying price of a gold bar was THB27,600 per baht weight and selling price THB27,700, while gold ornaments cost THB27,106.08 and THB28,200, respectively.

The spot gold price on Thursday was US$1,872 (THB58,789) per ounce compared to the price on Wednesday, when it rose by $13.50 to $1,881.50 per ounce.

 

The Hong Kong gold price meanwhile rose by HK$30 to $17,330 (THB70,091) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : May 20, 2021

By : The Nation