Gold up slightly on weaker dollar, lower US bond yield
The price of gold rose by THB50 per baht weight in morning trade on Friday, due to the weakening dollar and decline in US bond yield.
The Gold Traders Association report at 9.24am showed buying price of a gold bar at THB27,700 per baht weight and selling price at THB27,800, while gold ornaments were priced at THB27,197.04 and THB28,300, respectively.
The buying price of a gold bar at close on Thursday was THB27,650 per baht weight and selling price THB27,750, while gold ornaments were priced at THB27,151.56 and THB28,250, respectively.
Spot gold price on Friday was US$1,871 (THB58,712) per ounce compared to Thursday when it rose by 40 cents to $1,881.9 per ounce.
Hong Kong gold price on Friday dropped by HK$10 to $17,350 (THB70,135) per tael, the Chinese Gold and Silver Exchange Society reported.