Weakening dollar pushes up price of gold in Thailand
The price of gold in Thailand rose by THB200 per baht weight in morning trade on Tuesday, due to the weakening dollar.
The Gold Traders Association report at 9.25am showed buying price of a gold bar at THB27,900 per baht weight and selling price at THB28,000, while gold ornaments were priced at THB27,394.12 and THB28,500, respectively.
At close on Monday, the buying price of a gold bar was THB27,700 per baht weight and selling price at THB27,800, while gold ornaments were priced at THB27,194.04 and THB28,300, respectively.
Spot gold price on Tuesday was higher at US$1,902 per ounce compared to Monday when it rose by $6.8 to $1,898.9 per ounce.
Hong Kong gold price on Tuesday rose by HK$170 to $17,590 per tael, the Chinese Gold and Silver Exchange Society reported.
