Gold price rises in the morning trade
The price of gold rose by Bt50 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt25,650 per baht weight and selling price Bt25,750, while gold ornaments cost Bt25,180.76 and Bt26,250, respectively.
At close on Tuesday, the buying price of a gold bar was Bt25,600 per baht weight and selling price Bt25,700, while gold ornaments cost Bt25,135.28 and Bt26,200, respectively.
The spot gold price on Tuesday rose by $14.20 to $1,743 (Bt54,608) per ounce, thanks to a falling US Treasury yield, a weakening dollar and the International Monetary Fund’s move to boost its global economic growth forecast.
The Hong Kong gold price meanwhile rose by HK$200 to $16,140 (Bt65,006) per tael, the Chinese Gold and Silver Exchange Society reported.