THURSDAY, March 28, 2024
nationthailand

Virus slices Bt50 off value of gold

Virus slices Bt50 off value of gold

The gold price has dropped by Bt50 per baht weight, the Gold Traders Association announced on Wednesday morning (February 26).

The price was Bt24,650 to buy and Bt24,750 to sell, and for gold ornaments Bt24,210 to buy and Bt25,250 to sell.
Gold contracts in COMEX futures fell sharply to US$26 and closed on Tuesday at $1,650 per ounce, a decreased attributed to investors seeing gold as a safe-haven asset amid concerns among the economic damaged caused by the COVID-19 virus.
The World Health Organisation ramped up worries this week by warning countries and territories where the virus has taken hold to contain it.
On Tuesday is cost Bt24,700 to buy gold and Bt24,800 to sell it, while gold ornaments were Bt24,256 to buy and Bt25,300 to sell.

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