By The Nation
Queues spilled out onto the pavement at one Chinatown gold shop as people rushed to exchange their jewellery and ornaments for record high prices.
As of 1.48pm, the buying price of gold bar was Bt30,200 per baht weight and the selling price Bt30,300, while gold ornaments were worth Bt29,652.96 and Bt30,800, respectively.
During morning trade, the buying price of a gold bar was Bt30,250 per baht weight and selling price Bt30,350, while gold ornaments cost Bt29,698.44 and Bt30,850, respectively.
The price of gold is being driven up by its reputation as a safe haven for investors during the economic impact of Covid-19.