Gold opens strong in Thai and Hong Kong markets
The price of gold surged by Bt250 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt25,950 per baht weight and selling price Bt26,050, while gold ornaments were priced at Bt25,483.96 and Bt26,550, respectively.
At close on Monday, the buying price of a gold bar was Bt25,700 per baht weight and selling price Bt25,800, while gold ornaments were Bt25,241.40 and Bt26,300, respectively.
Spot gold price moved to US$1,838 (Bt55,081) per ounce in the morning after rising by $21.2 to $1,834.2 per ounce on Monday on hopes of rollout of US economic stimulus measures worth $1.9 trillion.
Hong Kong gold price rose by HK$20 to $16,960 (Bt65,564) per tael, the Chinese Gold and Silver Exchange Society reported.
