Monday, May 17, 2021

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Concern over rising Covid-19 infections pushes gold for second successive day


The price of gold rose by THB200 per baht weight during morning trade on Thursday thanks to mass buy-ups of the precious metal as the number of Covid-19 cases are rising exponentially in many countries, especially India.

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According to the Gold Traders Association, as of 9.25am, the buying price of a gold bar was THB26,500 per baht weight and selling price THB26,600, while that of gold ornaments was THB26,029.72 and THB27,100, respectively.

On Wednesday's close, the buying price of a gold bar was THB26,300 per baht weight and selling price THB26,400, while gold ornaments cost THB25,832.64 and THB26,900, respectively.

Spot gold price on Thursday stood at US$1,795 (THB56,240) per ounce after it rose $14.7 to $1,793.1 per ounce on Wednesday.

 

The Hong Kong gold price on Thursday rose by HK$100 to HK$16,610 (THB67,054) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : April 22, 2021

By : The Nation