Sunday, June 13, 2021

business

Weakening dollar pushes up demand for gold and price


The price of gold rose by THB250 per baht weight in morning trade on Tuesday, thanks to mass buy-ups of the precious metal as a safe-haven asset amid the weakening dollar.

The Gold Traders Association report at 9.28am showed buying price of a gold bar at THB27,700 per baht weight and selling price at THB27,800, while gold ornaments were priced at THB27,197.04 and THB28,300, respectively.

At close on Monday, the buying price of a gold bar was THB27,450 per baht weight and selling price THB27,550, while gold ornaments were priced at THB26,954.48 and THB28,050, respectively.

Spot gold price on Tuesday was US$1,870 (THB58,917) per ounce compared to Monday when it rose by $29.5 to $1,867.6 per ounce.

 

Hong Kong gold price on Tuesday rose by HK$140 to $17,310 (THB70,229) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : May 18, 2021

By : The Nation