Marginal gains for gold as dollar weakens, US bond yield slides
The price of gold in Thailand rose by THB50 per baht weight in morning trade on Tuesday, in response to the weakening dollar and the decline in US bond yield.
The Gold Traders Association report at 9.31am showed the buying price of a gold bar at THB26,650 per baht weight and selling price at THB26,750, while gold ornaments were priced at THB26,166.16 and THB27,250, respectively.
At close on Monday, the buying price of a gold bar was THB26,600 per baht weight and selling price THB26,700, while gold ornaments were priced at THB26,120.68 and THB27,200, respectively.
Spot gold price on Tuesday was US$1,785 (THB56,468) per ounce after Comex gold on Monday rose by $13.9 to $1,782.9 per ounce.
Hong Kong gold price, meanwhile, rose by HK$10 to $16,520 (THB67,305) per tael, the Chinese Gold and Silver Exchange Society reported.
