Modest gain for gold in Thai market as US bond yield falls
The price of gold in Thailand rose by THB50 per baht weight on Monday morning after the fall in US bond yield and the weakening dollar.
The Gold Traders Association report at 9.22am showed buying price of a gold bar at THB27,100 per baht weight and selling price at THB27,200, while gold ornaments were priced at THB26,605.80 and THB27,700, respectively.
At close on Saturday, the buying price of a gold bar was THB27,050 per baht weight and selling price THB27,150, while gold ornaments were priced at THB26,560.32 and THB27,650, respectively.
The price had risen by THB300 per baht weight last week.
Spot gold on Monday was US$1,788 (THB57,532) per ounce after Comex gold on Friday rose by $6.5 to $1,783.3 per ounce.
Hong Kong gold price, meanwhile, rose by HK$20 to $16,540 (THB68,524) per tael, the Chinese Gold and Silver Exchange Society reported.
