Gold price hits single-day highest in four months
The price of gold rose by Bt600 per baht weight in morning trade on Tuesday (August 18), the Gold Traders Association reported.
As of 9.28am, the buying price of a gold bar was Bt29,250 per baht weight and selling price Bt29,350, while gold ornaments cost Bt28,728.20 and Bt29,850, respectively.
At close on Monday, the buying price of a gold bar was Bt28,650 per baht weight and selling price Bt28,750 while gold ornaments cost Bt28,136.96 and Bt29,250, respectively.
The Chinese Gold and Silver Exchange Society said that Hong Kong gold price rose by HK$270, opened at $18,340 (Bt73,784.48) per tael this morning.
Meanwhile, the Comex (Commodity Exchange) gold price to be delivered in December rose by US$48.9, or 2.51 per cent, to $1,998.7 (Bt62,320.07) per ounce at Monday's close.
Gold price hit the single-day highest in four months from the decline in dollar and US bond yields. Besides, investors were buying gold as a safe-haven asset after the number of Covid-19 cases started to rise again.
