As of 9.23am, buying price of a gold bar was Bt25,350 per baht weight and selling price Bt25,450, while gold ornaments were priced at Bt24,892.72 and Bt25,950, respectively.

At close on Tuesday (June 9), buying price of a gold bar was Bt25,250 per baht weight and selling price Bt25,350, while gold ornaments were priced at Bt24,801.76 and Bt25,850, respectively.

The Gold Spot Index price on Wednesday morning moved to around US$1,718 (Bt53,642) per ounce after the price rose by $16.8 to $1,721.9 per ounce at close on Tuesday.

Investors were buying safe-haven assets after stock indices worldwide dropped due to mass sell-offs, while the dollar weakened after the US reported decline in economic data.

The price in the Hong Kong gold market rose by HK$115 to $15,860 (Bt63,895) per tael.