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Gold price rises from worries over second Covid-19 outbreak
EconOct 16. 2020
By The Nation
The price of gold rose by Bt150 per baht weight in morning trade on Friday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt28,050 per baht weight and selling price Bt28,150, while gold ornaments were priced at Bt27,545.72 and Bt28,650, respectively.
At close on Thursday, the buying price of a gold bar was Bt27,900 per baht weight and selling price Bt28,000 while gold ornaments cost Bt27,394.12 and Bt28,500, respectively.
Spot gold price moved to US$1,907 (Bt59,514) per ounce in the morning after the price rose by $1.6 to $1,908.9 per ounce at close on Thursday due to mass buy-ups of the precious metal after many countries in Europe reimposed lockdown measures to contain the spread of Covid-19.
Hong Kong gold price rose by HK$90 to $17,620 (Bt70,960) per tael on Friday morning, the Chinese Gold and Silver Exchange Society reported.