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Gold price shoots up amid uncertainty over rising Covid-19 cases
EconOct 27. 2020
By The Nation
The price of gold rose by Bt100 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.22am, the buying price of a gold bar was Bt28,150 per baht weight and selling price Bt28,250, while gold ornaments were priced at Bt27,636.68 and Bt28,750, respectively.
At close on Monday, the buying price of a gold bar was Bt28,050 per baht weight and selling price Bt28,150 while gold ornaments were Bt27,545.72 and Bt28,650, respectively.
Spot gold price moved to US$1,909 (Bt59,641) per ounce in the morning after the price rose by 50 cents to $1,905.7 per ounce at close on Monday after investors’ mass purchases of the precious metal as the US stock market dropped sharply due to uncertainty over rising Covid-19 cases.
Hong Kong gold price rose to HK$17,610 (Bt70,990) per tael on Tuesday morning, the Chinese Gold and Silver Exchange Society reported.
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