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Gold price stays flat in Thailand despite rise in global market
EconNov 02. 2020
By The Nation
The price of gold was unchanged in morning trade on Monday, the Gold Traders Association reported.
As of 9.20am, the buying price of a gold bar was Bt27,650 per baht weight and selling price Bt27,750, while gold ornaments were priced at Bt27,151.56 and Bt28,250, respectively.
At close on Saturday, the association announced the change in the precious metal’s price for one time, causing the price to rise by Bt100 per baht weight.
Spot gold price moved to US$1,882 (Bt58,619) per ounce in the morning after the price rose by $11.9 to $1,879.9 per ounce at close on Friday.
Gold price rose technically after falling in previous days. Meanwhile, it gained positive sentiment from mass buy-ups of the metal as a safe-haven asset in response to uncertainty over Covid-19’s impact on the economy.
Hong Kong gold price rose by HK$10 to $17,340 (Bt69,651) per tael this morning, the Chinese Gold and Silver Exchange Society reported.
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