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Thai gold price edges up despite fall in US, Hong Kong markets (nationthailand.com)

Thai gold price edges up despite fall in US, Hong Kong markets

EconDec 01. 2020

By The Nation

The price of gold in Thailand rose by Bt50 per baht weight in morning trade on Tuesday after falling by Bt200 per baht weight at close on Monday, the Gold Traders Association reported.

As of 9.28am, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550 while gold ornaments were priced at Bt24,998.84 and Bt26,050, respectively.

At close on Monday, the buying price of a gold bar was Bt25,400 per baht weight and selling price Bt25,500, while gold ornaments were Bt24,938.20 and Bt26,000, respectively.

Spot gold price moved to US$1,780 (Bt53,842) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in February next year dropped by $7.2 to $1,780.9 per ounce on Monday due to mass sell-offs in safe-haven assets amid positive news of a Covid-19 vaccine.

Hong Kong gold price, meanwhile, dropped by HK$20 to $16,430 (Bt64,112) per tael, the Chinese Gold and Silver Exchange Society reported.