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Gold price rises amid worries over European lockdowns

EconMar 25. 2021

By The Nation

The price of gold rose by Bt50 per baht weight in morning trade on Thursday, the Gold Traders Association reported.

As of 9.33am, the buying price of a gold bar was Bt25,400 per baht weight and selling price Bt25,500 while gold ornaments cost Bt24,938.20 and Bt26,000, respectively.

At close on Wednesday, the buying price of a gold bar was Bt25,350 per baht weight and selling price Bt25,450 while gold ornaments cost Bt24,892.72 and Bt25,950, respectively.

The spot gold price climbed to US$1,735 (Bt53,887) per ounce after rising by $8.10 to $1,733.20 on Wednesday, thanks to mass buy-ups of safe-haven assets amid uncertainty as some European countries went into stricter lockdown to curb a fresh wave of Covid-19.

The Hong Kong gold price dropped by HK$40 to $16,060 (Bt64,208) per tael, the Chinese Gold and Silver Exchange Society reported.