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https://www.nationthailand.com/business/40009526

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The price of gold rose by THB50 in morning trade on Thursday.

AGold Traders Association report at 9.26am said the buying price of a gold bar was THB28,400 per baht weight and selling price THB28,500, while the buying and selling price of gold ornaments is THB27,894.40 and THB29,000, respectively.

At close on Wednesday, the buying price of a gold bar was THB28,350 per baht weight and selling price THB28,450, while gold ornaments were THB27,833.76 and THB28,950, respectively. 

The spot gold price on Thursday morning hovered around US$1,782 (THB60,272) per ounce after Comex gold at close on Wednesday rose by $7.8 to $1,784.3 per ounce due to support for buying gold as a safe-haven asset after the fall of the US stock market and concerns about the Covid-19 Omicron variant outbreak.

Related news:

• Baht weakens as investors offload stocks, short term bonds
• Covid is set to cost the tourism industry $1.6 trillion this year. Omicron could make it worse.
• OPEC+ meets to debate output boost as virus weighs on price

The Hong Kong gold price, meanwhile, dropped by HK$10 to $16,550 (THB71,828) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : December 02, 2021

By : THE NATION