Gold prices in Thailand hit new record high

BANGKOK, April 16 — Prices of gold ornaments and gold bars hit a new record high in Thailand early Saturday, due to sharp increase in global gold prices resulting from worries over continued rising oil prices and inflationary pressure in overseas, said Jitti Tangsitthiphakdi, chairman of the Gold Traders Association.

Mr Jitti said his association announced this morning a buying price of Bt20,693.40 per baht-weight (15.16 grammes) for gold ornaments, and selling price of Bt21,500.

The buying price of gold bar was at Bt21,000 per bath-weight and the selling price at Bt21,100 per baht-weight, he said.

Read more: MCOT