Gold Price Continues to Surge

BANGKOK, April 4 (TNA) – The global gold price has exceeded expectations, reaching a new high while the weakening baht has also influenced the price of Thai gold this morning, pushing it to new highs as well.

Gold Prices Soar Again

The Gold Traders Association reported that as of 09.19 am, the price of Thai gold has risen by 400 baht in total, with gold ornaments selling at 40,450 baht per baht and gold bars at 39,950 baht per baht. This is based on the Asian gold price of $2,301 per ounce and the Thai baht weakening to 36.70 baht per dollar.

Mr. Jitti Tangsitpakdee, the association’s chairman, stated that there is still no sign of a decrease in the gold price, except for possible selling pressure from gold funds.

Full story: tna.mcot.net

TNA