Local gold hits record for fourth straight day

 

Gold for sale at a shop on Yaowarat Road. Gold prices continue to set records as investors seek safe havens.  Pornprom Satrabhaya

The domestic gold price hit a record for the fourth consecutive day, reaching 28,200 baht for one baht-weight of gold, an increase of 31.5%.

The local price continued its climb from 21,450 baht at the beginning of this year, reported the Gold Traders Association (GTA).

The price has accelerated every day this week, similar to global gold prices, with the weakening baht also supporting higher gold prices.

The spot gold price was US$1,866 on Thursday, touching a nearly nine-year high and a gain of 24.2% from $1,518 on the first date of this year.

The baht has weakened by 6.2% to 31.67 baht per dollar on Thursday morning from 29.81 baht at the start of this year.

 

Source: Local gold hits record for fourth straight day

Join our Private Facebook Group!  Meet ex-pats and make new friends, share advice, promote business, travel tips & events, share experiences and ideas.