Bangkok, April 5 – Afternoon, Thai gold prices dropped by 50 baht. Pointed out that the price of Thai gold rose according to the world market. from the US economic recession Investors choose safe assets.
After today (April 5), gold opened the market to make new high prices, rising by 400 baht, with 96.5% of gold bars in the country having a buying price of 32,350 baht per baht, selling at 32,450 baht per baht. The price of gold ornaments 96.5% is bought at 31,760.20 baht per baht and sold at 32,950 baht per baht, which is considered a new high price. Because the price of gold in Thailand has never been this high before, however, recently at 3:18 p.m. during the day, the price was adjusted 1 time by reducing it by 50 baht, with gold bars being sold at a price of 32,400 baht per baht and selling gold ornaments. Issued at 32,900 baht per baht
Mr. Pakorn Peetathawatchai, director and manager of the Stock Exchange, revealed that the price of Thai gold rose in line with the world gold price. from the US economic recession which views that when the economy is volatile, the market is at risk Investors often view gold as a safe haven asset. and choose to invest to escape the risk arising from volatility The price will go up to what level? still have to follow but consider that even though the US economy is still volatile But the Thai economy still has strong factors in terms of tourism. Including Thailand's interest rates do not fluctuate as strongly as the United States.-Thai News Agency
Source: Thai News Agency