The Magazine for Asian Investors
The price of gold in Thailand rose by ฿150 on Monday morning, March 21, 2022, in contrast to the previous price announcement on Saturday, which announced a decline of ฿100. Last week, the price had dropped by a total of ฿900.
Spot gold prices rose to $1,928 an ounce this morning.
96.5% Domestic Gold Trading Price (1st Announcement)
The selling price for gold jewelry was ฿ 31,000, while the buying price was ฿ 29,850.04.
The selling price of gold bars, was ฿30,500, while the buying price was ฿30,400.
Spot gold rose to the $1,928 area this morning, while Comex gold fell $13.9 to $1,929.3 on Friday evening, its biggest weekly decline since November 2021. The pressure came from the rising U.S. dollar after the Fed raised interest rates slightly for the first time since 2018, by 0.25% to 0.5%.