Image courtesy of Nutthawat Wichieanbut

Right now noticed a marked improve in gold prices, based on the Gold Traders Association. The shopping for prices for gold ornaments reached 34,473.84 baht (US$ 966) per baht weight, and gold bars had been valued at 35,100 baht (US$ 984) per baht weight.

Then again, the promoting prices had been decided at 35,700 baht (US$ 1,001) per baht weight for gold ornaments, whereas gold bars had been bought at 35,200 baht (US$ 987) per baht weight. This means that gold prices had soared by 400 baht (US$ 11) from the day gone by’s shut, marking probably the most appreciable rise this yr, reported Bangkok Submit.

Rewinding yesterday’s shut, the shopping for prices had been decrease, with gold ornaments at 34,079.68 baht (US$ 955) per baht weight and gold bars at 34,700 baht (US$ 973) per baht weight. Concurrently, the promoting prices settled at 35,300 baht (US$ 990) per baht weight for gold ornaments and 34,800 baht (US$ 975) per baht weight for gold bars.

In associated information, gold prices in Thailand on February 27 remained secure, with no improve or lower in comparison with the earlier closing figures The Gold Traders Association (GTA) listed the promoting worth for gold ornaments surpassing the 35,000 baht mark. The most recent figures from the affiliation’s web site, recorded at 9.02am, indicated that the promoting worth for gold ornaments was 35,050 baht.

For normal gold bars, that are 96.5% pure, the shopping for worth was set at 34,450 baht per baht-weight, with the promoting worth at 34,550 baht, based on the primary announcement of the day. Gold ornaments of the identical purity had been purchased at 33,837.12 baht per baht weight and bought at 35,050 baht. The worldwide market worth for gold, or Gold Spot, stood at US$2,034.00 per ounce.

The abstract of gold prices, following the primary announcement, are as follows: for gold bars, the shopping for worth is 34,450 baht per baht-weight and the promoting worth is 34,550 baht per baht-weight. For gold ornaments, the shopping for worth is 33,837.12 baht per baht-weight and the promoting worth is 35,050 baht per baht-weight.

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