Gold prices at new record high

The price of gold ornaments hit a new high yesterday, reaching Bt14,900, while gold bar price touched Bt14,500.

Gold Trader Association president, Jitti Tangsithpakdi, said the high prices would chop gold transactions by 50-60 per cent this year, on assumption that the gold prices would remain above Bt14,000.

"It is difficult the price will soften in light of US economic slowdown and surging oil prices which boost gold demand in the global market," he said

However, he believed that without irregular situation, gold prices in Thailand would not breach Bt15,000 level due to the stronger baht.

- The Nation

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Gold prices at new record high

The price of gold ornaments hit a new high yesterday, reaching Bt14,900, while gold bar price touched Bt14,500.

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