Gold near 19-month high as ban on Russian oil drives flight to safety
Gold prices surge by almost 1,000 baht
People stand in a long queue outside a gold shop in the Yaowarat area in Bangkok on Monday. Most were selling their gold after prices climbed above a record 30,000 baht per baht-weight, driven mainly by the Russian war on Ukraine. (Photo: Nittaya Nittayai)
Gold held near a 19-month high following a ban on Russian oil imports, as mounting concerns over inflation and economic growth boost demand for the haven asset.
In Thailand, the Gold Traders Association announced on Wednesday morning the buying prices at 31,320.56 baht per baht-weight for gold ornaments and 31,900 baht per baht-weight for gold bullion, an increase of 900 baht from the previous…
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