Bangkok:Gold prices experienced a significant increase today following the US midterm election results, which saw a landslide victory for the Democratic Party in both houses of Congress.
According to Thai News Agency, the election outcome put pressure on the dollar and oil prices, leading to their decline, while stock markets and gold prices surged.
This morning, gold prices opened at 904 AM with an immediate increase of 1,100 baht. A subsequent adjustment saw an additional rise of 50 baht before profit-taking led to a retracement of 200 baht.
The latest update on gold prices shows that gold bars have a buying price of 65,150 baht and a selling price of 65,350 baht, while gold jewelry is selling at 66,150 baht.