Bangkok (NNT/VNA) - Gold prices in Thailand havehit 5-month high following an ongoing conflict in the Korean Peninsula.
Gold Traders Association Vice President Pitchaya Pisutkul disclosed that thecurrent buying and selling prices of a gold bar are 20,850 and 20,950 bahtrespectively, the highest since November last year. The prices went up by 150baht on April 17.
Pitchaya claimed many people fear that tensions in the Korean Peninsula couldlead to a war, thus stocking up on gold bars.
The Gold Traders Association Vice President added that gold prices in theoverseas market could reach 1,300 US dollars per ounce given the ongoingtensions, which could also motivate hoarders to sell their gold for quickprofit.-VNA
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Illustrative image (Source: thailandnews.co)
