Gold continues upward trend of the past four weeks
The price of gold in Thailand rose by THB50 per baht weight on Monday morning.
The Gold Traders Association report at 9.27am showed the buying price of a gold bar at THB28,100 per baht weight and selling price at THB28,200, while gold ornaments were priced at THB27,591.20 and THB28,700, respectively.
At close on Saturday, the buying price of a gold bar was THB28,050 per baht weight and selling price THB28,150, while gold ornaments were priced at THB27,545.72 and THB28,650, respectively.
The price rose by THB350 per baht weight last week, gaining for four weeks in a row.
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ID check required for new crypto accounts
3 Dip-chip machine to be used from September
published : 3 May 2021 at 04:30
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Opening of new cryptocurrency accounts may slow in the second half of this year as the Anti-Money Laundering Office (Amlo) announced local digital exchanges must verify their customers identities through a dip-chip machine that requires clients to be physically present.
The dip-chip requirement comes into effect in September, said Poramin Insom, co-founder and director of Satang Corp.
As of April 26, there were 697,780 cryptocurrency accounts nationwide, a surge from 160,000 at the end of last year. Most digital asset exchanges are still busy preparing their systems to accommodate the growing number of clients as new account applications continue to flow in. However, this growth may be curbed if the application process becomes more complicated, said Mr Poramin.
Outbreak causes SET jitters, but rubber gloves bounce
published : 8 Apr 2021 at 06:11 A security guard outside a bar located in Covid-19 stricken Thong Lor. (Photo by Somchai Poomlard)
A fresh round of Covid-19 infections in Bangkok has sparked fears of a prolonged lockdown, causing the SET Index to plunge 1.46% or by 23.10 points, closing at 1,556.56 points in trade worth 108 billion baht on Wednesday, propelling investors towards safe-haven assets like gold.
However, Asia Plus Securities executive vice-president Therdsak Taveeteeratham said the government would not announce a curfew. The brokerage expects authorities to control the situation.
Mongkol Puangpetra, executive vice-president of KTBST Securities (Thailand), said despite the surge of infections in Bangkok, the city s governor has already issued several measures to control the zones with high infections.
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