BANGKOK, April 15 (TNA) – Gold sellers line up along the
streets in Bangkok’s China Town, trying to sell their gold jewelry as the gold
prices have jumped to seven-year high amid Covid-19 pandemic.
China Town which is home to top goldsmith shops in the
country has seen long lines of people in the past days.
Many of them said they simply wanted to make profit out of
the price surge while others tried to make ends meet.
According to the Gold Traders Associations, the purchase
price for gold ornaments is 25,800 baht per gold baht and gold ornaments at 25,322
baht at 3 pm on Wednesday.
Gold baht is the Thai unit of measurement for weight,
equaling 15.244 grams.
Gold shops on the Yaowarat Street in Chinatown have
exercised social distancing and sanitizing practices to prevent the spread of
coronavirus.
The Association has said many gold shops would face
liquidity problems if the massive selling continues for a week. (TNA)
