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Long queues formed outside gold shops on Yaowarat Road in Samphanthawong district, Bangkok, on Thursday. (Photos: Arnun Chonmahatrakool)Queues formed outside gold shops in Yaowarat, Bangkok's Chinatown, on Thursday, as global gold prices rose with the Russian invasion of Ukraine. Gold prices were adjusted 15 times on Thursday, up 850 baht on Wednesday. At 3.05pm, the Gold Traders Association announced the buying prices at 29,122.36 baht per baht-weight for gold ornaments and 29,650 baht per baht-weight for gold bullion. Selling prices were set at 30,250 baht per baht-weight for gold ornaments and 29,750 baht per baht-weight for gold bullion. Related: Oil tops $100, havens rally, stocks drop as Russia invades UkraineThe Russia-Ukraine crisis also caused commodities markets to surge, with Brent oil extending above US$100 a barrel for the first time since 2014. Gold jumped as investors scrambled for safe havens, Bloomberg News reported. ------------------------------------------------Published caption :   A long queue extends outside a gold shop in Bangkok’s Yaowarat area. Many gold shops in the city saw similar queues after news of Russia’s military operation in Ukraine led to gold prices rising yesterday by 850 baht to 29,750 baht per one baht weight (15.24 grammes).   FOR AFP bkp250222n2a CAPTION : A long queue extends outside a gold shop in Bangkok’s Yaowarat area. Many gold shops in the city saw similar queues after news of Russia’s military operation in Ukraine led to gold prices rising on 24 February 2022 by 850 baht to 29,750 baht per one baht weight (15.24 grammes).   KEYWORD : gold price ;gold shop-Yaowarat ;gold shop ;gold price hike

Photo Descriptions FOR SALE

Title

Golden wait

Copyrights: License

Bangkok Post

Date of taking this photo

February 24, 2022