Illustrative image (Source: thailandnews.co)
 
Bangkok (NNT/VNA) - Gold prices in Thailand have hit 5-month high following an ongoing conflict in the Korean Peninsula.

Gold Traders Association Vice President Pitchaya Pisutkul disclosed that the current buying and selling prices of a gold bar are 20,850 and 20,950 baht respectively, the highest since November last year. The prices went up by 150 baht on April 17.

Pitchaya claimed many people fear that tensions in the Korean Peninsula could lead to a war, thus stocking up on gold bars.

The Gold Traders Association Vice President added that gold prices in the overseas market could reach 1,300 US dollars per ounce given the ongoing tensions, which could also motivate hoarders to sell their gold for quick profit.-VNA