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Appears in Newsflare picks
03:19
Locals queue to sell their gold amid rising prices in Thailand
Footage shows locals queuing up outside shops in Bangkok, Thailand, today March 10, to sell their gold amid rising prices for the precious metal.
Residents flocked to the Chinatown area of the city as gold held near a 19-month high following a ban on Russian oil imports, as well as mounting concerns over inflation and economic growth boosted demand for the asset.
Bullion prices have risen 12 per cent in 2022 as investors seek a store of value while holdings in gold-backed exchange-traded funds have climbed to the highest since March 2021.
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