Bangkok - Thailand's gold prices hit an historic high of 16,500 baht (465.40 dollars) per 15.2 grams Thursday, in tandem with rising prices for the precious metal on the world market.
"This is the highest gold price in the history of our market," Gold Traders Association chairman Jitti Tangsithpakdi said.
Thursday was the fourth consecutive day for local gold prices to rise to historic highs, starting at 15,950 baht per one baht weight (15.2 grams) on Monday.
Gold is commonly sold in jewelry form in Thailand, mostly at gold shops in Bangkok's Chinatown district, at prices slightly below the world market's as the gold content is not 100 per cent.
After opening with a small gain of 19.72 points, Indian equities continued to trade marginally higher with selective buying and selling seen across some of the pivotal stocks.
For the week ended Feb 7, 2009, India’s benchmark wholesale price index (WPI), inflation fell below 4% to 3.92%, as compared to 4.39% during the last week, mainly because of declining worldwide crude oil prices
The annual inflation rate was 4.98 per cent during the corresponding week of the previous year.