Thais are flocking to Bangkok's Chinatown to sell their gold jewelry as the price of the precious metal spikes and the economy tanks due to the coronavirus pandemic.
Gold surged to a seven-year high on Tuesday to $1,731.25 an ounce. That has boosted the price of gold across the world, tempting many to sell their stocks of the precious metal at a time of economic hardship without recent precedent.
Thailand's economy is forecast to contract by more than five percent this year after the virus shuttered borders -- killing the cash cow tourist industry -- leaving millions unemployed.
