Gold price flat at close on Friday
The price of gold was unchanged from Thursday's at close of trade on Friday (March 27), the Gold Traders Association reported.
At 4.51pm, the buying price of a gold bar was Bt24,500 per baht weight and selling price Bt24,800, while buying price of gold ornaments was Bt24,058.92 per baht weight and selling price Bt25,300.
At Thursday’s close (March 26), the buying price of a gold bar was Bt24,250 and selling price Bt24,550, while the buying price of gold ornaments was Bt23,816.36 and selling price Bt25,050.
As of 5pm, Gold contracts in COMEX to be delivered in April dropped by $23.40 or 1.42 per cent, to $1,627.80 per ounce.
A strategist at YLG Bullion and Futures advised investors to buy when the gold price rises between US$1,594 and $1,585 per ounce, while taking profit when the price drops to between $1,646 and $1,651 per ounce.
