Gold price drops as Dow Jones Index hits new high
The price of gold dropped by Bt150 per baht weight in morning trade on Tuesday after rising by Bt150 per baht weight at close on Monday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt26,650 per baht weight and selling price Bt27,750, while gold ornaments were priced at Bt26,166.16 and Bt27,250, respectively.
At close on Monday, the buying price of a gold bar was Bt26,800 per baht weight and selling price Bt26,900 while gold ornaments were Bt26,317.76 and Bt27,400, respectively.
Spot gold price moved to US$1,878 (Bt56,494) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in February dropped by $2.8 to $1,880.4 per ounce on Monday after the US Dow Jones Index hit a new high, resulting in mass sell-offs of safe-haven assets.
Hong Kong gold price dropped by HK$50 to $17,370 (Bt67,364) per tael, the Chinese Gold and Silver Exchange Society reported.
