Gold price down in opening trade
The price of gold dropped by Bt200 per baht weight in morning trade on Thursday, the Gold Traders Association reported.
As of 9.40am, the buying price of a gold bar was Bt24,550 per baht weight and selling price Bt24,650, while gold ornaments cost Bt24,104.40 and Bt25,150, respectively.
At close on Wednesday, the buying price of a gold bar was Bt24,750 per baht weight and selling price Bt24,850, while gold ornaments cost Bt24,301.48 and Bt25,350, respectively.
The spot gold price on Thursday moved to US$1,714 (Bt52,062) per ounce after falling by $17.80 to $1,715.80 on Wednesday, the lowest in almost nine months, due to a rising US bond yield and a strengthening dollar.
Meanwhile, progress in US Covid-19 vaccinations also pressured the price of the precious metal.
The Hong Kong gold price dropped by HK$120 to $15,860 (Bt62,101) per tael, the Chinese Gold and Silver Exchange Society reported.
