Gold rises slightly in opening trade
The price of gold rose by THB50 in morning trade on Wednesday.
A Gold Traders Association report at 9.26am said the buying price of a gold bar was THB27,800 per baht weight and selling price THB27,900, while gold ornaments cost THB27,303.16 and THB28,400, respectively.
At close on Tuesday, the buying price of a gold bar was THB27,750 per baht weight and selling price THB27,850, while gold ornaments cost THB27,257.68 and THB28,350, respectively.
The spot gold price on Wednesday morning was moving around US$1,738 (THB58,883) per ounce after Comex gold at close on Tuesday dropped by $14.50 to $1,737.50 per ounce, hitting a seven-week low as it was pressured by the appreciation of the dollar and a rise in US government bond yields.
The Hong Kong gold price meanwhile dropped by HK$50 to $16,110 (THB70,105) per tael, the Chinese Gold and Silver Exchange Society reported.
