Gold slides by THB50 in Thursday’s morning trade
A 9.30am report from the Gold Traders Association showed the buying price of gold bar at THB27,750 per baht weight and selling price at THB27,850, while the buying and selling price of gold ornaments is THB27,257.68 and THB28,350, respectively.
At close on Wednesday, the buying price of gold bar was THB27,800 per baht weight and selling price THB27,900, while gold ornaments were THB27,303.16 and THB28,400, respectively.
The spot gold price on Thursday morning was hovering around US$1,733 (THB58,800) per ounce after Comex gold at close on Wednesday dropped by $14.6 to $1,722.9 per ounce. The price of gold has dropped in two consecutive days due to pressure from the appreciation of the US dollar.
Related news:
- SET Index set for see-saw ride today
- Baht not expected to strengthen in short term amid risk factors
- Gold climbs from seven-week low after bond yields retreat
The price of gold in Hong Kong, meanwhile, slumped by HK$110 to $16,060 (THB69,983) per tael, the Chinese Gold and Silver Exchange Society reported.
