Gold falls in Thailand despite rise in US market
The price of gold dropped by Bt50 per baht weight in morning trade on Monday (August 24), the Gold Traders Association reported.
As of 9.29am, the buying price of a gold bar was Bt28,800 per baht weight and selling price Bt 28,900, while gold ornaments cost Bt28,288.56 and Bt29,400.00, respectively.
At close on Saturday, the buying price of a gold bar was Bt28,850 per baht weight and selling price Bt28,950 while gold ornaments cost Bt28,334.04 and Bt29,450, respectively.
The Comex (Commodity Exchange) gold price for delivery in December rose by US$0.5, or 0.1 per cent, to $1,947 (Bt61,502.40) per ounce at Friday's close (August 21).
Gold price rose slightly after falling for two consecutive days from mass buy-ups amid uncertainty over the US presidential election and the Covid-19 pandemic.
