Thai gold price rises despite fall in US price
The price of gold rose by Bt100 per baht weight in morning trade on Friday (September 4), the Gold Traders Association reported.
As of 9.29am, the buying price of a gold bar was Bt28,750 per baht weight and selling price Bt28,850, while gold ornaments were priced at Bt28,227.92 and Bt29,350, respectively.
At close on Thursday (September 3), the buying price of a gold bar was Bt28,650 per baht weight and selling price Bt28,750 while gold ornaments were priced at Bt28,136.96 and Bt29,250, respectively.
The Comex (Commodity Exchange) gold price to be delivered in December dropped by US$6.9, or 0.35 per cent, closing at $1,937.8 (Bt60,841.28) per ounce yesterday.
Gold price closed in negative territory due to mass sell-offs of the precious metal after the US showed strong economic data and Wall Street saw a sharp fall.
