Gold price falls from strong US nonfarm payrolls
The price of gold dropped by Bt100 per baht weight in morning trade on Saturday (September 5), the Gold Traders Association reported.
As of 9.32am, the buying price of a gold bar was Bt28,600 per baht weight and selling price Bt28,700, while gold ornaments were priced at Bt28,091.42 and Bt29,200, respectively.
At close on Friday (September 4), the buying price of a gold bar was Bt28,700 per baht weight and selling price Bt28,800 while gold ornaments were priced at Bt28,182.44 and Bt29,300, respectively.
The Comex (Commodity Exchange) gold price to be delivered in December dropped by US$3.5, or 0.18 per cent, closing at $1,934.3 (Bt60,736.36) per ounce on Friday. The price dropped by 2.1 per cent this week.
Gold closed in negative territory due to mass sell-offs of the precious metal after the US showed strong nonfarm payrolls.
