Gold slumps despite rise in US market
The price of gold dropped by Bt200 per baht weight in morning trade today (September 17), the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt28,650 per baht weight and selling price Bt28,750, while gold ornaments cost Bt28,136.96 and Bt29,250, respectively.
At close yesterday, 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 spot gold price moved to US$1,947 (Bt60,731) per ounce this morning after the price rose by $4.30 to $1,970.5 per ounce at yesterday’s close.
The gold price closed in positive territory yesterday from mass buy-ups in the precious metal after the US announced weak economic data.
The Hong Kong gold price dropped by HK$110, opening at $18,080 (Bt72,808) per tael this morning, the Chinese Gold and Silver Exchange Society reported.
