Sunday, September 27, 2020

Gold slumps despite rise in US market

Sep 17. 2020
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By The Nation

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.

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