Thai gold price flat despite rise in US market
The price of gold was unchanged in morning trade on Thursday, the Gold Traders Association reported.
As of 9.24am, the buying price of a gold bar was Bt27,900 per baht weight and selling price Bt28,000, while gold ornaments cost Bt27,394.12 and Bt28,500, respectively.
At close on Wednesday, the association announced a change in the precious metal price, causing the price to drop sharply by Bt350 per baht weight.
The spot gold price moved to US$1,895 (Bt59,064) per ounce in the morning after the price rose by $12.70 to $1,907.30 per ounce at Wednesday’s close in response to a weakening dollar, uncertainty amid the Covid-19 crisis and the upcoming US presidential election.
The Hong Kong gold price meanwhile dropped by HK$30 to $17,510 (Bt70,418) per tael on Thursday morning, the Chinese Gold and Silver Exchange Society reported.
