Gold edges up in Thailand despite fall in foreign markets
The price of gold rose by Bt50 per baht weight in morning trade on Monday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt28,000 per baht weight and selling price Bt28,100 while gold ornaments were priced at Bt27,500.24 and Bt28,600, respectively.
At close on Saturday, the buying price of a gold bar was Bt27,950 per baht weight and selling price Bt28,050 while gold ornaments were Bt27,439.60 and Bt28,550, respectively.
Spot gold price moved to US$1,902 (Bt59,326) per ounce in the morning after the price dropped by $2.5 to $1,906.4 per ounce on Friday's close due to strong US economic data.
Hong Kong gold price dropped by HK$90 to $17,560 (Bt70,680) per tael on Monday morning, the Chinese Gold and Silver Exchange Society reported.
