Gold price drops in Thailand despite rise in global market
The price of gold dropped by Bt100 per baht weight in morning trade on Tuesday, the Thai Gold Traders Association reported.
As of 9.21am, 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 Monday, the buying price of a gold bar was Bt28,100 per baht weight and selling price Bt28,200 while gold ornaments were Bt27,591.20 and Bt28,700, respectively.
Spot gold price moved to US$1,903 (Bt59,460) per ounce in the morning after the price rose by $5.3 to $1,911.7 per ounce at close on Monday from the weakening dollar. Meanwhile, the market is keeping an eye on the rollout of US economic stimulus measures.
Hong Kong gold price dropped by HK$60 to $17,590 (Bt70,918) per tael on Tuesday morning, the Chinese Gold and Silver Exchange Society reported.
