Gold price drops despite rise in global market
The price of gold dropped by Bt50 per baht weight in morning trade on Thursday, the Gold Traders Association reported.
As of 9.24am, the buying price of a gold bar was Bt28,200 per baht weight and selling price Bt28,300, while gold ornaments cost Bt27,697.32 and Bt28,800, respectively.
At close on Wednesday, the buying price of a gold bar was Bt28,250 per baht weight and selling price Bt28,350, while gold ornaments cost Bt27,742.80 and Bt28,850, respectively.
The spot gold price moved to US$1,913 (Bt59,896) per ounce in the morning after the price rose by $14.10 to $1,929.50 per ounce at close on Wednesday from a weakening dollar, as well as uncertainty over the rollout of fresh US economic stimulus measures and the Covid-19 crisis.
The Hong Kong gold price meanwhile dropped by HK$10 to $17,750 (Bt71,710) per tael on Thursday morning, the Chinese Gold and Silver Exchange Society reported.
