Monday, November 30, 2020

Gold price drops despite rise in global market

Oct 22. 2020
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By The Nation

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.

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