Thai gold price drops slightly despite rise in global market
The price of gold in Thailand dropped by Bt50 per baht weight in morning trade on Saturday, the Gold Traders Association reported.
The buying price of a gold bar was Bt28,100 per baht weight and selling price Bt28,200 while gold ornaments were priced at Bt27,591.20 and Bt28,700, respectively.
At close on Friday, the buying price of a gold bar was Bt28,150 per baht weight and selling price Bt28,250 while gold ornaments were Bt27,636.68 and Bt28,750, respectively.
Comex (Commodity Exchange) gold price to be delivered in December rose by 60 cents, or 0.03 per cent, closing at $1,905.20 (Bt59,700) per ounce on Friday.
Gold price rose slightly in response to the weakening dollar and uncertainty over the rollout of US economic stimulus measures.
