As of 9.26am, the buying price of a gold bar was Bt26,800 per baht weight and selling price Bt26,900, while gold ornaments cost Bt26,317.76 and Bt27,400, respectively.
At close on Tuesday, the buying price of a gold bar was Bt26,900 per baht weight and selling price Bt27,000 while gold ornaments cost Bt26,408.72 and Bt27,500, respectively.
The spot gold price moved to US$1,880 (Bt56,794) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in December dropped by $2.70 to $1,885.10 per ounce on Tuesday due to mass sell-offs of the precious metal after its price had risen for three consecutive days.
The Hong Kong gold price meanwhile dropped by HK$60 to $17,400 (Bt67,814) per tael, the Chinese Gold and Silver Exchange Society reported.