Gold price falls
The price of gold dropped by Bt100 per baht weight in morning trade on Wednesday after falling by Bt50 at close on Tuesday, the Gold Traders Association reported.
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.
