Gold price falls despite rise in US market
The price of gold dropped by Bt50 per baht weight in morning trade on Thursday after falling by Bt250 per baht weight at close on Wednesday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt25,900 per baht weight and selling price Bt26,000, while gold ornaments cost Bt25,438.48 and Bt26,500, respectively.
At close on Wednesday, the buying price of a gold bar was Bt25,950 per baht weight and selling price Bt26,050, while gold ornaments cost Bt25,483.96 and Bt26,550, respectively.
The spot gold price moved to US$1,811 (Bt54,921) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in December rose to $1,805.50 per ounce on Wednesday from a weakening dollar and mass buy ups of the precious metal in response to a rise in US jobless claims.
