Gold opens Bt50 cheaper on Monday
The price of gold dropped by Bt50 per baht weight in the morning trade on Monday after rising Bt100 per baht weight at closing on Saturday, the Gold Traders Association reported.
As of 9.28am, the buying price of a gold bar was Bt26,100 per baht weight and selling price Bt26,200, while gold ornaments cost Bt25,635.56 and Bt26,700, respectively.
On Saturday's close, the buying price of a gold bar was Bt26,150 per baht weight and selling price Bt26,250, while gold ornaments cost Bt25,681.04 and Bt26,750, respectively. The price dropped slightly by Bt50 per baht weight last week.
The spot gold price moved to US$1,836 (Bt55,233) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year rose by $6.2 to $1,843.6 per ounce on Friday. All thanks to mass buy-ups of the precious metal amid uncertainty over the US rollout of economic stimulus package, no-deal Brexit and signs of dollar inflation.
In Hong Kong, gold rose by HK$30 to HK$16,970 (Bt65,862) per tael, the Chinese Gold and Silver Exchange Society reported.
