Gold price unchanged after big drop yesterday
The price of gold was unchanged in morning trade on Friday after shrinking by Bt400 per baht weight at close on Thursday, the Gold Traders Association reported.
As of 9.24am, the buying price of a gold bar was Bt27,150 per baht weight and selling price Bt27,250 while gold ornaments cost Bt26,666.44 and Bt27,750, respectively.
The spot gold price moved to US$1,910 (Bt57,471) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February rose by $5 to $1,913.60 on Thursday, thanks to Congress affirming Joe Biden’s presidential win, which triggered hopes that a Democrat-led administration would come out with more economic stimulus measures.
The Hong Kong gold price meanwhile dropped by HK$50 to $17,690 (Bt68,650) per tael, the Chinese Gold and Silver Exchange Society reported.
