Gold price drops in opening trade
The price of gold dropped by Bt100 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt26,350 per baht weight and selling price Bt26,450 while gold ornaments cost Bt25,878.12 and Bt26,950, respectively.
At close on Tuesday, the buying price of a gold bar was Bt26,450 per baht weight and selling price Bt26,550 while gold ornaments cost Bt25,969.08 and Bt27,050, respectively.
The spot gold price moved to US$1,862 (Bt55,929) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February dropped by $6.60 to $1,844.20 per ounce on Tuesday due to an increase in the US bond yield.
The Hong Kong gold price rose by HK$10 to $17,180 (Bt66,550) per tael, the Chinese Gold and Silver Exchange Society reported.
