Saturday, March 06, 2021

Gold sheds some gains as investors sell precious metal

Jan 22. 2021
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By The Nation

The price of gold dropped by Bt50 per baht weight in morning trade on Friday, the Gold Traders Association reported.

As of 9.24am, the buying price of a gold bar was Bt26,350 per baht weight and selling price Bt26,450, while gold ornaments were priced at Bt25,878.12 and Bt26,950, respectively.

At close on Thursday, the buying price of a gold bar was Bt26,400 per baht weight and selling price Bt26,500, while gold ornaments were Bt25,923.60 and Bt27,000, respectively.

Spot gold price moved to US$1,864 (Bt55,835) per ounce in the morning, while Comex (Commodity Exchange) gold to be delivered in February dropped by 60 cents to $1,865.9 per ounce on Thursday due to mass sell-offs of the precious metal after its price had hit the highest level in two weeks.

Hong Kong gold price dropped by HK$30 to $17,260 (Bt66,694) per tael, the Chinese Gold and Silver Exchange Society reported.

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