Gold price drops in opening trade
The price of gold dropped by Bt150 per baht weight in morning trade on Thursday, the Gold Traders Association reported.
As of 9.26am, 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 Bt26,050 per baht weight and selling price Bt26,150, while gold ornaments cost Bt25,574.92 and Bt26,650, respectively.
The spot gold price moved to US$1,826 (Bt54,810) per ounce in the morning, while the Comex (Commodity Exchange) gold price rose by $1.70 to $1,835.10 per ounce on Wednesday, thanks to mass buy-ups of the precious metal after its price dropped sharply yesterday.
The Hong Kong gold price fell by HK$30 to $16,940 (Bt65,598) per tael, the Chinese Gold and Silver Exchange Society reported.