Gold up slightly in Thailand but sees sharp slide in Hong Kong
The price of gold rose by Bt50 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.28am, the buying price of a gold bar was Bt25,700 per baht weight and selling price Bt25,800, while gold ornaments were priced at Bt25,241.40 and Bt26,300, respectively.
At close on Monday, the buying price of a gold bar was Bt25,650 per baht weight and selling price Bt25,750, while gold ornaments were Bt25,180.76 and Bt26,250, respectively.
Spot gold price on Tuesday moved to US$1,825 (Bt54,525) per ounce. The US gold market on Monday was closed for President's Day.
Hong Kong gold price fell by HK$250 to $16,800 (Bt64,746) per tael, the Chinese Gold and Silver Exchange Society reported.
