Thai gold falls in keeping with spot price movement
The price of gold dropped by Bt50 per baht weight in the morning trade on Friday, the Gold Traders Association reported.
As of 9.33am, the buying price of a gold bar was Bt25,250 per baht weight and selling price Bt25,350 while gold ornaments cost Bt24,801.76 and Bt25,850, respectively.
On Thursday's close, the buying price of a gold bar was Bt25,300 per baht weight and selling price Bt25,400 while gold ornaments cost Bt24,847.24 and Bt25,900, respectively.
Spot gold price fell to US$1,731 (Bt53,513) per ounce after rising by $5.4 to $1,732.5 on Thursday, due to the US Federal Reserve's signal that it would maintain interest rate at a low level until 2023. But gold gained some positive sentiment from the fall in the US stock market.
Hong Kong gold dropped by HK$60 to $16,040 (Bt63,846) per tael, the Chinese Gold and Silver Exchange Society reported.
