Gold flat amid worries over inflation, fall in US stock market
The price of gold was unchanged from Saturday's close in morning trade on Monday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt25,300 per baht weight and selling price Bt25,400, while gold ornaments were priced at Bt24,847.24 and Bt25,900, respectively.
Spot gold price dropped to US$1,736 (Bt53,642) per ounce after rising by $9.2 to $1,741.7 on Friday, the highest in three weeks, from uncertainty over inflation and the fall in the US stock market.
Hong Kong gold price dropped by HK$30 to $16,110 (Bt64,097) per tael, the Chinese Gold and Silver Exchange Society reported.
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