Gold price drops in opening trade
The price of gold dropped by Bt100 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.28am, 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.
At close on Tuesday, the buying price of a gold bar was Bt25,400 per baht weight and selling price Bt25,500 while gold ornaments cost Bt24,938.20 and Bt26,000, respectively.
The spot gold price rose to US$1,731 (Bt53,672) per ounce after falling by $13 to $1,725.10 on Tuesday due to the strengthening dollar.
The Hong Kong gold price dropped by HK$100 to $16,010 (Bt63,904) per tael, the Chinese Gold and Silver Exchange Society reported.
