Gold stays steady despite decline in spot price
The price of gold was unchanged in morning trade on Monday from Saturday's close, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt25,850 per baht weight and selling price Bt25,950, while gold ornaments were priced at Bt25,337.84 and Bt26,450, respectively. The price had risen by Bt400 per baht weight last week.
Spot gold price on Friday dropped by $13.4 to $1,744.8 (Bt55,035) per ounce due to the strengthening dollar, rising US bond yield and strong economic data.
Hong Kong gold price dropped by HK$30 to $16,160 (Bt65,528) per tael, the Chinese Gold and Silver Exchange Society reported.
