Gold declines amid higher US bond yield and strong economic data

The Gold Traders Association report at 9.29am showed buying price of a gold bar at THB26,050 per baht weight and selling price at THB26,150, while gold ornaments were priced at THB25,574.92 and THB26,650, respectively.

At close on Thursday, the buying price of a gold bar was THB26,200 per baht weight and selling price THB26,300, while gold ornaments were THB25,726.52 and THB26,800, respectively.

Spot gold price on Friday was US$1,768 (THB55,187) per ounce compared to Thursday when it dropped by $5.6 to $1,768.3 per ounce.

Hong Kong gold price on Friday dropped by HK$90 to $16,380 (THB65,846) per tael, the Chinese Gold and Silver Exchange Society reported.