Thai gold cheaper by THB50 despite rise in spot price
The price of gold in Thailand dropped by THB50 per baht weight on Tuesday morning despite the weakening dollar and the decline in US bond yield.
The Gold Traders Association report at 9.28am showed buying price of a gold bar at THB27,700 per baht weight and selling price at THB27,800, while gold ornaments were priced at THB27,197.04 and THB28,300, respectively.
At close on Monday, the buying price of a gold bar was THB27,750 per baht weight and selling price THB27,850, while gold ornaments were priced at THB27,257.68 and THB28,350, respectively.
Spot gold price on Tuesday was US$1,875 (THB58,748) per ounce compared to Monday when it rose by $7.8 to $1,884.5 per ounce.
Hong Kong gold price on Tuesday dropped by HK$50 to $17,390 (THB70,183) per tael, the Chinese Gold and Silver Exchange Society reported.
