Gold price down in opening trade
The price of gold dropped by THB100 per baht weight in morning trade on Thursday despite a decline in the US bond yield and uncertainty over rising inflation.
A Gold Traders Association report at 9.27am showed the buying price of a gold bar at THB27,950 per baht weight and selling price at THB28,050, while gold ornaments were priced at THB27,439.60 and THB28,550, respectively.
At close on Wednesday, the buying price of a gold bar was THB28,050 per baht weight and selling price THB28,150, while gold ornaments were priced at THB27,545.72 and THB28,650, respectively.
The spot gold price on Thursday was US$1,895 (THB59,270) per ounce compared to the price on Wednesday, when it rose by $3.30 to $1,903.80 per ounce.
The Hong Kong gold price on Thursday dropped by HK$130 to $17,540 (THB70,690) per tael, the Chinese Gold and Silver Exchange Society reported.