Saturday, July 24, 2021

business

Gold down amid strong US economic data


The price of gold in Thailand dropped by THB100 per baht weight in morning trade on Wednesday due to mass sell-offs of the precious metal in response to strong US economic data.

A Gold Traders Association report at 9.27am showed the buying price of a gold bar at THB27,900 per baht weight and selling price at THB28,000, while gold ornaments cost THB27,394.12 and THB28,500, respectively.

At close on Tuesday, the buying price of a gold bar was THB28,000 per baht weight and selling price THB28,100, while gold ornaments cost THB27,500.24 and THB28,600, respectively.

The spot gold price on Wednesday was US$1,899 (THB59,187) per ounce compared to the price on Tuesday, when it dropped slightly, by 30 cents to $1,905 per ounce.

 

The Hong Kong gold price on Wednesday fell by HK$110 to $17,570 (THB70,586) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : June 02, 2021

By : The Nation