Gold opens steady after dropping by THB250 last week
The price of gold in Thailand in morning trade on Monday was unchanged from Saturday close despite mass buy-ups of the precious metal after the US non-farm payroll in May was lower than expected.
The Gold Traders Association report at 9.25am showed buying price of a gold bar at THB27,750 per baht weight and selling price at THB27,850, while gold ornaments were priced at THB27,257.68 and THB28,350, respectively.
The price had dropped by THB250 per baht weight last week..
Spot gold price on Monday was US$1,886 (THB58,877) per ounce compared to Friday when it rose by $18.7 to $1,892 per ounce.
Hong Kong gold price on Monday rose by HK$210 to $17,490 (THB70,385) per tael, the Chinese Gold and Silver Exchange Society reported
