Gold price down amid decline in US bond yield
The price of gold dropped by THB50 per baht weight in morning trade on Thursday despite a decline in the US bond yield.
The market is meanwhile keeping an eye on results of May’s US Consumer Price Index.
A Gold Traders Association report at 9.27am showed the buying price of a gold bar at THB27,700 per baht weight and selling price at THB27,800, while gold ornaments cost THB27,197.04 and THB28,300, respectively.
At close on Wednesday, the buying price of a gold bar was THB27,750 per baht weight and selling price THB27,850, while gold ornaments cost THB27,257.68 and THB28,350, respectively.
The spot gold price on Thursday was US$1,886 (THB58,698) per ounce compared to the price on Wednesday, when it rose by $1.10 to $1,895.50 per ounce.
The Hong Kong gold price on Thursday dropped by HK$60 to $17,490 (THB70,149) per tael, the Chinese Gold and Silver Exchange Society reported.
