Thursday, September 23, 2021

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Gold holds firm in Thai market despite slide in spot price


The price of gold in Thailand on Tuesday morning was unchanged from Monday close.

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The Gold Traders Association report at 9.26am showed buying price of a gold bar at THB28,150 per baht weight and selling price at THB28,250, while gold ornaments were priced at THB27,636.68 and THB28,750, respectively.

Spot gold on Tuesday morning dropped to US$1,812 (THB59,718) per ounce after Comex gold price at close on Monday rose by $5 to $1,822.2 per ounce, due to the depreciation of the US dollar and the drop in the US government bond yield.

Hong Kong gold price, meanwhile, rose by HK$20 to $16,790 (THB71,167) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : August 03, 2021

By : The Nation