Thursday, September 23, 2021

business

Gold slides for second day in a row in Thailand and Hong Kong


The price of gold in Thailand dropped by THB100 per baht weight on Tuesday morning.

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The Gold Traders Association report at 9.23am showed buying price of a gold bar at THB27,450 per baht weight and selling price at THB27,550, while gold ornaments were priced at THB26,954.48 and THB28,050, respectively.


At close on Monday, buying price of a gold bar was THB27,550 per baht weight and selling price THB27,650, while gold ornaments were priced at THB27,060.60 and THB28,150, respectively.


Spot gold on Tuesday morning rose to US$1,735 (THB58,070) per ounce after Comex gold at close on Monday crashed by $36.60 to $1,726.50 per ounce due to pressure from the appreciating dollar. There was also speculation that the US Federal Reserve may consider reducing quantitative easing after US non-farm payroll surged beyond expectation.

Hong Kong gold price meanwhile dropped by HK$140 to $16,070 (THB69,116) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : August 10, 2021

By : The Nation