Gold price stable despite weakening dollar
The price of gold in Thailand was unchanged from Tuesday’s close in morning trade on Wednesday despite positive sentiment over a weakening dollar after feeble economic data emanated from the US.
A Gold Traders Association report at 9.24am 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.
The spot gold price on Wednesday was US$1,867 (THB58,917) per ounce compared to Tuesday, when it rose by 40 cents to $1,868 per ounce.
The Hong Kong gold market was closed on Wednesday on the occasion of Buddha’s birthday.