It's not yet the right time to buy into gold, despite the recent decline in prices, said Jitti Tangsitpakdi, president of the Gold Traders Association.
He said gold prices could further move downward, under lack of clarity if the US would launch military strikes against Syria as well as the US's tapering plan.
At 2.38pm, gold bar is sold at Bt19,900 and gold ornament at Bt20,300.