The price of gold dropped by Bt300 per baht weight in morning trade on Thursday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt25,200 per baht weight and selling price Bt25,300 while gold ornaments cost Bt24,741.12 and Bt25,800, respectively.
The spot gold price dropped to US$1,710 (Bt53,506) per ounce on Thursday after rising by $29.60 to $1,715.60 on Wednesday.
The Hong Kong gold price dropped by HK$180 to $15,640 (Bt62,953) per tael, the Chinese Gold and Silver Exchange Society reported.