Gold sees Bt300 plunge in value
The price of gold dropped sharply by Bt300 per baht weight on Friday (February 28), the Gold Traders Association reported at 5pm.
At that hour, the price to buy a gold bar was Bt24,250 per baht weight while the sale price was Bt24,350. The buying price of gold ornaments was Bt23,816.36 and the sale price Bt24,850.
The prices had dropped by about Bt300 per baht weight from the morning due to the strengthening baht, which rose to Bt31.56 against the dollar.
The global gold market was still buoyant because of the Covid-19 outbreak.
Gold was Bt24,550 per baht weight to buy as the day’s trading began and Bt24,650 to sell, while gold ornaments were Bt24,104.40 to buy and Bt25,150 to sell.
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