As of 9.29am, the buying price of a gold bar was Bt25,150 per baht weight and selling price Bt25,250, while gold ornaments were priced at Bt24,695.64 and Bt25,750, respectively.

At close on Saturday, the buying price of a gold bar was Bt25,100 per baht weight and selling price Bt25,200, while gold ornaments were priced at Bt24,650.16 and Bt25,700, respectively.

The Gold Spot Index price this morning moved to around US$1,688 (Bt53,121) per ounce after the price dropped sharply by $44.4, the lowest in two months, to $1,683 per ounce at Friday’s close.

Investors were selling gold in response to hopes of an economic recovery after the US stock index rose sharply due to rising non-farm employment.

The Hong Kong gold price dropped sharply, by HK$270, to $15,530 (Bt63,061) per tael.