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Gold stable after sharp fall on Thursday
EconNov 20. 2020
By The Nation
The price of gold was unchanged in morning trade on Friday after falling by Bt200 per baht weight at close on Thursday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt26,700 per baht weight and selling price Bt26,800, while gold ornaments were priced at Bt26,226.80 and Bt27,300, respectively.
Spot gold price moved to US$1,864 (Bt56,637) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in December dropped by $12.4 to $1,861.5 per ounce on Thursday due to the strengthening dollar and strong US economic data.
Hong Kong gold price meanwhile rose by HK$30 to $17,220 (Bt67,479) per tael, the Chinese Gold and Silver Exchange Society reported.