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Gold price falls after surging a day earlier
EconFeb 10. 2021
By The Nation
The price of gold dropped by Bt100 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt25,950 per baht weight and selling price Bt26,050 while gold ornaments cost Bt25,483.96 and Bt26,550, respectively.
At close on Monday, the buying price of a gold bar was Bt26,050 per baht weight and selling price Bt26,150 while gold ornaments cost Bt25,574.92 and Bt26,650, respectively.
The spot gold price moved to US$1,839 (Bt55,017) per ounce in the morning after rising by $3.30 to $1,837.50 per ounce on Tuesday on hopes of a rollout of fresh US economic stimulus measures and the weakening dollar.
The Hong Kong gold price meanwhile dropped by HK$40 to $16,980 (Bt65,526) per tael, the Chinese Gold and Silver Exchange Society reported.
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