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Gold declines amid higher US bond yield and strong economic data
The price of gold in Thailand dropped by THB150 per baht weight in morning trade on Friday due to the rise in US bond yield and strong US economic data.
The Gold Traders Association report at 9.29am showed buying price of a gold bar at THB26,050 per baht weight and selling price at THB26,150, while gold ornaments were priced at THB25,574.92 and THB26,650, respectively.
At close on Thursday, the buying price of a gold bar was THB26,200 per baht weight and selling price THB26,300, while gold ornaments were THB25,726.52 and THB26,800, respectively.
Spot gold price on Friday was US$1,768 (THB55,187) per ounce compared to Thursday when it dropped by $5.6 to $1,768.3 per ounce.
Hong Kong gold price on Friday dropped by HK$90 to $16,380 (THB65,846) per tael, the Chinese Gold and Silver Exchange Society reported.
Published : April 30, 2021
By : The Nation