Gold drops in Thai, HK markets amid slide in Comex price #SootinClaimon.Com

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Gold drops in Thai, HK markets amid slide in Comex price


The price of gold in Thailand dropped by THB50 on Thursday morning.

AGold Traders Association report at 9.28am said the buying price of a gold bar was THB27,700 per baht weight and selling price THB27,800, while gold ornaments were priced at THB27,197.04 and THB28,300, respectively.


At close on Wednesday, the buying price of a gold bar was THB27,750 per baht weight and selling price THB27,850, while gold ornaments were THB27,257.68 and THB28,350, respectively.


Spot gold on Thursday morning was moving at around US$1,790 (THB58,640) per ounce after Comex gold dropped by $17.50 to $1,791 per ounce at close on Wednesday, under pressure to sell gold as a safe-haven asset after the US stock market rose for several days in a row. Investors, meanwhile, are monitoring the US Federal Reserve annual meeting in Jackson Hole, Wyoming from August 26-28 for indicators of its monetary policy direction.

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Hong Kong gold price dropped by HK$60 to $16,620 (THB69,945) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : August 26, 2021

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