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Gold edges lower in Thailand, HK despite Comex demand spike
The price of gold dropped by THB100 on Wednesday morning.

AGold Traders Association report at 9.22am said the buying price of a gold bar was THB27,950 per baht weight and selling price THB28,050, while gold ornaments were priced at THB27,439.60 and THB28,550, respectively.
At close on Tuesday, the buying price of a gold bar was THB28,050 per baht weight and selling price THB28,150, while gold ornaments were THB27,545.72 and THB28,650, respectively.
Spot gold price on Wednesday morning was moving at around US$1,795 (THB59,127) per ounce after Comex gold rose by $2.20 to $1,808.50 per ounce at close on Tuesday, due to support for buying gold as a safe-haven asset amid concerns over the effects of the Covid-19 Delta variant. Meanwhile, investors 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, meanwhile, dropped by HK$50 to $16,680 (THB70,581) per tael, the Chinese Gold and Silver Exchange Society reported.
Published : August 25, 2021
By : The Nation