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Thailand: Gold price falls by THB100 ahead of US Fed meeting

  • Apr 28, 2021

The price of gold in Thailand dropped by THB100 per baht weight in morning trade on Wednesday as investors delayed trading to follow the outcome of a key Federal Reserve meeting and the US first-quarter gross domestic product.

AGold Traders Association report at 9.22am showed the buying price of a gold bar was THB26,250 per baht weight and selling price THB26,350, while gold ornaments were priced at THB25,772 and THB26,850, respectively.

At close on Tuesday, the buying price of a gold bar was THB26,350 per baht weight and selling price THB26,450, while gold ornaments cost THB25,878.12 and THB26,950, respectively.

The spot gold price on Wednesday touched US$1,772 (THB55,656) per ounce compared to Tuesday, when it dropped by $1.30 to $1,778.80 per ounce.

The Hong Kong gold price on Wednesday dropped by HK$60 to $16,410 (THB66,398) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : April 28, 2021

By : The Nation