Gold price tumbled on Friday morning (Dec 8) as domestic gold trade reacted to the strengthened dollars and news of investors pulling out of the safe haven on growing optimism over President Donald Trump’s corporate tax cuts.
The Gold Traders Association of Thailand reported gold price falling 150 baht in the morning trade opening at 9am.
Buying for gold bullion is 19,250 baht per baht weight, while selling price is 19,350 baht.
For gold ornaments, buying price is 18,904.52 baht, and selling price is 19,850 baht.
Yesterday gold bullion closed at 19,400 baht for buying, and 19,500 baht for selling.
Gold ornaments closed at 20,115 baht for buying, and 20,140 baht for selling.
Source: Thai Public Broadcasting Service (Thai PBS)