Gold tumbles to lowest in nine months

Gold prices fell 350 baht in the opening trade this morning, the Gold Traders Association said today.

It said in the first round trade at 09.23am, gold bullion plunged 350 baht from yesterday’s close to 20,000 baht for a baht weight for buying, and 20,100 baht for selling.

For gold ornaments, buying price is 19,647.36 baht and selling price is 20,600 baht for a baht weight.

It said the fall today was the lowest in nine months and a half.

Factors dampening gold prices were attributed to pressure from continued stronger dollars and a run of largely upbeat US economic data today.

Source: Thai Public Broadcasting Service (Thai PBS)

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