Gold unchanged despite drop in Comex due to stronger dollar

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The price of gold was unchanged in morning trade on Monday after falling by Bt100 per baht weight at close on Saturday, the Gold Traders Association reported.

As of 9.24am, the buying price of a gold bar was Bt26,250 per baht weight and selling price Bt26,350, while gold ornaments were priced at Bt25,772 and Bt26,850, respectively.

Comex (Commodity Exchange) gold price to be delivered in February dropped by US$9.7, or 0.52 per cent, closing at $1,856.2 (Bt55,624) per ounce on Friday due to the strengthening dollar which made the metal price high for investors holding other currencies.

However, the gold price had risen by 1.4 per cent last week.

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