Local gold prices opened sharply lower on Thursday in line with world prices, a result of speculation in gold futures by global fund managers.
The Gold Traders Association (GTA) announced the buying prices of 21,724.28 baht per baht-weight (15.16 grammes) for gold ornaments and 22,050 baht per baht-weight for gold bars after the market open. Selling prices were set at 22,550 baht for gold ornaments and 22,150 baht for gold bars.
The gold price fell by 550 baht per baht-weight from Wednesday's close.
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