Local gold price sinks by B2,400, experts bearish | Bangkok Post: business

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Local gold price sinks by B2,400, experts bearish

Circuit breaker kicks in once at TFEX

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Local gold bullion tumbled 2,400 baht per baht weight (15.244 grammes) on Wednesday, the first day of trading after the Songkran holiday, as gold experts warned the downward trend could continue. 

A gold rush: Buyers flock to a gold shop on Yaowarat Road after prices fell by 2,400 baht per baht weight on Wednesday. THANARAK KHOONTON

Thailand Clearing House (TCH) also announced it would raise the maintenance margin and initial margin requirements for gold and silver futures, effective on April 22.

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